Combatting financial crime
To combat financial crime, we:
- Investigate reports of laundered money
- Identify and seize profits and/or assets acquired from illegal activities
- Record financial information about organized crime groups
- Help other agencies with their investigations upon their request
- Investigate reports of serious fraud and corruption
- Work closely with our governmental partners, stakeholders and representatives of other law enforcement agencies at the national and international level
The best way to combat economic crime is through prevention. Public awareness is an important tool in preventing the victimization of Canadians. The RCMP, in partnership with the public and private sectors, is committed to educating the public on ways to protect themselves from economic crimes.
Learn more below.
On this page
Federal Serious and Organized Crime
Financial crime investigators partner with Federal Serious and Organized Crime (FSOC) to enhance investigations and ensure the financial components of an investigation are pursued from the onset.
Financial Crime Coordination Center
The Financial Crime Coordination Center (FC3), previously known as the Anti-Money Laundering Action, Coordination, and Enforcment (ACE) Team, was introduced by the Canadian government in 2019. The team will bring together experts from across intelligence and law enforcement agencies to identify and address significant financial crime threats. It will exist as a pilot program for five years.
Integrated Market Enforcement Teams
Integrated Market Enforcement Teams (IMETs) are led by the RCMP and investigate criminals using capital markets to harm the economic interests of Canadians. Police officers, lawyers and other investigative experts make up IMETs.
Officers chosen for IMET deployment are highly qualified financial investigators. They receive extra market-related training and stay informed with the latest techniques and legal developments in their field.
Teams are located in British Columbia, Alberta, Ontario and Quebec, but investigate across the country. IMET partners include:
- Finance Canada
- Justice Canada
- Public Prosecution Service Canada
- Public Safety Canada
- Members from securities regulators
- Members from Forensic Accounting Management Group
- Members from law enforcement agencies of local jurisdictions
- Representatives of other federal enforcement agencies
Police of jurisdiction
In parts of the country where the RCMP does not have primary jurisdiction for policing, the municipal or provincial services enforce Criminal Code offences. Some provincial, regional and municipal police services may have dedicated financial crime resources mandated to combat financial crime.
Initiatives and taskforces
Financial Action Task Force
Canada is a member of the Financial Action Task Force (FATF). The FATF sets standards and promotes the implementation of measures to combat:
- Money laundering
- Terrorist financing
- Other threats to the international financial system
International Anti-Corruption Coordination Centre
The International Anti-Corruption Coordination Centre (IACCC) supports law enforcement agencies investigations into crimes of grand corruption.
The function of the IACCC is to:
- Inform - which organizations and initiatives can offer assistance
- Assist - with practical actions and advice
- Collect - information to form a single picture of grand corruption
- Coordinate - an effective global law enforcement response
- Collaborate - by creating a constructive, cooperative and agreed approach
Visit the pages below to learn more about the IACCC and access the informational leaflet:
International Foreign Bribery Taskforce
The International Foreign Bribery Taskforce (IFBT) fights trans-border foreign bribery. The IFBT helps law enforcement partners share information and best practices placing these countries in a better position to investigate economic crimes.
The RCMP is a member of the IFBT, along with:
- Federal Bureau of Investigation (FBI)
- Australian Federal Police
- United Kingdom National Crime Agency
- New Zealand Serious Fraud Organization
National Initiative to Combat Money Laundering (Anti-Terrorist Financing)
From this initiative came the creation of:
- The Proceeds of Crime (Money Laundering) and Terrorist Financing Act which facilitates combatting the laundering of proceeds of crime and combatting the financing of terrorist activities. It also established the Financial Transactions and Reports Analysis Centre of Canada.
- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) which receives, analyses, assesses and discloses financial intelligence on suspected money laundering, terrorist financing and threats to the security of Canada.
Organisation for Economic Co-operation and Development
The Organisation for Economic Co-operation and Development (OECD) is an international organization that works to shape policies that foster:
Through OECD standards, programmes and initiatives, member countries help drive reform in 100+ countries around the world. Canada is one of many members of the OECD.
The RCMP works collaboratively with partner agencies to dismantle organized crime groups. Learn more about our partners and what services they offer:
- Canada Border Services Agency
- Canada Revenue Agency
- Canadian Security Intelligence Service
- Finance Canada
- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
- Justice Canada
- Office of the Superintendent of Financial Institutions
- Public Prosecution Service of Canada
- Public Safety Canada
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