Banking, Trade and Commerce – February 8, 2012

In Committee from the Senate of Canada

Banking, Trade and Commerce – February 8, 2012

Appearances: Darlene Boileau, Barry MacKillop, Chantal Jalbert, Paul Dubrule

Senators hear from representatives from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as the committee continues its review of the impact of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, which was originally passed in June 2000.

Darlene Boileau (the deputy director of strategic policy and public affairs), Barry MacKillop (the deputy director of financial analysis and disclosure), Chantal Jalbert (the assistant director of regional operations and compliance), and Paul Dubrule (general counsel) discuss FINTRAC’s efforts to combat money laundering and terrorist financing through the sharing of financial intelligence with Canada’s law enforcement and intelligence agencies. The witnesses are questioned by committee members Irving Gerstein (the chair of the committee), Céline Hervieux-Payette (the deputy chair of the committee), Paul J. Massicotte (Liberal), Carolyn Stewart Olsen (Conservative), Pierrette Ringuette (Liberal), Larry Smith (Conservative), Mac Harb (Liberal), Ghislain Maltais (Conservative), David Tkachuk (Conservative), and Wilfred P. Moore (Liberal).