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Integrated Market Enforcement Teams (IMET) Program | |||||
Name of Lead Department and its Program Activity: Public Safety Canada, Law Enforcement |
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Start Date: 2003-04 |
Total Federal Funding allocation (start to end date): $304,299,000 from 2003-04 through 2012-13 (includes the employee benefits plan and PWGSC accommodation costs), $ 40,000,000 per year ongoing. |
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Description of the Horizontal Initiative: The objective of the IMET program is to effectively enforce the law against serious criminal capital market fraud offences in Canada. To achieve this objective, IMET is mandated to investigate serious Criminal Code capital market fraud offences that are of regional or national significance and threaten investor confidence or economic stability in Canada. |
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Shared Outcome: Improved Canadian and international investor confidence in the integrity of Canada’s capital markets. |
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Governance Structure: The IMET Executive Council, composed of senior officials from the Royal Canadian Mounted Police (co-chair), Finance (co-chair), the Office of the Director of Public Prosecutions, Justice and Public Safety Canada provides strategic oversight for the IMET program. |
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Federal Partner |
Federal Partner Program Activity |
Name of Programs for Federal Partners |
Total Allocation |
Planned Spending for |
Actual Spending for |
---|---|---|---|---|---|
1. Public Safety Canada |
Law Enforcement |
IMET |
FY 2003-04 to |
$340,658 |
$340,658 |
Internal Services |
|
FY 2008-09 to |
$318,132 |
$318,132 |
|
Total |
$3,418,950 |
$658,790 |
$658,790 |
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2. Justice Canada[1] |
1. Justice, Policies, Laws and Programs |
IMET Reserve Fund Program |
FY 2008-09 to FY 2012-13: |
$2,405,156 |
$186,190 |
2. Services to Government |
IMET Program |
FY 2008-09 to FY 2012-13: |
$168,822 |
$162,263 |
|
3. Internal Services |
|
FY 2008-09 to FY 2012-13: |
$22,685 |
$22,685 |
|
Total: |
$11,730,000 |
$2,596,663 |
$ 371,138 |
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3. Office of the Director of Public Prosecutions[2] |
Regulatory offences and economic crime prosecution program |
IMET |
FY 2008-09 to FY 2012-13: $29,226,685 |
$5,853,337 |
$3,726,547 |
4. Royal Canadian Mounted Police |
Federal and International Operations |
IMET |
FY 2003-04 to FY 2007-08: |
$30,718,817 |
$22,514,025 |
|
$228,584,010 |
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5. Finance Canada |
Economic and Fiscal Policy Framework |
Financial Sector Policy |
FY 2008-09 to FY 2012-13: |
$172,393 |
$172,393 |
TOTAL: |
$304,299,000 |
$40,000,000 |
$27,442,893 |
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(from 2003-04 through 2012-13) |
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[1] All amounts include PWGSC accommodation costs totalling $27K for 2009-10 planned and actual spending. The Department of Justice received for FY 2003-04 to 2007-08 a total funding of $26.67M (including accommodation) and there was an additional transfer of $3.75M to ODPP for the FY 2007-08 following the creation of this organization.
[2] Prior to the establishment of the Office of the Director of Public Prosecutions (ODPP) in 2006, funding for this program activity was allocated to Justice Canada's Federal Prosecution Service.
Federal Partner |
Expected Results for 2009-10 |
Results Achieved in 2009-10 |
---|---|---|
Public Safety Canada |
Fulfillment of Public Safety Canada's IMET program management responsibilities, including coordinating reporting, evaluations, policy development and research. |
Expected results achieved. In particular:
|
Justice Canada |
Facilitate provincial prosecutions in defraying exceptional expenses incurred following IMET investigations. |
Uptake of the IMET Reserve Fund |
Justice Canada |
|
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Office of the Director of Public Prosecutions |
Provision of pre-charged legal advice and litigation support, as well as prosecution of fraud offences under the Criminal Code in response to the workload generated by the IMETs. |
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Royal Canadian Mounted Police |
|
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Finance Canada |
Finance Canada is to:
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As Co-Chair of the IMET Executive Council and Working Group, Finance Canada provided oversight and strategic direction to the IMET program. Finance Canada participated in the second meeting of the Senior Officials Group on Capital Markets Enforcement, which is a forum that brings together senior enforcement officials to exchange information and examine opportunities to better coordinate Canada’s enforcement activities. |
Justice Canada: Due to the complexity and length of investigations, and due to the limited number of cases that have proceeded to trial, the Reserve Fund was not accessed to its full capacity. Office of the Director of Public Prosecutions: The under expenditure is due to lower than anticipated prosecutorial workloads at the federal level. |
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Electronic Links: |
http://www.rcmp-grc.gc.ca/imet-eipmf/index-eng.htm |
Contact Information: |
Barry MacKillop |
Note: This table will be posted on both the Secretariat’s main DPR website and the Horizontal Initiatives Database website.