Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 16 - Sixth Report of the Committee
Thursday, June 15, 2000
The Standing Senate Committee on Banking, Trade and Commerce has the honour to present its
SIXTH REPORT
Your Committee, to which was referred the 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, has examined the said Bill in obedience to its Order of Reference dated Thursday, May 18, 2000, and now reports the same without amendment, but with a letter and observations, which are appended to this report.
Respectfully submitted,
E. LEO KOLBER
Chairman
APPENDIX
OBSERVATIONS ON BILL C-22
In addition to the Minister's letter dated June 14, herein attached, setting out an undertaking to propose amendments, the Committee recommends that the government give consideration to three additional amendments generally in accordance with the language immediately following:
1. that clause 63 be amended by adding the phrase "law office" in any place a "dwelling-house" is referred to in order to ensure that solicitor-client privilege is protected;
2. that clause 72 be amended by changing the review requirement from 5 years to 3 years; in addition, the committee would like to see a review take place every 5 years thereafter;
3. that in clause 73, the committee believes that the regulations, in addition to being published in the Canada Gazette 90 days before they come into force, should also be tabled before a committee in each house of Parliament that has the expertise to deal with such matters.