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Name of Horizontal Initiative: Integrated Market Enforcement Teams (IMET) Program
Name of lead department(s): Public Safety Canada
Lead department program activity: Countering Crime
Start date of the Horizontal Initiative: 2003-04
End date of the Horizontal Initiative: Ongoing
Total federal funding allocation (start to end date): $344,299,000 from 2003-04 through 2013-14 and $40,000,000 ongoing*.
*All numbers includes the employee benefits plans and PWGSC accommodationDescription of the Horizontal Initiative (including funding agreement): The objective of the IMET program is to effectively enforce the law against serious criminal capital market fraud offences in Canada. To achieve this objective, IMET is mandated to investigate serious Criminal Code capital market fraud offences that are of regional or national significance and threaten investor confidence or economic stability in Canada.
Shared outcome(s): Improved Canadian and international investor confidence in the integrity of Canada’s capital markets
Governance structure(s): The IMET Executive Council is composed of senior officials from the Royal Canadian Mounted Police (co-chair), Department of Finance (co-chair), the Office of the Director of Public Prosecutions, Department of Justice and Public Safety Canada who provide strategic oversight for the IMET program.
Planning Highlights: IMET partners will continue to address the recommendations of the Le Pan Report. IMET partners will also discuss the coordination of the enforcement work between the proposed Canadian Securities Regulatory Authority and the IMET program.
Federal Partner Program Activity (PA) | Names of Programs for Federal Partners | Total Allocation (FY 2003-04 to 2013-14) | Planned Spending for 2011–12 |
---|---|---|---|
Countering Crime | IMET |
FY 2003-04 to FY 2007-08: |
$340,658 |
Internal Services | IMET |
FY 2008-09 to 2013-14 : $658,792 (Ongoing: $68,132 per year) |
$68,132 |
Total | $3,827,740 | $408,790 |
Expected Results: Fulfillment of Public Safety Canada's IMET program management responsibilities, including coordinating reporting, evaluations, policy development and research.
Federal Partner Program Activity (PA) | Names of Programs for Federal Partners | Total Allocation (FY 2003-04 to 2013-14) | Planned Spending for 2011–12 |
---|---|---|---|
Federal and International Operations | IMET |
FY 2003-04 to FY 2007-08: FY 2008-09 to FY 2013-14: |
$30,968,817 |
Total | $259,552,827 | $30,968,817 |
Expected Results: Fulfillment of the RCMP's IMET prevention and investigation responsibilities, including the operation of the securities intelligence units (SIUs), investigative teams, headquarters operational support, and program management. IMET will strive to fulfill its mandate to the fullest extent possible based on funding received.
Federal Partner Program Activity (PA) | Names of Programs for Federal Partners | Total Allocation (FY 2008-09 to FY 2013-14) | Planned Spending for 2011–12 |
---|---|---|---|
Regulatory offences and economic crime prosecution program | IMET |
FY 2008-09 to FY 2013-14: $35,120,022 (Ongoing: $5,853,337 per year) |
$5,853,337 |
Total | $35,120,022 | $5,853,337 |
Expected Results: Provision of pre-charged legal advice and litigation support, as well as prosecution of serious capital fraud offences under the Criminal Code in response to the workload generated by the IMETs.
*Prior to the establishment of the Office of the Director of Public Prosecutions (ODPP) in 2006, funding for this program activity was allocated to Justice Canada's Federal Prosecution Service. The amount shown does not include a transfer of $3.75M from Justice Canada to ODPP for FY 2007-08 following the creation of this organization.
Federal Partner Program Activity (PA) | Names of Programs for Federal Partners | Total Allocation (FY 2008-09 to FY 2013-14)* | Planned Spending for 2011–12 |
---|---|---|---|
1. Justice, Policies, Laws and Programs | IMET |
FY 2008-09 to FY 2013-14: |
$2,405,156 |
2. Services to Government | IMET |
FY 2008-09 to FY 2013-14: $1,012,932 (Ongoing: $168,822 per year ) |
$168,822 |
3. Internal Services | IMET |
FY 2008-09 to FY 2013-14: (Ongoing: $22,685 per year) |
$22,685 |
Total |
Total (Ongoing: $2,596,663 per year) |
||
$14,329,978 | $2,596,663 |
*The Department of Justice received a total funding of $26.7M for FY 2003-04 to
2007-08 and this amount takes into account a transfer of $3.75M to ODPP for the FY 2007-2008 following the creation of this organization.
Expected Results: 1. Provincial Attorney General of IMET participating provinces are aware of and able to access the IMET Reserve Fund.
Performance Indicators: number of applications and/or inquiries about the IMET Reserve Fund received; and number of agreements signed and types of eligible expenditures funded.
Targets: All Provincial Attorneys General of IMET participating provinces are aware of the IMET Reserve Fund and the application procedure.
2. The International Assistance Group (IAG) provides legal advice on international assistance requests and coordinates all IMET requests to and from foreign countries. Once a request for mutual legal assistance has been executed, it is the responsibility of the RCMP, not the IAG, to monitor the outcome of the relevant investigation or prosecution for which the evidence was gathered.
3. Program support
Federal Partner Program Activity (PA) | Names of Programs for Federal Partners | Total Allocation (from Start to End Date) | Planned Spending for 2011–12 |
---|---|---|---|
Economic and Fiscal Policy Framework | IMET |
FY 2008-09 to FY 2013-14: |
$172,393 |
Total | $1,044,433 | $172,393 |
Expected Results:
Total Allocation For All Federal Partners (from Start to End Date) | Total Planned Spending for All Federal Partners for 2011–12 |
---|---|
$344,299,000 | $40,000,000 |
Contact information:
Barry MacKillop
Director General
Law Enforcement and Border Strategies
Public Safety Canada
(613) 991-4281