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:2012-13 and Ongoing
Total federal funding allocation (start to end date):$302,599,000 from 2003-04 through 2012-13 and $36,800,000 ongoing**All numbers include the employee benefits plans (EBP) and PWGSC accommodation costs.
Initiative description (including funding agreement): The objective of the IMET program is to effectively enforce the law against serious criminal capital market fraud offences in Canada. To achieve this objective, IMET is mandated to investigate serious Criminal Code capital market fraud offences that are of regional or national significance and threaten investor confidence or economic stability in Canada.
Shared outcome: Improved Canadian and international investor confidence in the integrity of Canada’s capital markets.
Governance structure: The IMET Executive Council is composed of senior officials from the Royal Canadian Mounted Police (co-chair), Department of Finance (co-chair), the Office of the Director of Public Prosecutions, Department of Justice and Public Safety Canada who provide strategic oversight for the IMET program.
Performance Highlights: All necessary foundational work was completed to establish a Ministerial Expert Panel that will provide advice and recommendations on practices to enhance the strategic orientation and performance of the IMET program. The RCMP has undertaken a greater number of intelligence led, proactive investigative initiatives within each investigative IMET unit.
|Federal Partners||PAA Programs||Contributing activities/
|Total Allocation (from start date
to end date)
|2012-13 ($ dollars)|
|Planned spending||Actual spending||Expected results||Contributing activity/
program results (using specific indicators)
|Public Safety Canada||Countering Crime||IMET||2003-04 to FY 2007-08: $1,125,000 FY 2008-09 to FY 2012-13: $1,703,290 Ongoing: $340,658||$340,658||$248,106||Fulfillment of Public Safety Canada's IMET program management responsibilities, including coordination, reporting, evaluations, policy development and research||Public Safety Canada coordinated developmental work to establish a panel of experts to provide advice and recommendations on practices to enhance the strategic orientation and performance of the IMET program.
Public Safety Canada fully participated in IMET Executive Council and the IMET working group.
|Internal Services||IMET||FY 2008-09 to FY 2012-13: $590,660 Ongoing: $68,132||$68,132||$68,132||Provision of program support||Supported the work of the program by providing key corporate services.|
|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||$30,968,817||$23,695,032||RCMP's IMET will strive to be intelligence-led and fulfill its mandate to the fullest extent possible based on funding received. It will perform its prevention and investigation responsibilities, including the operation of the securities intelligence units (SIUs), investigative teams, headquarters operational support, and program management.||The IMET Program has maintained its' focus on proactive policing by undertaking a greater number of intelligence led, proactive investigative initiatives within each investigative unit. In furtherance of the IMET Program intelligence model development, the Capital Market Integrated Intelligence Assessment Report had been completed. The SIU's “Meet the Street” initiative has continued to develop resulting in over 50 separate IMET presentations to compliance professionals from investment dealers and pension funds as well as to University MBA faculty /students and the legal community. IMET personnel have hosted “Industry Roundtable” meetings with senior pension fund compliance officers and investment dealers in Toronto.|
|Office of the Director of Public Prosecutions (ODPP)||Regulatory offences and economic crime prosecution program||IMET||FY 2003-04 to FY 2007-08: $3,750,000 1 FY 2008-09 to FY 2012-13: $29,266,685 Ongoing: $4,353,337 2||$5,853,337||$2,263,012||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.||Over the course of 2012-13, the ODPP dedicated a total of 12,061 hours to IMET related activities, including the provision of legal advice and litigation support, prosecution services as well as management and administrative support.
ODPP counsel participated in two significant IMET - related prosecutions – one in Montreal and one in Halifax.
|Department of Justice (DOJ)||Justice, Policies, Laws and Programs||IMET||FY 2003-04 to FY 2007-08: $26,674,000 1 FY 2008-09 to 2012-13: $9,075,780 3 Ongoing: $705,156 3||$2,405,156 3||$120,525||Market fraud cases are effectively prosecuted in order to maintain confidence in Canadian capital markets.||The object of the IMETs Reserve Fund is to assist Provincial Attorneys General by defraying certain prosecution related costs arising from IMET investigations. In 2012-13, one application for funding was received and approved.|
|Services to Government||IMET||FY 2008-09 to 2012-13:
$844,110 Ongoing: $168,822
|$168,822||$171,570||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 (MLA) 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 International Assistance Group (IAG) provided legal advice on international assistance requests and coordinated all IMET requests to and from foreign countries, including:
|Internal Services||IMET||FY 2008-09 to 2012-13:
$113,425 Ongoing: $22,685
|$22,685||$22,685||Support the needs or the program through related activities and resources.||N/A|
|Finance Canada||Economic and Fiscal Policy Framework||IMET||FY 2008-09 to 2012-13:
$872,040 Ongoing: $172,393
|$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.||Through its role as Co-Chair of the IMET Executive Council and Working Group, Finance Canada provided leadership and strategic direction to the IMET program.|
**The total allocation indicated in this Departmental Performance Report (DPR) differs from the figures presented in the 2012-13 Report on Plans and Priorities (RPP). The total allocation amounts in the 2012-13 DPR are the correct figures and are to be considered official.
|Results achieved by non-federal partners (if applicable): N/A|
Name: Trevor Bhupsingh
Title: Director General, Law Enforcement and Border Strategies, Public Safety Canada
Telephone: (613) 991-4281
1 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 Prosecutions 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.
2 The $1.5M decrease in ongoing funding is due to a strategic review decision effective in 2013-14 and ongoing.
3 The decrease in Total Allocation FY 2008-09 to 2012-13 and ongoing funding is due to a strategic review decision effective in 2012-13 and ongoing. The strategic review decision was not applicable at the time of the preparation of the 2012-13 Report on Plans and Priorities (RPP).
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