Office of the Auditor General of CanadaOAG reports published in the past are available through Publications.gc.ca.

2003 April Report of the Auditor General of Canada Exhibit 3.1—National initiative to combat money laundering: Roles of federal departments and agencies and their budgets

2003 April Report of the Auditor General of Canada

April 2003 Report—Chapter 3

Exhibit 3.1—National initiative to combat money laundering: Roles of federal departments and agencies and their budgets

Roles of federal departments and agencies

Budget for federal departments and agencies ($ millions)

2000-01

2001-02

2002-03

2003-04

Total

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

 

1 FINTRAC also received funding to detect and deter terrorist financing in the amounts of $10.0 million in 2001-02, $14.7 million in 2002-03, and $9.5 million in 2003-04.

Source: Based on information provided by the Treasury Board of Canada Secretariat.