Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 16 - Minutes of Proceedings
OTTAWA, Wednesday, June 14, 2000
(26)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 3:45 p.m. in Room 505, Victoria Building, the Chairman, the Honourable E. Leo Kolber, presiding.
Members of the committee present: The Honourable Senators Angus, Cordy, Fitzpatrick, Hervieux-Payette, P.C., Kelleher, P.C., Kolber, Kroft, Meighen, Oliver, Poulin, Robichaud, P.C., (Saint-Louis-de-Kent), Tkachuk and Wiebe (13).
Other senators present: The Honourable Senators Banks and Grafstein (2).
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.
APPEARING:
Mr. Roy Cullen, M.P., Parliamentary Secretary to the Minister of Finance.
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.
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. (See Issue No. 14, June 1, 2000, for the full text of the Order of Reference.)
Mr. Cullen made an opening statement and then, along with other witnesses answered questions.
At 5:45 p.m. the committee recessed.
At 6:00 p.m. the committee resumed.
It was agreed, -- That Bill C-22 be adopted and reported to the Senate without amendment but with a letter and observations.
It was moved by the Honourable Senator Angus, -- That charts prepared by Department of Finance on International Comparisons of Anti-Money Laundering Regimes be printed as an appendix to this day's Minutes of Proceedings (see Appendix 5900 B1/C-22, 16 "1").
At 7:00 p.m. the committee adjourned to the call of the Chair.
ATTEST:
Gary Levy
Clerk of the Committee