Horizontal Initiative 2013-2014

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): $304,299,000 from 2003-04 through 2012-13 and $36,800,000 ongoing*.

*All numbers includes the employee benefits plans 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. The IMET Executive Council provides strategic oversight for the IMET program.

Planning Highlights: IMET partners will continue support to a panel of experts to provide advice and recommendations on practices to enhance the strategic orientation and performance of the IMET program. IMET partners will also work towards performance measurement of the IMET program.

Public Safety Canada

Countering Crime

IMET

FY 2003-04 to
FY 2007-08:
$1,125,000

FY 2008-09 to
FY 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)

$68,132

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

The RCMP's IMET Program continues to be intelligence led and proactive, 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 operation of the securities intelligence units (SIUs), investigative teams, headquarters operational support, and program management.

Office of the Director of Public Prosecutions

Regulatory offences and economic crime prosecution program

IMET

FY 2003-04 to
FY 2007-08:
$3,750,000

FY 2008-09 to
FY 2012-13:
$29,266,685

(Ongoing: $4,353,337)

$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)

$172,053

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:
$861,965

(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)

$304,299,000

$36,803,231

Total Planned Spending for all
Federal Partners for 2013-14

Contact information:
Name: Trevor Bhupsingh
Title: Director General
Law Enforcement and Border Strategies
Public Safety Canada
Telephone: (613) 991-4281
Email: trevor.bhupsingh@ps-sp.gc.ca