What is FINTRAC? FINTRAC Review, Features

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada's financial intelligence unit whose mission is to facilitate the detection, prevention and deterrence of money laundering and the financing of terrorism, while ensuring the protection of personal information under its control. amz 123

About the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

• The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) was established in 2000. It is an independent agency that reports to the Minister of Finance and is responsible to the Parliamentary Activities Centre. Headquartered in Ottawa, it is mainly responsible for collecting, analyzing, evaluating and disclosing relevant information on Canada's financial industry to ensure the stability and security of Canada's financial sector.
• FINTRAC is a member of the Egmont Union (FIU), whose purpose is to strengthen cooperation and information exchange to support member countries' anti-money laundering and terrorist financing regimes.

The role of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

FINTRAC is committed to preventing money laundering and the financing of terrorism while ensuring the protection of personal information. It performs its duties by:

• Acceptance of financial transaction reports, voluntary disclosure of information on money laundering and financing of terrorist activities in accordance with legislation and regulations;
• Protect personal information;
• Ensure that reporting organizations comply with laws and regulations;
• Establishing a financial intelligence network related to investigations into money laundering, the financing of terrorist activities and threats to Canada’s security;
• Research and analyze various financial data to analyze trends and patterns in money laundering and terrorist financing;
• Responsible for the registration of Canadian fund services business;
• To increase public awareness and understanding of money laundering and terrorist financing.

Funding services business scope

Foreign exchange transactions, remittance business, cashing or selling bills of exchange, traveler's checks, etc.

mission

Contribute to the public safety of Canadians and help protect the integrity of Canada's financial system by detecting and preventing money laundering and terrorist financing.

Vision

Become a leader in financial intelligence research