Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 2 - Minutes of Proceedings
OTTAWA, Wednesday, May 10, 2006
(3)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met in camera at 4:20 p.m., this day, in room 505, Victoria Building, the Chair, the Honourable Jerahmiel S. Grafstein, Q.C. presiding.
Members of the committee present: The Honourable Senators Angus, Eyton, Fitzpatrick, Goldstein, Grafstein, Hervieux-Payette, P.C., Meighen, Moore and Tkachuk (9).
In attendance: June Dewetering and Sheena Starky, Research Officers, Library of Parliament.
Pursuant to the Order of Reference adopted by the Senate on May 2, 2006, the committee began its consideration of a draft report pertaining to the consumer issues arising in the financial services sector.
It was agreed to adopt the recommendations as corrected in the report entitled ``Consumer protection in the financial services sector: The Unfinished Agenda.''
It was agreed that, for the body of the report, members send their comments to the research team and that these comments be incorporated in the report for a final view by the committee at a later date.
At 6:10 p.m., the committee adjourned to the call of the chair.
ATTEST:
OTTAWA, Wednesday, May 17, 2006
(4)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met at 4:05 p.m., this day, in room 9, Victoria Building, the Deputy Chair, the Honourable W. David Angus, presiding.
Members of the committee present: The Honourable Senators Angus, Biron, Eyton, Fitzpatrick, Goldstein, Harb, Hervieux-Payette, P.C., Massicotte, Meighen, Moore and Tkachuk (11).
Other senator present: Senator Baker, C.P. (1).
In attendance: Philippe Bergevin, June Dewetering and Sheena Starky, Research Officers, Library of Parliament.
Also in attendance: The official reporters of the Senate.
Pursuant to the Order of Reference adopted by the Senate on May 16, 2006, the committee began its review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (S.C. 2000, c. 17) pursuant to section 72 of the said act.
WITNESSES:
Department of Finance Canada:
Diane Lafleur, Director, Policy Sector Policy Branch;
Lynn Hemmings, Senior Project Leader, Financial Crimes — Domestic;
Dan Hermosa, Legal Counsel, Law Branch;
Yvon Carrière, Senior Counsel, Financial Transactions and Reports Analysis Centre of Canada.
Department of Justice Canada:
Stanley Cohen, Senior General Counsel, Human Rights Law Section;
Paul Saint-Denis, Senior Counsel, Criminal Law Policy Section;
Daniel Murphy, Senior Counsel, Strategic Operations Section, Federal Prosecution Service.
Public Safety and Emergency Preparedness Canada:
Christine Miles, Director General, Law Enforcement and Borders Strategy;
Jamie Deacon, Director General, National Security Policy.
At 4:05 p.m., Ms Lafleur made a statement and together with the other witnesses answered questions.
At 5:15 p.m., Ms Miles made a statement and together with the other witnesses answered questions.
At 6:15 p.m., the committee adjourned to the call of the chair.
ATTEST:
OTTAWA, Thursday, May 18, 2006
(5)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met at 10:45 a.m., this day, in room 9, Victoria Building, the Deputy Chair, the Honourable W. David Angus, presiding.
Members of the committee present: The Honourable Senators Angus, Biron, Campbell, Di Nino, Eyton, Goldstein, Harb, Hervieux-Payette, P.C., Massicotte, Moore and Tkachuk (11).
Other senators present: Baker, P.C. and Oliver (2).
In attendance: Philippe Bergevin, June Dewetering and Sheena Starky, Research Officers, Library of Parliament.
Also in attendance: The official reporters of the Senate.
Pursuant to the Ordre of Reference adopted by the Senate on May 16, 2006, the committee continued its review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (S.C. 2000, c. 17) pursuant to section 72 of the said act.
WITNESSES:
Office of the Superintendant of Financial Institutions Canada:
Nick Burbidge, Senior Director, Compliance Division;
Keith Martin, Director, Compliance Division;
Alain Prévost, General Counsel.
Financial Transactions and Reports Analysis Centre of Canada:
Sandra Wing, Senior Deputy Director;
Yvon Carrière, Senior Counsel.
Royal Canadian Mounted Police:
Pierre-Yves Bourduas, Deputy Commissioner, Federal Services and Central Region.
Canada Border Services Agency:
Maureen Tracy, Director General, Enforcement Programs Directorate, Enforcement Branch.
At 10:15 a.m., Ms Wing and Mr. Burbidge made statements and together with the other witnesses answered questions.
At 12:15 p.m., Mr. Bourduas and Ms Tracy made statements and answered questions.
At 1:25 p.m., the committee adjourned to the call of the chair.
ATTEST:
Line Gravel
Clerk of the Committee