Terrorist Financing and Financial Investigation

Terrorist organizations require finances and resources to recruit and train members, to distribute propaganda and to carry out their attacks. Every dollar denied to terrorists makes these actions more difficult and thus less likely to happen.

The economics of terrorism are complex. Terrorist funding is often transnational, and may involve many different players using a variety of techniques in order to achieve their desired goals. In order to counter such activity, counter-terrorism authorities need to work together. CSIS enjoys excellent relationships with domestic partners such as the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the Royal Canadian Mounted Police (RCMP), the Canada Revenue Agency (CRA) as well as international partners.

When terrorist groups emerge, Canada can formally declare them as such and list the group as a terrorist entity under the Criminal Code of Canada. Once designated as a terrorist entity, the group’s assets in Canada are frozen and any financial and material support to such designated entities constitutes a criminal offence. By partnering with other agencies and institutions, CSIS helps to maintain the efficiency and integrity of Canada’s financial system, while at the same time remaining vigilant against any forms of terrorist financing or support.

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