Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce

First Session, Thirty-ninth Parliament, 2006

Chair: The Honourable JERAHMIEL S. GRAFSTEIN

Wednesday, December 6, 2006
Thursday, December 7, 2006
Wednesday, December 13, 2006

Issue No. 12

First, second and third (final) meetings on:

Study of Bill C-25, An Act to amend the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and the Income Tax Act and to make a consequential amendment to another Act

INCLUDING:
THE TWELFTH REPORT OF THE COMMITTEE
(Study of Bill C-25, An Act to amend the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and the Income Tax Act and to make a consequential amendment to another Act)

APPEARING:

The Honourable James Michael Flaherty, P.C., M.P., Minister of Finance

WITNESSES:

Wednesday, December 6, 2006

Department of Finance Canada:

Serge Dupont, Assistant Deputy Minister;

Diane Lafleur, Director;

Lynn Hemmings, Chief, Financial Sector Division.

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC):

Glynnis French, Deputy Director, Strategies and Partnerships;

Yvon Carrière, Senior Counsel;

James Butcher, Assistant Director, Regional Operations and Compliance.

Office of the Superintendant of Financial Institutions Canada:

Nicolas Burbidge, Senior Director;

Keith Martin, Director.

Thursday, December 7, 2006

Royal Canadian Mounted Police:

Raf Souccar, Assistant Commissioner, Federal and International Operations;

Denis Constant, Chief Superintendent, Director General, Financial Crime;

Richard Reynolds, Director, National Security Operations Branch.

Canadian Bar Association:

Simon Potter, Past President;

Tamra Thomson, Director, Legislation and Law Reform.

Federation of Law Societies of Canada:

Kenneth G. Nielsen, Q.C., Chair, Committee on Anti-Money Laundering;

Jim Varro, Policy Counsel.

Canadian Life and Health Insurance Association:

Jean-Pierre Bernier, Vice President and General Counsel.

Wednesday, December 13, 2006

Certified General Accountants Association of Canada:

Everett Colby, Chair, CGA-Canada Tax and Fiscal Policy Committee.

Credit Union Central of Canada:

Gary Rogers, Vice President, Financial Policy.

Office of the Privacy Commissioner of Canada:

Jennifer Stoddart, Commissioner;

Hedy Kirkby, Legal Counsel;

Carman Baggaley, Senior Policy Analyst.

MEMBERS OF THE COMMITTEE

The Honourable Jerahmiel S. Grafstein, Chair

The Honourable W. David Angus, Deputy Chair

and

The Honourable Senators:

Biron, Eyton, Fitzpatrick, Goldstein, Harb, *Hays (or Fraser), Hervieux-Payette, P.C., *LeBreton, P.C. (or Comeau), Massicotte, Meighen, Moore, Tkachuk

*Ex officio members

(Quorum 4)