Annex 4 - FINTRAC's Key Relationships

Reporting Entities: those who must send reports to FINTRAC

• Financial entities (including banks, credit unions, caisses populaires, trust and loan companies and agents of the Crown that accept deposit liabilities);
• Life insurance companies, brokers or agents;
• Securities dealers, portfolio managers and investment counsellors who are provincially authorized;
• Persons engaged in the business of foreign exchange dealing;
• Money services businesses (including alternative remittance systems, such as Hawala, Hundi, Chitti, and others);
• Agents of the Crown when they sell money orders;
• Accountants and/ or accounting firms (when carrying out certain activities on behalf of their clients);
• Real estate brokers or sales representatives (when carrying out certain activities on behalf of their clients); and
• Casinos

Law Enforcement and National Security Agencies: those to whom FINTRAC must send disclosures

When there are reasonable grounds to suspect information would be relevant to the investigation and/ or prosecution of money laundering or terrorist activity financing offences, FINTRAC must disclose that information to the appropriate police force, i. e.:

• the Royal Canadian Mounted Police
• provincial, territorial or municipal police forces in Canada

When there are reasonable grounds to suspect that information would be relevant to threats to the security of Canada, FINTRAC must disclose that information to the:

• Canadian Security Intelligence Service

When there are reasonable grounds to suspect information would be relevant to the investigation and/ or prosecution of money laundering or terrorist activity financing offences and FINTRAC determines that the information is relevant to an offence of evading or attempting to evade paying taxes or duties, FINTRAC must disclose that information to the:

• Canada Revenue Agency for tax evasion
• Canada Border Services Agency for duty evasion

When there are reasonable grounds to suspect information would be relevant to the investigation and/ or prosecution of money laundering or terrorist activity financing offences and FINTRAC determines that the information would promote international justice and security by fostering respect for human rights and by denying access to Canadian territory to persons who are criminals or security risks, FINTRAC must disclose that information to:

• Citizenship and Immigration Canada
• Canada Border Services Agency

Foreign FIUs: those to whom FINTRAC may send disclosures

When there are reasonable grounds to suspect that information may be relevant to the investigation or prosecution of a money laundering offence or a terrorist activity financing offence, or an offence substantially similar to either offence and if the Minister of Finance has entered into an agreement or arrangement with a foreign state or international organization established by the governments of foreign states that has powers and duties similar to those of FINTRAC, it may disclose that information to such foreign states or international organization.

When there are reasonable grounds to suspect that information may be relevant to the investigation or prosecution of a money laundering offence or a terrorist activity financing offence, or an offence substantially similar to either offence and if FINTRAC has entered into an agreement or arrangement with an agency or institution with powers and duties similar to those of FINTRAC, it may disclose that information to such a foreign agency or institution.

Regulatory bodies met with by FINTRAC
Many reporting entities are overseen by regulatory bodies that ensure entities conform to specific norms of conduct. As part of its outreach activity, FINTRAC has been exploring the possibility of entering into agreements with regulatory bodies so that FINTRAC could maximize its compliance efforts and minimize regulatory overlap.

Alberta

• Alberta Gaming and Liquor Commission
• Alberta Insurance Council
• Alberta Superintendent of Financial Institutions
• Alberta Securities Commission
• Credit Union Deposit Guarantee Corporation of Alberta
• Real Estate Council of Alberta

British Columbia

• British Columbia Financial Institutions Commission
• British Columbia Securities Commission
• Credit Union Deposit Insurance Corporation of British Columbia
• Insurance Council of British Columbia
• Ministry of Public Safety and Solicitor General
• Real Estate Council of British Columbia

Manitoba

• Fédération des caisses populaires du Manitoba
• Insurance Council of Manitoba
• La Société d'assurance dépôt des caisses populaires
• Manitoba Securities Commission
• Manitoba Gaming Control Commission
• Manitoba Consumer and Corporate Affairs

New Brunswick

• Fédération des caisses populaires acadiennes
• New Brunswick Credit Union Stabilization Fund
• New Brunswick Securities Administrators Branch (Justice Department)
• Office de stabilisation de la Fédération des caisses populaires acadiennes
• Real Estate Association of New Brunswick

Newfoundland

• Department of Government Services and Lands Newfoundland Credit Union Deposit Guarantee Corporation
• Securities Commission of Newfoundland

Nova Scotia

• Credit Union Central of Nova Scotia
• Nova Scotia Securities Commission
• Department of Justice
• Nova Scotia Alcohol & Gaming Authority
• Nova Scotia Credit Union Deposit Insurance Corporation
• Nova Scotia Environment and Labour (Financial Institutions Division)
• Nova Scotia Real Estate Commission
• Office of the Superintendent of Insurance

North West Territories

• Registrar of Securities - Department of Justice
• Department of Finance - Government of NWT

Nunavut

• Registrar of Securities - Department of Justice

Prince Edward Island

• Attorney General Securities Office

Ontario

• Ontario Securities Commission
• Alcohol and Gaming Commission of Ontario
• Real Estate Council of Ontario (RECO)
• Financial Services Commission of Ontario (FSCO)
• Deposit Insurance Corporation of Ontario
• Canadian Council of Insurance Regulators (CCIR)
• Mutual Fund Dealers Association (MFDA)

Quebec

• Commission des Valeurs Mobilières du Québec (CVMQ)
• Chambre de la Sécurité financière (CSF)
• Régie des alcools, des courses et des jeux
• L'Inspecteur Général des Institutions Financières
• L'Association des Courtiers et Agents Immobiliers du Québec (ACAIQ)
• Bureau des services financiers (BSF)
• Société des Casinos du Québec inc.

Saskatchewan

• Life Insurance Council of Saskatchewan
• Saskatchewan Liquor and Gaming Authority
• Securities Division of the Saskatchewan Financial Services Commission
• Saskatchewan Real Estate Commission
• Credit Union Deposit Guarantee Corporation

Yukon

• Community of Safety Services

National

• Investment Dealers Association (IDA)
• Canadian Real Estate Association (CREA)
• Mutual Funds Dealers Association (MFDA)

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