Financial Transactions and Reports Analysis Centre of Canada

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Financial Transactions and Reports Analysis Centre of Canada (aka FINTRAC) gathers, analyzes, assesses, and discloses financial intelligence. Originally created in July 2000 to counter suspected money laundering, FINTRAC's mandate was expanded in December 2001 to provide CSIS with information on terrorist financing that threaten the security of Canada.[1]

FINTRAC receives information on:

  • Suspicious transactions
  • Suspected terrorist property
  • Large cash transactions
  • Electronic funds transfer
  • Cross border currency reporting

In 2005, FINTRAC identified over $2 billion CAD in suspected money laundering and terrorist financing.[2]

[edit] External links

[edit] References

  1. ^ FINTRAC - Who We Are. Retrieved on June 28, 2006.
  2. ^ FINTRAC Annual Report 2005. Retrieved on June 28, 2006.
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