Banking, Trade and Commerce – March 15, 2012

In Committee from the Senate of Canada

Banking, Trade and Commerce – March 15, 2012

Senior representatives from the insurance and gaming industries testified as a part of the committee’s five-year Parliamentary review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Frank Swedlove and Jean-Pierre Bernier, representatives from the from the Canadian Life and Health Insurance Association Inc., and Allan Bulloch from the Canadian Association of Independent Life Brokerage Agencies spoke about their role in the detection and prevention of money laundering.

In the second part of the meeting, Derek Ramm from the Ontario Lottery and Gaming Corporation and Paul Burns from the Canadian Gaming Association discussed safety and security within their industry.