What is Canadian FTR? Canadian FTR Review, Features

The Canadian Financial Intelligence Unit (FTR) is Canada's financial intelligence unit. It 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 protect Canada's financial stability and security.

About FTR Canada

• The full name of Canadian FTR is Financial Transactions and Reports Analysis Centre of Canada (FINTRAC for short).

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

Responsibilities of the Canadian FTR

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

1. Receive financial transaction reports, voluntary disclosures on money laundering and financing of terrorist activities in accordance with legislation and regulations.

2. Protect personal information.

3. Ensure reporting organizations comply with laws and regulations.

4. Establishing a financial intelligence network related to investigating money laundering, financing of terrorist activities and threats to Canada's security

5. Research and analyze various information data to analyze trends and patterns in money laundering and terrorist financing.

6. Responsible for the registration of Canadian fund services businesses.

7. To increase public awareness and understanding of money laundering and terrorist financing.

Regulatory business scope

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