November 2009

Highlights from FINTRAC’s 2009 Annual Report
« Responding to the Priorities of our Partners »

FINTRAC is producing more financial intelligence than at any time it its past. This year, 556 case disclosures were provided to law enforcement, other domestic partners and to foreign financial intelligence units.

FINTRAC has a role to assist investigations. This year, we have made an effort to respond to the priorities of our partners, to help them with the cases they felt were most important and to add new intelligence to ongoing criminal investigations. To achieve this we have streamlined our processes to produce financial intelligence more quickly.

We are getting faster and better at producing financial intelligence. We are also responding to a growing demand from our investigative partners. Investigators are recognizing the utility of following the money trail and the assistance that FINTRAC can offer 8 out of 10 case disclosures were part of active investigations.

During fiscal 2008-2009, FINTRAC made 556 case disclosures, of which:

• 474 were for suspected money laundering
• 52 were for suspected terrorist activity financing and/or threats to the security of Canada
• 30 were for both suspected money laundering and suspected terrorist activity financing and/or threats to the security of Canada

FINTRAC's financial intelligence disclosures were provided to a variety of law enforcement and intelligence agencies:

• 68% to the RCMP
• 27% to the Canada Revenue Agency
• 27% to municipal police services
• 17% to foreign financial intelligence units
• 14% Canada Border Services Agency
• 10% to Canadian Security Intelligence Service
• 10% to provincial police services
• 1% to Communication Security Establishment Canada

(Percentages do not add to 100% because FINTRAC disclosures are often sent to more than one recipient.)

FINTRAC participated in Operation Mantis, an international law enforcement operation aimed to dismantle cash smuggling operations around the world. Our contribution was acknowledged in a press release at the G8 meeting in Naples, Italy on July 9^th, 2009.

For the year 2007-2008, FINTRAC had 295 employees and a budget of $54.9 million. Our resource level for 2009-2010 will be $48 million.