Horizontal Initiative
| Name of Horizontal Initiative: Integrated Market Enforcement Teams (IMET) Program | ||||||
| Name of lead department: Public Safety Canada | ||||||
| Lead department program activity: Countering Crime | ||||||
| Start date: 2003-04 | End date: Ongoing | |||||
| Total federal funding allocation (start to end date): $302,599,000 from 2003-04 through 2012-13 and $36,800,000 ongoing.
All numbers includes the employee benefits plans and PWGSC accommodation costs. |
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| Initiative description (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. |
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| Shared outcome: Improved Canadian and international investor confidence in the integrity of Canada's capital markets. | ||||||
| Governance structure: 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: An examination of enforcement models is being undertaken to improve and enhance the efficiency and effectiveness of investigations and prosecutions to address serious and complex fraud that occurs in Canada's capital markets. An evaluation of the IMET program is scheduled to occur in 2014-15. | ||||||
| Federal Partner | Federal Partner Program Activity | Names of Programs for Federal Partners | Total Allocation (from start to end date) |
Planned Spending 2014-15 |
Expected Result for 2014-15 | |
|---|---|---|---|---|---|---|
| Public Safety Canada | Countering Crime | IMET |
FY 2003-04 to FY 2007-08: $1,125,000
FY 2008-09 to 2012-13: 1,703,290 (Ongoing: $340,658) |
$340,658 | Fulfillment of Public Safety Canada's IMET program management responsibilities, including coordinating reporting, evaluations, policy development and research. | |
| Internal Services | IMET | FY 2008-09 to FY 2012-13: $590,660 (Ongoing: $68,132) |
$198,132 | The variance in the planned spending can be explained by the cost of the program evaluation. | ||
| Royal Canadian Mounted Police | Federal and International Operations | IMET |
FY 2003-04 to FY 2007-08: $74,000,000
FY 2008-09 to FY 2012-13: $154,584,010 (Ongoing: $30,968,817) |
$30,968,817Footnote 1 | The RCMP's IMET Program continues to be intelligence led, pro-active and strives to fulfill its mandate to the fullest extent possible based on funding received. It will perform its prevention and investigation responsibilities, including the operations of coordinated securities intelligence units (SIU's), investigative teams and headquarters support, by leveraging pooled resources at the Division and National levels. | |
| Office of the Director of Public Prosecutions | Regulatory offences and economic crime prosecution program | IMET |
FY 2003-04 to FY 2007-08: $3,750,000Footnote 2
FY 2008-09 to FY 2012-13: $29,266,685 (Ongoing: $4,353,337Footnote 3) |
$4,353,337 | Provision of pre-charge legal advice and litigation support, as well as prosecution of serious capital market fraud offences under the Criminal Code in response to the workload generated by the IMETs. | |
| Department of Justice | Justice, Policies, Laws and Programs | IMET |
FY 2003-04 to FY 2007-08: $26,674,000
FY 2008-09 to FY 2012-13: $9,075,780 (Ongoing: $705,156) |
$705,156 | Market fraud cases are effectively prosecuted in order to maintain confidence in Canadian capital markets. | |
| Services to Government | IMET |
FY 2008-09 to FY 2012-13: $844,110
(Ongoing: $168,822) |
$193,068 | 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. The variance in the planned spending can be explained by an increase in salary and related pay benefits. | ||
| Internal Services |
FY 2008-09 to FY 2012-13: $113,425
(Ongoing: $22,685) |
$22,685 | ||||
| Finance Canada | Economic and Fiscal Policy Framework | IMET |
FY 2008-09 to FY 2012-13: $872,040
(Ongoing: $172,393) |
$172,393 | As Co-Chair of the IMET Executive Council and the Interdepartmental Working Group, Finance Canada is to provide strategic direction to the IMET program that reflects the Government of Canada's broader capital markets agenda. Finance Canada is to provide leadership in engaging external stakeholders in efforts to enhance program performance, including opportunities to strengthen the continuum of enforcement. | |
| Total Allocation for all Federal Partners (from 2003-04 to 2012-13 and ongoing) |
$302,599,000 (Ongoing: $36,800,000) |
$36,954,246 | Total Planned Spending for all Federal Partners for 2014-15 | |||
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Contact information: Name: Trevor Bhupsingh |
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- 1
Under the new model for delivery of the RCMP's Federal Policing mandate, the resources allocated to perform Integrated Market Enforcement Teams (IMET) activities are being delivered through more broadly based teams as described in the Expected Results section and as such reporting requirements for horizontal initiatives poses a challenge. For FY 2014-15 actual expenditures for this horizontal initiative will be based on a range of expenditure data captured within corporate and operational systems and tools including: SAP, the operational prioritization matrix, operational plans, etc. In addition, the RCMP is in the process of amending its Program Alignment Architecture (PAA) and Performance Measurement Framework (PMF) to reflect the new Federal Policing service delivery model. Efforts are also underway to implement an enterprise-wide Business Intelligence solution that will support and enhance Federal Policing's reporting capabilities in the future, including the manner by which Federal Policing reports on horizontal initiatives.
- 2
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.
- 3
The $1.5M decrease in ongoing funding is due to a Strategic Review decision effective in 2013-14 and ongoing.
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