Financial Crime World

RCMP Cracks Down on Financial Crimes: Prevention Measures in Action

The Royal Canadian Mounted Police (RCMP) is taking a strong stand against the growing threat of financial crimes in Canada. Here’s how the RCMP is preventing and investigating economic offenses:

Collaborative Approach to Financial Crime Investigations

Financial crime investigators work closely with the Federal Serious and Organized Crime (FSOC) division to enhance investigations and pursue financial aspects of cases from the beginning. One of the RCMP’s newer initiatives, the Financial Crime Coordination Center (FC3), launched in 2019, brings together experts from intelligence and law enforcement agencies to tackle significant financial crime threats.

Teams Tackling Economic Crimes

The RCMP’s efforts to combat economic crimes include:

  • Financial Crime Coordination Center (FC3): A center bringing together experts from intelligence and law enforcement agencies to tackle significant financial crime threats.
  • Integrated Market Enforcement Teams (IMETs): IMETs investigate criminals using capital markets to harm Canadians’ economic interests. Members include officers from various departments, securities regulators, and local law enforcement agencies.

RCMP’s International Partnerships

The RCMP is also involved in the following organizations to combat money laundering, terrorist financing, and other financial threats:

  • Financial Action Task Force (FATF): An international organization that sets standards to combat money laundering, terrorist financing, and other financial threats.
  • International Anti-Corruption Coordination Centre (IACCC): This center supports law enforcement agencies in investigating crimes of grand corruption and collaborating with partners around the world.

Prevention through Education and Awareness

The RCMP’s preventative measures extend beyond its teams:

  • Public-Private Partnerships: The RCMP partners with the public and private sectors to raise awareness and provide resources to protect individuals and their assets.
  • Education and Resources: The RCMP empowers individuals with the knowledge and tools to protect themselves from financial harm.

Adapting to the Changing Landscape of Financial Crimes

As financial crimes continue to evolve, the RCMP remains dedicated to adapting its strategies and methods to address these complex issues and safeguard the people and economy of Canada.