Banking, Trade and Commerce – March 14, 2012

In Committee from the Senate of Canada

Banking, Trade and Commerce – March 14, 2012

Appearances: Gunter Rochow, Ralph Kellett, Eric Culley, Rick Reynolds, Michel Laurendeau, Waldo Rochow

Senators continue their review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, which was originally passed in June 2000. They hear testimony from representatives from Capra International Inc., which completed a review of the law’s impact for the Department of Finance. Gunter Rochow, Ralph Kellett, Michel Laurendeau, Eric Culley, Rick Reynolds, and Waldo Rochow discuss the findings of their report, which examined the efforts of various federal, provincial, and municipal bodies, law-enforcement agencies, and non-governmental organizations to combat terrorism-related money laundering.

The witnesses are questioned by committee members Irving Gerstein (the chair of the committee), Pierrette Ringuette (Liberal), Ghislain Maltais (Conservative), Joseph A. Day (Liberal), Larry Smith (Conservative), and Mac Harb (Liberal).