Toronto – 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.
“In order to be effective in addressing complex criminal activities such as money laundering, including those associated to lethal drugs like fentanyl, collaboration between the financial sector and law enforcement is key. This new partnership will play a vital role in helping detect, disrupt and prevent money laundering and organized crime activities.” – Dominic LeBlanc,
Minister of Finance and Intergovernmental Affairs
“One of the most effective ways we can tackle the illegal fentanyl trade and strengthen our border, is to follow the money. This new partnership will help identify and enable law enforcement to cut off illicit financial proceeds that fuel organized crime in this country, and work to dismantle the organizations that profit from illegal drugs.” – David McGuinty, Minister of Public Safety
“Money laundering is a global problem that threatens Canada’s economy and national interests. To help combat this issue, the RCMP recognizes the importance of working with a wide array of partners to identify opportunities for disruption, and dismantle the organized crime groups involved. These partnerships will work to enhance our collective efforts and reduce the impact to Canadians.” – RCMP Commissioner Mike Duheme