Yesterday, the Government of Canada convened the first working meeting of the new Integrated Money Laundering Intelligence Partnership (IMLIP). This new partnership will support the permissible sharing of money laundering and organized crime intelligence between law enforcement and Canada's big banks. Canada's newly appointed Commissioner of Canada's Fight Against Fentanyl, Kevin Brosseau, launched the inaugural meeting and gave opening remarks.
As first announced in the 2024 Fall Economic Statement, this partnership will bolster Canada's response to organized crime and high-end money laundering schemes, including related to fentanyl trafficking. The partnership will also help facilitate strong working relationships between law enforcement agencies and the financial services sector, to establish a greater understanding of money laundering threats that face Canada.
Membership includes RCMP Federal Policing program officials and the Chief Anti-Money Laundering Officers of major Canadian financial institutions. The Department of Finance Canada and Public Safety Canada are the convenors of the initial partnership meetings, assisting in setting up a formalized governance structure authorized by law, and providing policy support.
Participation in the IMLIP does not require disclosure of personal information by any participant, nor does it affect their ongoing legal or regulatory obligations, including any relevant compliance under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) or any privacy laws.
Canada also intends to use its 2025 G7 Presidency to highlight the threats from illicit finance and propose the development of a call to action by the G7 Finance Ministers to address criminal activity that impacts the financial sector and national security.
