1.866.877.3600 info@apriinc.com

FINTRAC Policy

What Is FINTRAC

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Canada’s financial intelligence unit, was created in 2000. It is an independent agency, reporting to the Minister of Finance, who is accountable to Parliament for the activities of the Centre. It was established and operates within the ambit of the Proceeds of Crime (money Laundering) and Terrorist Financing Act (PCMLTFA) and its Regulations.

The objective of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) is to help detect and deter money laundering and the financing of terrorist activities. It is also to facilitate investigations and prosecutions of money laundering and terrorist activity financing offences. This includes reporting, record keeping, client identification and compliance regime requirements for individuals and entities.

FINTRAC’s mandate is to facilitate the detection, prevention and deterrence of money laundering and terrorist activity financing, while ensuring the protection of personal information under its control. The Centre fulfills its mandate through the following activities:

  • Receiving financial transaction reports in accordance with the legislation and regulations and safeguarding personal information under its control.
  • Ensuring compliance of reporting entities with the legislation and regulations.
  • Producing financial intelligence on suspected money laundering, terrorist activity financing and other threats to the security of Canada.
  • Researching and analyzing data from a variety of information sources that shed light on trends and patterns in financial crime.
  • Enhancing public awareness and understanding of money laundering and terrorist activity financing.

Website Contact Information

Apri Insurance adheres to all FINTRAC Policies and Procedures. All staff are trained to meet standards.

All questions and inquires should be forwarded to Apri’s compliance officer:

Robert Evdokimenko, B.A., EPC, GBA
Senior Vice-President
Phone: 604.605.3662
E-mail: robert.evdokimenko@apriinc.com