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FINA Committee Meeting

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MINUTES OF PROCEEDINGS

Meeting No. 26

Monday, May 28, 2001

The Standing Committee on Finance met in a televised session at 3:37 p.m. this day, in Room 237-C, Centre Block, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Sue Barnes, Maurizio Bevilacqua, Roy Cullen, Ken Epp, Roger Gallaway, Sophia Leung, John McCallum, Lorne Nystrom and Gary Pillitteri.

Acting Members present: Renée Falco for Nick Discepola; Charles Hubbard for Carolyn Bennett; Charles Hubbard for Gary Pillitteri  and Antoine Dubé for Yvan Loubier.

In attendance: From the Library of Parliament: Blayne Haggart and Marc-André Pigeon, Researchers. From Legislative Services:  Susan Baldwin, Legislative Clerk.

Appearing: From the Department of Finance: Roy Cullen, Parliamentary Secretary to the Finance Minister.

Witnesses: From the Department of Finance: Charles Seeto, Director, Financial Sector Division; Richard Lalonde, Chief, Financial Crimes. From the Department of Justice: Stanley Cohen, Senior Counsel, Human Rights Law Section. From the Financial Transactions and Reports Analysis Centre of Canada: Yvon Carrière, Counsel; Patricia Smith, Deputy Director Policy, Liaison and Compliance. From the Canada Customs and Revenue Agency: Jim Butcher, Tax Strategy Projects; David Snider, Tax Strategy Projects. From the Department of Justice: Brian Jarvis, Counsel, Public Law Policy Section; Paul Saint-Denis, Senior Counsel, Criminal Law Policy Section; Dan Hermosa, Counsel.

The Order of Reference dated Thursday, May 10, 2001, being now read as follows:

ORDERED, -- That Bill S-16, An Act to amend the Proceeds of Crime (Money Laundering) Act be now read a second time and referred to the Standing Committee on Finance.

The Chair called Clause 1.

The parliamentary secretary made a statement and answered questions.

At 4:11 p.m. the Committee proceeded to Clause-by-Clause consideration of the Bill.

Clauses 1 to 4 carried, severally.

The Title carried.

The Bill, carried.

ORDERED, -- That the Chair report Bill S-16, without amendment, to the House as the Eighth Report of the Committee.

At 4:12 p.m., the Committee adjourned to the call of the Chair.

Pat Steenberg

Clerk of the Committee