Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 14 - Minutes of Proceedings
OTTAWA, Thursday, June 1, 2000
(23)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 11:00 a.m. in room 505, Victoria Building, the Chairman, the Honourable E. Leo Kolber, presiding.
Members of the committee present: The Honourable Senators Angus, Fitzpatrick, Furey, Hervieux-Payette, P.C., Kelleher, P.C., Kolber, Kroft, Meighen, Oliver and Tkachuk (10).
Other senator present: The Honourable Senator Wiebe.
In attendance: From the Parliamentary Research Branch, Library of Parliament, Geoff Kieley, Research Officer, Law and Government Division.
Also present: The official reporters of the Senate.
WITNESSES:
From the Department of Finance:
Mr. Charlie Seeto, Director, Financial Sector Policy Branch;
Mr. Richard Lalonde, Chief, Financial Crimes Section, Financial Sector Policy Branch;
Mr. Yvon Carrière, Legislative Senior Counsel, General Legal Services;
Mr. Horst Intscher, Executive Director, Transition Team -- Financial Transactions and Reports Analysis Centre of Canada.
From the Department of Justice:
Mr. Stanley Cohen, Senior Legal Counsel, Human Rights Law Section.
From the Royal Canadian Mounted Police:
Mr. Dave Beer, Superintendent, Proceeds of Crime Branch; and
Mr. Garry Clement, Inspector, Officer in charge, Integrated Proceeds of Crime Section.
Pursuant to the Order of Reference adopted by the Senate on Thursday, May 18, 2000, the committee proceeded to study Bill C-22, An Act to facilitate combatting the laundering of proceeds of crime, to establish the Financial Transactions and Reports Analysis Centre of Canada and to amend and repeal certain Acts in consequence.
Mr. Seeto made an opening statement and then, along with other witnesses, answered questions.
It was moved, -- That documents entitled Financial Action Task Force on Money Laundering -- Annual Report 1998-1999, Financial Action Task Force on Money Laundering -- Report on Money Laundering Typologies 1999-2000 and Financial Action Task Force on Money Laundering -- The Forty Recommendations, presented by Mr. Charlie Seeto, be filed as exhibits with the clerk of the committee (Exhibits 5900 B1/C-22, 14 "1", 5900 B1/C-22, 14 "2" and 5900 B1/C-22, 14 "3").
At 1:15 p.m. the committee adjourned to the call of the Chair.
ATTEST:
Gary Levy
Clerk of the Committee