Financial Transactions and Reports Analysis Centre of Canada

Not to be confused with Tracfin.
Financial Transactions and Reports Analysis Centre of Canada
Centre d'analyse des opérations et déclarations financières du Canada
Agency overview
Formed2000
HeadquartersOttawa, Ontario, Canada
Employees556 (2024)[1]
Annual budget$51.5 million
Minister responsible
Agency executive
  • Sarah Paquet[2], Director and Chief Executive Officer
Parent agencyDepartment of Finance
Key document
  • Proceeds of Crime (Money Laundering and Terrorist Financing) Act
Websitefintrac-canafe.gc.ca

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC; French: Centre d'analyse des opérations et déclarations financières du Canada) is the national financial intelligence agency of Canada. FINTRAC was established in 2000 under the Proceeds of Crime (Money Laundering) Act to facilitate detection and investigation of money laundering, FINTRAC's mandate was expanded in December 2001 following amendments to the Proceeds of Crime Act to also disclose financial intelligence to other Canadian intelligence and law enforcement agencies with respect to suspected terrorist financing.[3] FINTRAC's mandate was further expanded in 2006 under Bill C-25 to enhance the client identification, record-keeping and reporting measures, established a registration regime for money services businesses and foreign exchange dealers, and created new offences for not registering.[4]

FINTRAC has been a member of the Egmont Group of Financial Intelligence Units, an international organization of financial intelligence bodies, since June 2002.[5]

  1. ^ "Population of the federal public service by department". 12 July 2012.
  2. ^ "Director". Financial Transactions and Reports Analysis Centre of Canada. 2020-11-18. Retrieved 2021-02-04.
  3. ^ "FINTRAC - Who We Are". Retrieved 2006-06-28.
  4. ^ "Bill C-25 (Historical) | openparliament.ca". openparliament.ca. Retrieved 2018-04-25.
  5. ^ "FINTRAC is a member of the Egmont Group". FINTRAC. 2012-06-04.