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Table 4: Horizontal Initiatives
Name of horizontal initiative: Integrated Market Enforcement Teams (IMET) Program
Name of lead department(s): Public Safety Canada Lead department program activity:
Law Enforcement
Start date: 2003/2004 End date: Ongoing
Total federal funding allocation (start to end date): $ 198,750,000 from 2003-2004 through 2009-2010; $ 40,000,000 per year ongoing
Description of the horizontal initiative (including funding agreement): The IMET program objective 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 markets fraud offences that are of regional or national significance and threaten investor confidence or economic stability in Canada.
Shared outcome(s): Improved Canadian and international investor confidence in the integrity of Canada’s capital markets.
Governance structure(s): 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.
Federal Partners Federal Partner Program Activity (PA) Planned Spending for 2009-10
(in dollars)
1. Public Safety and Emergency Preparedness Canada Law Enforcement $ 658,790
2. Justice Canada Justice, Policies, Laws and Programs $ 2,596,663
3. Office of the Director of Public Prosecutions Prosecution of Federal Offences to Protect the Environment, Natural Resources, Economic and Social Health $ 5,853,337
4. Royal Canadian Mounted Police Federal and International Operations $ 30,718,817
5. Finance Canada Economic and Fiscal Policy Framework $ 172,393
Total: $ 40,000,000
Contact information: Barry MacKillop (613) 991-4281