2003 April Report of the Auditor General of Canada

Canada Customs and Revenue Agency

• Receives declarations of import and export of large amounts of cash or money in other forms, and transmits them to the Financial Transactions and Reports Analysis Centre of Canada.
• Enforces system to report when large amounts of money are taken across Canada's borders.
• Investigates the evasion of taxes or duties related to money laundering or terrorist financing

5.3

6.0

6.0

6.0

23.3

Canadian Security Intelligence Service

• Investigates threats to national security linked to money laundering and terrorist financing.

-

-

-

-

-

Citizenship and Immigration Canada

• Prevents entry of, or arranges to remove non-citizens who engage in money laundering across national borders.

0.0

0.7

0.7

0.7

2.1

Department of Finance

• Develops and evaluates policy and regulation.
• Acts as lead department in international discussions on money-laundering and terrorist-financing issues.

0.3

0.3

0.3

0.3

1.2

Department of Justice

• Prosecutes money-laundering offences.

0.6

1.2

1.2

1.2

4.2

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) ¹

• Receives and analyzes transaction reports.
• Discloses information, if related to a money-laundering offence, to law enforcement agencies.
• Makes public more aware of money laundering.
• Ensures that financial organizations comply with record keeping and rules about reporting large transactions.

18.0

25.5

26.3

21.3

91.1

Office of the Superintendent of Financial Institutions

• Reviews policies and procedures to combat money laundering as part of its program of supervision of federally regulated financial institutions and life insurance companies.

-

-

-

-

-

Royal Canadian Mounted Police

• Investigates money-laundering offences related to Criminal Code and other federal statutes.

2.6

4.9

4.9

4.9

17.3

Total

26.8

38.6

39.4

34.4

139.2