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

Issue 13 - Minutes of Proceedings - March 7, 2012

OTTAWA, Wednesday, March 7, 2012
(27)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:17 p.m., in room 9, Victoria Building, the chair, the Honourable Irving Gerstein, presiding.

Members of the committee present: The Honourable Senators Di Nino, Eaton, Gerstein, Greene, Harb, Hervieux- Payette, P.C., Maltais, Massicotte, Moore, Oliver, Ringuette and Smith (Saurel) (12).

In attendance: John Bulmer and Adriane Yong, Analysts, Parliamentary Information and Research Service, Library of Parliament.

Also in attendance: The official reporters of the Senate.

Pursuant to the order of reference adopted by the Senate on Tuesday, January 31, 2012, 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. (For the complete text of the order of reference, see proceedings of the committee, Issue no. 9.)

WITNESS:

KPMG Forensic:

Susana Johnson, Head, Anti-Money Laundering Services (by video conference).

The chair made an opening statement.

Ms. Johnson made a statement and answered questions.

The committee considered a draft legislative budget application for the fiscal year ending March 31, 2013.

The Honourable Senator Harb moved that the following legislative budget application for the fiscal year ending March 31, 2013, be approved, for submission to the Standing Committee on Internal Economy, Budgets and Administration:

Professional and Other Services	$        0
Transportation and Communications	0
All Other Expenditures	7,300
TOTAL	$ 7,300

After debate, the question being put on the motion, it was adopted.

At 6:01 p.m., the committee adjourned to the call of the chair.

ATTEST:

Adam Thompson

Clerk of the Committee