Money laundering is a serious crime that affects Canadians' safety, security and quality of life. It is a process used to disguise the source of money or assets that come from illegal means. Criminal organizations rely on laundered funds to feed other activities like corruption, fraud, human trafficking, and trade in drugs and firearms. It also poses a threat to the integrity and stability of the global financial system and the broader economy.
This is a complex and rapidly evolving problem, which the Government of Canada takes very seriously. Since 2019 the Government has provided $319.9 million and $48.8 million ongoing to strengthen the Anti-Money Laundering and Terrorist Financing Regime. Key investment areas include:
- modernization of anti-money laundering laws
- strengthening of inter-agency cooperation and information sharing, and
- equipping law enforcement with tools and expertise to support investigations
The Financial Crime Coordination Centre (FC3)
The Financial Crime Coordination Centre (FC3) is a five-year pilot initiative led by Public Safety Canada. In 2019, the Government provided $24 million for its creation. It is an important part of the Government's efforts to strengthen inter-agency collaboration and capacity-building. FC3 brings together anti-money laundering professionals from across jurisdictions and coordinates support through:
- training and expertise development;
- analysis of emerging money laundering threats and responses;
- legislative and policy initiatives;
- knowledge sharing on enforcement tools and resources; and
- providing partner support and best-practice resources.
FC3 Knowledge Hub Portal
FC3's Knowledge Hub is an online, access-restricted collaboration space that serves professionals at all levels of government who deal with money laundering and other financial crimes, particularly those in investigative or enforcement roles. The portal connects members to key resources and raises awareness of anti-money laundering efforts across Canada. It also provides practical information to help investigators, prosecutors, and other professionals in their work.
Existing User Access
FC3’s annual Spin Cycle conference brings together investigators, prosecutors and other financial crime experts from across Canada to discuss emerging issues, best practices and innovative solutions.
Scheduling details for the 2024 event will be made available late-2023.
The second annual event in March 2023 brought together more than 1,100 participants and featured more than 18 sessions on topics informed by the AML community. Key themes included: asset recovery, the implications of the Commission of Inquiry into Money Laundering in British Columbia, information sharing, and Canada’s upcoming PCMLTFA Parliamentary Review. Learn more.
Report Suspected Financial Crimes
The Financial Crime Coordination Centre (FC3) serves Canadian anti-money laundering professionals and is not an investigative unit. To report suspected financial crimes refer to the resources below.
To report suspected incidents of money laundering, submit relevant information to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
To report fraud-related concerns, please submit relevant information to the Canadian Anti-Fraud Centre (CAFC).
To report suspected tax or benefit cheating in Canada, you can submit relevant information to the Canada Revenue Agency (CRA) Leads Program.
To report any other financial crimes, please contact your local Royal Canadian Mounted Police (RCMP) detachment or to your police of jurisdiction.
If you are a member of the anti-money laundering community in Canada and would like to connect with the FC3 on their ongoing initiatives, please contact us.
Anti-Money Laundering News and Reports
- Strengthening Canada’s response to financial crime
- Financial Crime Coordination Centre Co-leads Financial Action Task Force Report on Money Laundering from Synthetic Opioids
- Strengthening Canada's anti-money laundering regime through collaboration and capacity building
- RCMP Integrated Money Laundering Investigative Team charge Money Services Business owner
- RCMP teams set to battle money laundering
- Government of Canada invests $98.9M over five years to modernize the RCMP and strengthen its foundations to help fight money laundering and identify proceeds of crime
- Government of Canada Leads National Response to Money Laundering and Terrorist Financing
- Consultation on Strengthening Corporate Beneficial Ownership Transparency in Canada: What We Heard
- Consultation on Reviewing Canada's Anti-Money Laundering and Anti-Terrorist Financing Regime
- FINTRAC Operational Alerts
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