Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has released its 2021-22 Annual Report. FINTRAC is Canada’s financial intelligence unit and anti-money laundering and anti-terrorist financing regulator. It helps to combat money laundering, terrorist activity financing and threats
to the security of Canada.
The Centre produces actionable financial intelligence in support of investigations of Canada’s police, law
enforcement and national security agencies in relation to these threats. FINTRAC also generates valuable strategic financial intelligence, including specialized research reports and trends analysis, for regime partners and policy decision-makers, businesses and international counterparts. This strategic financial intelligence shines a light on the nature, scope and threat posed by money laundering and terrorism financing.
As front-line finance professionals, CPAs play a critical role in helping support FINTRAC’s efforts.
The FINTRAC Annual Report provides highlights from the organization’s 2021/22 fiscal year, including the following statistics:
- 2,292 unique disclosures of financial intelligence to law enforcement and national security agencies
- 335 major, resource intensive investigations contributed to
- 268 queries received from foreign financial intelligence units
- 259 compliance examinations conducted across the country
Click here to access the 2021/22 FINTRAC Annual Report
