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To: scion who wrote (388)	11/16/2006 11:16:44 AM
From: scion	Respond to of 1681

Backgounder: The investigation and prosecution of capital markets fraud in Canada requires an integrated approach to support early detection and timely enforcement. The need to integrate resources and initiate effective intelligence gathering activities for early detection was heightened by corporate scandals in the United States, such as Enron and WorldCom. In 2003, The Government of Canada provided up to $30 million a year over five years to the Royal Canadian Mounted Police (RCMP) and federal partners to detect, investigate and deter capital markets fraud. As a result, nine International Market Enforcement Teams (IMETS) are operational in Canada - three in Toronto and two are located in Vancouver, Montreal and Calgary respectively. The teams consist of police officers, lawyers and other financial investigative experts, such as accountants. The teams are RCMP-led and they work closely with other federal government departments and various securities industry regulatory agencies. Police officers chosen for IMET work are highly qualified financial crime investigators. The RCMP ensures that these investigators receive additional markets-related training, are kept abreast of the latest techniques and legal developments in their field, and are dedicated to the teams for specified periods of time. All teams have a presence in the key financial districts of their cities. The teams have a quick-start capability, allowing them to respond to instances of capital markets fraud anywhere in Canada. rcmp-grc.gc.ca