Finance committee  Every sector has problems, issues, and challenges. It varies from one sector to the next. For instance, I can't say that credit unions have more trouble following the rules simply because we detected a problem at one credit union after conducting an examination. It happens in th

Finance committee  As you know, FINTRAC provides intelligence to law enforcement and national security. It's up to them to do. Many of the investigations are on the predicate offence to money laundering. If we look at StatsCan, there are lots of arrests, lots of charges every year. How many money

Finance committee  First of all, congratulations.

Finance committee  I agree. I think there are certain benefits in information sharing. We've seen it through Project Protect, and the information shared around indicators of crimes related to human trafficking, for example. We've done it with Project Guardian, working with our big banks, credit uni

Finance committee  Mr. Chair, we use just about every possible technique. Certainly, we have a very informative website, so there is a lot of information available on the website. If they are a new entity, there may be more specific outreach to ensure they're aware of where to find the informatio

Finance committee  It still happens, but not as much. In the early days, FINTRAC didn't have any guidelines, indicators, or even an education or information program. Five, six, or seven years ago, we started seeing fewer and fewer of these reports, particularly from the better-informed reporting en

Finance committee  That is a good question. It is difficult to know whether there really is a problem because this is not something that is currently being measured. The association does not report to us. There is no report on this, and we are not doing anything in that area. Based on the availabl

Finance committee  Thank you, Mr. Chair. At FINTRAC, when we do our compliance assessments and when we go out and do exams of our entities, those findings themselves, in terms of what we find within any entity, are not made public. We don't publicly release the findings of our entities. Our law do