FINTRAC’s Management Response to Management Accountability Framework (MAF) Assessment 2006

The Management Accountability Framework (MAF) is a set of 10 statements summarizing the Treasury Board of Canada Secretariat's (TBS) expectations for modern public service management. It was developed to provide public service managers with a clear list of management expectations within an overall framework for peak organizational performance.

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) was assessed as part of the Round IV (2006-07) MAF assessment exercise. In the time period covered by the assessment, FINTRAC’s mandate and activities expanded significantly. Amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act received Royal Assent on December 14, 2006. The expanded mandate, including increased resources levels, resulted in a sizeable change and a heavy workload to manage during the MAF review period.

The overall observations by the Treasury Board Portfolio for FINTRAC’s MAF assessment were rated as “very positive”. FINTRAC is pleased that TBS recognized the efforts made during a heavy workload period. The complete assessment can be viewed at: http://www.tbs-sct.gc.ca/maf-crg/assessments-evaluations/2006/cfc/cfc_e.asp

FINTRAC is pleased with the results of the assessment and recognizes the benefits of the MAF assessment process. Action has been taken to improve areas recommended in the assessment, and to identify ways and means to enhance our management performance.

For more information on FINTRAC’s performance and achievements, please view our corporate publications page.