Department of Finance Canada announced that the Government of Canada held the first working meeting of the new Integrated Money Laundering Intelligence Partnership (IMLIP), a forum designed to support the permissible sharing of money laundering and organized crime intelligence between law enforcement and Canada’s big banks, including in connection with fentanyl trafficking. The inaugural meeting was launched by Canada’s Commissioner of Canada’s Fight Against Fentanyl, Kevin Brosseau. IMLIP membership includes Royal Canadian Mounted Police Federal Policing officials and the Chief Anti-Money Laundering Officers of major Canadian financial institutions. Department of Finance Canada and Public Safety Canada are convening the initial meetings, supporting the establishment of a formal governance structure authorized by law and providing policy support; participation does not require disclosure of personal information and does not change participants’ legal or regulatory obligations, including compliance under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act or privacy laws. Canada also plans to use its 2025 G7 Presidency to spotlight illicit finance threats and propose a G7 Finance Ministers call to action addressing criminal activity affecting the financial sector and national security.
Department of Finance (Canada) 2025-02-20
Department of Finance Canada convenes inaugural Integrated Money Laundering Intelligence Partnership to share fentanyl-linked illicit finance intelligence with major banks
The Department of Finance Canada announced the first meeting of the Integrated Money Laundering Intelligence Partnership (IMLIP) to facilitate intelligence sharing between law enforcement and major banks on money laundering and organized crime, including fentanyl trafficking. The initiative involves the Royal Canadian Mounted Police and Chief Anti-Money Laundering Officers, supported by the Department of Finance and Public Safety Canada. Canada plans to leverage its 2025 G7 Presidency to highlight illicit finance threats and propose a G7 Finance Ministers call to action.