Yes, FINTRAC is a separate agency. We act at arm's length because we are receiving a massive amount of data from financial reporting entities.
When we collect that data, it remains with FINTRAC. We do the analysis. We analyze if there are trends, if there are commonalities, if we have any suspicions from the reports. We amalgamate it together through analysis, and if it gives us an indication that there might be a crime, or something that could happen, then we share it with our disclosure recipients.
Our disclosure recipients then become responsible to investigate and follow the reports we've sent to them. The financial crimes agency will be an investigative body, as far as I understand.
