55 Elizabeth II, A.D. 2006, Canada

Journals of the Senate
(Unrevised)

1st Session, 39th Parliament

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Issue 27 - Appendix "M"

Thursday, June 22, 2006
1:30 p.m.

The Honourable Noël A. Kinsella, Speaker

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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

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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

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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

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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

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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

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