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Canada — FINTRAC Annual Report 2011

November 7, 2011 Comments off

FINTRAC Annual Report 2011
Source: Financial Transactions and Reports Analysis Centre of Canada

FINTRAC’s disclosures of cases of suspected money laundering and terrorist financing are the product of its unique capability to access and analyze a vast range of financial transaction data. These disclosures not only provide important information about cases of suspected money laundering and terrorist financing, but they can also reveal a great deal about the crimes that these activities either support or are supported by. They uncover links between seemingly unrelated criminal operations, often international in scope, and thus offer valuable new investigative leads to law enforcement officials. In addition, FINTRAC’s disclosures can assist investigative agencies in targeting their current investigations more effectively.

In 2010–11 FINTRAC made 777 disclosures of cases of suspected money laundering and terrorist financing, representing a tripling of output over the past three years. This remarkable achievement is largely due to the excellent work of our analytical team, coupled with more streamlined business processes and the continuous upgrading and enhancement of our technology.

Categories: business and economics, Canada, financial crime and fraud, Financial Transactions and Reports Analysis Centre of Canada, legal and law enforcement, terrorism
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