The duties of the CADFIRA Department, inter alia, include:

• The monitoring, evaluation and supervision of the implementation of the provisions of the Law and the Directive by the Regulated Entities.
• The supervision of the Regulated Entities with their continuous obligations through onsite and offsite inspections, for the purpose of assessing the adequacy and effectiveness of the measures and procedures applied.
• The participation in the “Advisory Authority for Combating Money Laundering” which is established under section 56 of the Law.
• The participation in committees composed of representatives of other relevant supervisory authorities in Canada and abroad, for the prevention of money laundering and terrorist financing.
• The participation in the evaluations conducted by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism
• The drafting and publication of Directives, Guidelines and Circulars in accordance with the legislation governing the operation of the Regulated Entities.
• The educating of Regulated Entities on the prevention of money laundering activities and terrorist financing.