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

Issue 9 - Minutes of Proceedings - February 2, 2012

OTTAWA, Thursday, February 2, 2012
(20)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day at 10:36 a.m., in room 9, Victoria Building, the chair, the Honourable Michael A. Meighen, presiding.

Members of the committee present: The Honourable Senators Gerstein, Harb, Hervieux-Payette, P.C., Massicotte, Meighen, Moore, Oliver, Ringuette, Rivard, Stewart Olsen and Tkachuk (11).

In attendance: John Bulmer, June Dewetering 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 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, General Director, Financial Sector Policy Branch;

Leah Anderson, Director, Financial Sector Division;

Annik Bordeleau, Senior Project Leader, Financial Crimes — Domestic, Financial Sector Division;

Allan Prochazka, Senior Analyst, Financial Sector Division.

The chair made an opening statement.

Ms. Lafleur made a statement and, together with Ms. Anderson, Ms. Bordeleau and Mr. Prochazka, answered questions.

At 12:28 p.m., the committee adjourned to the call of the chair.

ATTEST:

Adam Thompson

Clerk of the Committee