Common menu bar links
Breadcrumb Trail
ARCHIVED - RPP 2007-2008
Financial Transactions and Reports Analysis Centre of Canada
This page has been archived.
Archived Content
Information identified as archived on the Web is for reference, research or recordkeeping purposes. It has not been altered or updated after the date of archiving. Web pages that are archived on the Web are not subject to the Government of Canada Web Standards. As per the Communications Policy of the Government of Canada, you can request alternate formats on the "Contact Us" page.
SECTION III – SUPPLEMENTARY INFORMATION
3.1 Organizational Information
FINTRAC is established as an independent agency, reporting to Parliament through the Minister of Finance, who is responsible for the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its accompanying regulations. The organization is funded through appropriations. The Centre is headquartered in Ottawa and has small regional offices in Montreal, Toronto and Vancouver.
The Director, appointed by the Governor-in-Council, is the Chief Executive Officer of the Centre and has all the powers of a deputy head of a department. The Centre has separate employer status. The Director is required to report to the Minister of Finance on the exercise of his powers and the performance of his duties under the Act.
Figure 1 FINTRAC’s Program Activity Architecture
The Senior Deputy Director, Operations has responsibility for the Financial Intelligence Analysis and Compliance sub-activities as well as defining the user requirements for technology driven collection, analytics, and case management systems.
The Financial Intelligence Analysis sub-activity includes all of FINTRAC’s tactical financial intelligence and strategic analysis functions for detecting money laundering and terrorist activity financing schemes.
The Compliance sub-activity includes FINTRAC’s regional offices and is responsible for implementing the compliance program and undertaking regional outreach to law enforcement and other key partners.
The Deputy Director, Strategies and Partnerships leads the following sub-activities: Domestic and International Relationships and Communications, including Strategic Planning; Agency Management and Corporate Services; Security and Privacy Protection; and Accommodation. The Corporate Services functions carried out by the sector include: corporate finance; administration; human resources and communications.
The Deputy Director, Information Management/ Information Technology (IM/IT) is responsible for the Technology Driven Collection, Analytics and Case Management and IM/IT Support and Maintenance sub-activities. This sector develops and applies information management and information technology methodologies that support and advance all of FINTRAC’s objectives. It designs, maintains, implements, secures, supports and operates all IM/IT infrastructure and business system solutions to meet FINTRAC’s internal and external requirements.
Legal Services are provided to the Centre by the General Counsel and three Legal Counsel, who are employees of the Department of Justice. In addition, FINTRAC provides one FTE toward the administration of this office.
Figure 2 FINTRAC’s Organization Chart
Table 1: Agency Planned Spending and Full Time Equivalents
($ millions) |
Forecast Spending 2006-2007 |
Planned Spending 2007-2008 |
Planned Spending 2008-2009 |
Planned Spending 2009-2010 |
|---|---|---|---|---|
| Collection, Analysis and Dissemination of Financial Information | 20.9 | 29.4 | 24.6 | 24.3 |
| Corporate Support | 10.2 | 15.5 | 15.2 | 15.3 |
| Budgetary Main Estimates (gross) | 31.1 | 44.9 | 39.8 | 39.6 |
| Less: Respendable revenue | ||||
| Total Main Estimates | 31.1 | 44.9 | 39.8 | 39.6 |
| Adjustments: | ||||
| Supplementary Estimates: | ||||
| Operating Budget Carry Forward | 1.4 | |||
| Funding Existing Program Pressures (1) | 8.0 | |||
| Funding New Initiatives (1) | 7.5 | 7.0 | 6.8 | |
| Re-profile resources from 2006-2007 | 2.1 | 1.0 | ||
| Budget Announcement: | ||||
| Procurement Savings | (0.4) | |||
| Employee Benefit Plan | 0.8 | 0.9 | 0.8 | 0.8 |
| Total Adjustments | 9.8 | 10.5 | 8.8 | 7.6 |
| Total Planned Spending | 40.9 | 55.4 | 48.6 | 47.2 |
| Total Planned Spending | 40.9 | 55.4 | 48.6 | 47.2 |
| Plus: Cost of services received without charge | 1.6 | 1.9 | 1.9 | 1.9 |
| Net cost of Program | 42.5 | 57.3 | 50.5 | 49.1 |
| Full Time Equivalents | 226.5 | 271 | 271 | 271 |
(1) From 2007-08 the funding for Existing Program Pressure is part of the Main Estimates numbers.
Table 2: Voted and Statutory Items listed in Main Estimates
| 2007-08 ($ millions) |
|||
|---|---|---|---|
| Vote or Statutory Item | Truncated Vote or Statutory Wording | Current Main Estimates | Previous Main Estimates |
| 25 | Program expenditures | 39.5 | 28.1 |
| (S) | Contributions to employee benefit plans | 3.6 | 3.0 |
| Total Agency | 44.9 | 31.1 | |
Table 3: Services Received Without Charge
| ($ millions) | 2007-08 |
|---|---|
| Contributions covering employers' share of employees’ insurance premiums and expenditures paid by Treasury Board of Canada Secretariat (excluding revolving funds) | 1.9 |
| 2007-2008 Services received without charge | 1.9 |
Table 4: Summary of Capital Spending by Program Activity
| ($ millions) | Forecast Spending 2006-2007 | Planned Spending 2007-2008 | Planned Spending 2008-2009 | Planned Spending 2009-2010 |
|---|---|---|---|---|
| Collection, Analysis and Dissemination of Financial Information | 3.0 | 4.2 | 3.5 | 3.3 |
| Corporate Support | 0.5 | 0.7 | 0.6 | 0.6 |
| Total | 3.5 | 4.9 | 4.1 | 3.9 |
Table 5: Internal Audits and Evaluations
| Internal Audits and Evaluations |
|---|
| FINTRAC, as a key player in Canada's anti-money laundering/anti-terrorist financing regime, will be assessed against internationally recognized criteria by the Financial Action Task Force. This Mutual Evaluation will be completed in fall 2007. |