The House is on summer break, scheduled to return Sept. 15

Bill C-25 (Historical)

An Act to amend the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and the Income Tax Act and to make a consequential amendment to another Act

This bill is from the 39th Parliament, 1st session, which ended in October 2007.

Sponsor

Jim Flaherty  Conservative

Status

This bill has received Royal Assent and is now law.

Summary

This is from the published bill.

This enactment amends the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to enhance the client identification, record-keeping and reporting measures applicable to financial institutions and intermediaries. It establishes a registration regime for money services businesses and foreign exchange dealers and creates a new offence for not registering.
It allows the Financial Transactions and Reports Analysis Centre of Canada to disclose additional information to law enforcement and intelligence agencies, and to make disclosures to additional agencies.
It permits the Centre to exchange compliance-related information with its foreign counterparts and permits the Canada Border Services Agency to share information about the application of the cross-border currency reporting regime with its foreign counterparts. It also includes a consequential amendment to the Canada Border Services Agency Act.
It creates an administrative monetary penalty regime.
It amends the Income Tax Act to allow the Canada Revenue Agency to disclose to the Centre, the Royal Canadian Mounted Police and the Canadian Security Intelligence Service information about charities suspected of being involved in terrorist financing activities.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from Parliament. You can also read the full text of the bill.

Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other C-25s:

C-25 (2022) Law Appropriation Act No. 3, 2022-23
C-25 (2021) An Act to amend the Federal-Provincial Fiscal Arrangements Act, to authorize certain payments to be made out of the Consolidated Revenue Fund and to amend another Act
C-25 (2016) Law An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act, and the Competition Act
C-25 (2014) Law Qalipu Mi'kmaq First Nation Act

Finance Committee, on Oct. 31, 2006

  • Diane Ablonczy, Parliamentary Secretary to the Minister of Finance
  • Diane Lafleur, Director, Financial Sector, Financial Sector Policy Branch, Department of Finance
  • Lynn Hemmings, Chief, Financial Crime - Domestic, Financial Sector Division, Financial Sector Policy Branch, Department of Finance
  • Vincent Jalbert, Senior Project Leader, Financial Crimes - Domestic, Financial Sector Division, Financial Sector Policy Branch, Department of Finance

Finance Committee, on Nov. 2, 2006

  • Horst Intscher, Director, Financial Transactions and Reports Analysis Centre of Canada
  • Peter Bulatovic, Assistant Director, Tactical Financial Intelligence, Financial Transactions and Reports Analysis Centre of Canada
  • Yvon Carrière, Senior Counsel, Financial Transactions and Reports Analysis Centre of Canada

Finance Committee, on Nov. 2, 2006

  • Warren Law, Senior Vice-President, Corporate Operations, and General Counsel, Canadian Bankers Association
  • Douglas Timmins, Assistant Auditor General, Office of the Auditor General of Canada
  • Elizabeth Tromp, Director General, Charities Directorate, Legislative Policy and Regulatory Affairs Branch, Canada Revenue Agency
  • Brian Fox, Regional Vice-President Canada, Western Union
  • Jean-Pierre Bernier, General Counsel, Canadian Life and Health Insurance Association Inc.
  • Denis Meunier, Director General, Enforcement and Disclosures Directorate, Compliance Programs Branch, Canada Revenue Agency
  • King
  • Nicolas Burbidge, Senior Director, Compliance Division, Office of the Superintendent of Financial Institutions Canada
  • James Varro, Policy Counsel, Anti-Money Laundering Committee, Federation of Law Societies of Canada
  • Ron Skolrood, Chair, National Constitutional and Human Rights Law Section, Canadian Bar Association
  • Tamra Thomson, Director, Legislation and Law Reform, Canadian Bar Association
  • Lawrence Boyce, Vice-President, Sales Compliance and Registration, Investment Dealers Association of Canada
  • Jerahmiel Grafstein, Chairman, Standing Committee on Banking, Trade and Commerce, Senate

Finance Committee, on Nov. 7, 2006

  • Diane Lafleur, Director, Financial Sector, Financial Sector Policy Branch, Department of Finance
  • Vincent Jalbert, Senior Project Leader, Financial Crimes - Domestic, Financial Sector Division, Financial Sector Policy Branch, Department of Finance
  • Denis Meunier, Director General, Enforcement and Disclosures Directorate, Compliance Programs Branch, Canada Revenue Agency