COMM 225 Lecture Notes - Lecture 3: Canadian Security Intelligence Service, Financial Intelligence, Canada Border Services Agency
Document Summary
Fintrac: financial transactions and reports analysis centre of canada: established by pcmltfa in 2000. Mandate: facilitate the detection, prevention, and deterrence of ml, terrorist activity financing: fulfills mandate through following activities: Gathering and analyzing information on suspect financial activities. Ensuring those subject to the pcmltfa comply with reporting, record keeping and other obligations. Making case disclosures of financial intelligence to the appropriate law enforcement agency, csis, or other agencies designated by legislation in support of investigations and prosecutions. Enhancing public awareness and understanding of matters related to ml. The canada customs and revenue agency (in cases where the information is relevant to an offence of evading or attempting to evade federal taxes or duties) In 2010, a foreign financial intelligence unit (fiu) submitted a query to fintrac concerning a fraud and money laundering investigation within its jurisdiction. The individual being investigated had ordered electronic funds transfers (efts) to canada for the benefit of an individual and an entity.
