Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 5 - Sixth Report of the Committee
Thursday, June 22, 2006
The Standing Senate Committee on Banking Trade and Commerce has the honour to present its
SIXTH REPORT
Your Committee which was authorized by the Senate on Tuesday, May 16, 2006, to undertake a review of the Proceeds of Crime (Money Laundering) and Terrorist Financial Act, respectfully requests for the purpose of this study that it be empowered to engage the services of such counsel, technical, clerical and other personnel as may be necessary.
Pursuant to Chapter 3:06, section 2(1)(c) of the Senate Administrative Rules, the budget submitted to the Standing Committee on Internal Economy, Budgets and Administration and the report thereon of that Committee are appended to this report.
Respectfully submitted,
JERAHMIEL S. GRAFSTEIN
Chair
STANDING SENATE COMMITTEE ON
BANKING, TRADE AND COMMERCE
SPECIAL STUDY ON THE REVIEW OF THE
PROCEEDS OF CRIME (MONEY LAUNDERING)
APPLICATION FOR BUDGET AUTHORIZATION
FOR THE FISCAL YEAR ENDING MARCH 31, 2007
Extract from the Journals of the Senate of Tuesday, May 16, 2006
The Honourable Senator Comeau moved, seconded by the Honourable Senator Johnson:
That the Standing Senate Committee on Banking, Trade and Commerce be authorized to undertake a 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; and
That the committee submit its final report no later than September 28, 2006.
After debate,
The question being put on the motion, it was adopted.
Paul C. Bélisle
Clerk of the Senate
SUMMARY OF EXPENDITURES
| Professional and Other Services | $ 9,000 |
| Transportation and Communications | 0 |
| All Other Expenditures | 1,500 |
| TOTAL | $ 10,500 |
The above budget was approved by the Standing Senate Committee on Banking, Trade and Commerce on Wednesday, May 31, 2006.
The undersigned or an alternate will be in attendance on the date that this budget is considered.
| Date | The Honourable Jerry Grafstein | |
| Chair, Standing Senate Committee on Banking, Trade and Commerce |
| Date | The Honourable George J. Furey | |
| Chair, Standing Committee on Internal Economy, Budgets, and Administration |
STANDING COMMITTEE ON
BANKING, TRADE AND COMMERCE
SPECIAL STUDY ON THE REVIEW OF THE PROCEEDS OF CRIME
(MONEY LAUNDERING)
EXPLANATION OF BUDGET ITEMS
APPLICATION FOR BUDGET AUTHORIZATION
FOR THE FISCAL YEAR ENDING MARCH 31, 2007
PROFESSIONAL AND OTHER SERVICES
| 1. Expert consultants and consultant ib Communication
(0401) & (0435) (10 days at $ 600 per day) |
$ 6,000 | ||
| 2. Working Meals (0415) Working lunches and dinners (4 meals at $ 750) |
3,000 | ||
| TOTAL | $ 9,000 |
TRANSPORTATION AND COMMUNICATIONS
| TOTAL | $ 0 |
ALL OTHER EXPENDITURES
| 1. Miscellaneous expenses (0799) | $ 1,500 | ||
| TOTAL | $ 1,500 |
The Senate administration has reviewed this budget application.
| Heather Lank, Principal Clerk, Committees Directorate | Date |
| Hélène Lavoie, Director of Finance | Date |
APPENDIX (B) TO THE REPORT
THURSDAY, June 22, 2006
The Standing Committee on Internal Economy, Budgets and Administration has examined the budget presented to it by the Senate Standing Committee on Banking, Trade and Commerce for the proposed expenditures of the said Committee for the fiscal year ending March 31, 2007 for the purpose of its Special Study on the review of the proceeds of crime (money laundering), as authorized by the Senate on Tuesday, May 16, 2006. The said budget is as follows:
Professional and Other Services $ 9,000 Transport and Communications 0 Other Expenditures 1,500 Total $ 10,500
Respectfully submitted,
GEORGE J. FUREY
Chair