Horizontal Initiative: Integrated Market Enforcement Teams (IMET) Program

Name of Horizontal Initiative:

Integrated Market Enforcement Teams (IMET) Program

Name of lead department:

Public Safety Canada

Federal partner organizations:

Royal Canadian Mounted Police (RCMP), Office of the Director of Public Prosecutions (ODPP), Department of Justice and Finance Canada

Non-federal and non-governmental partner(s):

Not applicable

Start date:

2003-04, 2008-09 (renewed)

End date:

2012-13 and Ongoing

Total federal funding allocation (start to end date):

$302,599,000 from 2003-04 through 2012-13 and $31,741,440 ongoing*
*All financial figures include employee benefits plans (EBP) and PWGSC accommodation costs.

Funding contributed by non-federal and non-governmental partners:

Not applicable

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 RCMP (co-chair), Department of Finance (co-chair), ODPP, 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 Ministerial Expert Panel on practices to enhance the strategic orientation and performance of the IMET program.
The RCMP will continue to pursue the objective of enforcing the law against serious criminal capital market fraud through enforcement actions within the Federal Policing Program. Achieving this objective will be realized through the adoption of a “new” integrated enforcement model that better supports the objective of the initiative by integrating and improving collaboration with key enforcement partner agencies (e.g. Provincial Securities Commissions and other law enforcement agencies). Specifically, this new model will improve the ability of enforcement agencies to gather intelligence, investigate and prosecute capital market offences. Additionally, prevention (for instance, business community outreach initiatives to inform them of the role of IMET) and disruption activities will be pursued through the enhanced integrated intelligence function of the model. Within the context of the model, the RCMP will continue to pursue the closure of legacy files and timely conclusion of on-going investigations.

Results to be achieved by non-federal and non-governmental partners:

Not applicable

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

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

Provision of program support.

Royal Canadian Mounted Police (RCMP)

Police Operations

Federal Policing Project-Based Investigations

FY 2003-04 to
FY 2007-08:
$74,000,000

FY 2008-09 to
FY 2012-13:
$135,164,063

(Ongoing:
FY 2013-14: $27,230,492
FY 2014-15: $27,230,492
FY 2015-16: $22,507,286)

$22,507,286Footnote 1

The RCMP expects to implement components of the new integrated model with key partner agencies during the course of fiscal year 2015-16.  It is anticipated that a greater number of integrated investigative and intelligence activities will be initiated during this reporting period.

Internal Services

FY 2008-09 to
FY 2012-13:
$19,419,947

(Ongoing:
FY 2013-14: $3,738,325
FY 2014-15: $3,738,325
FY 2015-16: $3,402,971)

$3,402,971

Provision of program support.

Office of the Director of Public Prosecutions (ODPP)

Regulatory offences and economic crime prosecution program

IMET

FY 2003-04 to
FY 2007-08:
$3,750,000Footnote 2

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

(Ongoing: $4,353,337)

$4,353,337

Provision of pre-charge legal advice and assistance 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

Stewardship of the Canadian Legal Framework

IMET

FY 2003-04 to
FY 2007-08:
$26,674,000Footnote 2

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.

Legal Services to Government Program

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

Provision of program support.

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 (from start to end date) for all Federal Partners

$302,599,000

(Ongoing:
$31,741,440)

$31,765,686

Total Planned Spending for all
Federal Partners for 2015-16