Finance Committee on March 24th, 2015

Evidence of meeting #73 for Finance in the 41st Parliament, 2nd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was fintrac.

A recording is available from Parliament.

On the agenda

Terrorist Financing in Canada and Abroad

MPs speaking

Pierre Dionne Labelle

Joyce Bateman

Raymond Côté

Rick Dykstra

Also speaking

Rob Stewart Assistant Deputy Minister, Financial Sector Policy Branch, Department of Finance

Gérald Cossette Director, Financial Transactions and Reports Analysis Centre of Canada

Luc Beaudry Manager, Terrorist Financing Intelligence Group, Financial Transactions and Reports Analysis Centre of Canada

Josée Nadeau Senior Chief, Financial Crimes – International, Department of Finance

9:50 a.m.

Conservative

Joyce Bateman Conservative Winnipeg South Centre, MB

Okay.

We have a number of law enforcement agencies. We have the Canada Border Services Agency. We have the RCMP. We have CSIS. Could you just briefly talk about how you work in partnership with these organizations?

9:50 a.m.

Director, Financial Transactions and Reports Analysis Centre of Canada

Gérald Cossette

The legislation allows us to report to a series of enforcement agencies, as you said, the RCMP, CBSA, CRA, CSIS, and also local police forces if it's relevant to them, as long as there is a requirement to disclose the information. For instance, if it is about terrorist financing or national security, we would disclose as well to CSIS. But we have to be careful because, given the information we hold and how some of this information may come to us, we have to make sure that everything we provide to the law enforcement agencies basically falls under the purview of our legislation, so that in fact if they take the information to court, the information can be used. We have to be mindful of that as we disclose.

9:50 a.m.

Conservative

The Chair Conservative James Rajotte

Thank you, Mrs. Bateman.

Mr. Côté now has the floor.

March 24th, 2015 / 9:50 a.m.

NDP

Raymond Côté NDP Beauport—Limoilou, QC

Thank you very much.

I wanted to ask a question about a recommendation from the Senate committee, which did a study on this matter.

9:50 a.m.

Conservative

The Chair Conservative James Rajotte

Just hold on, Monsieur Côté.

I understood we were to be there for 10:05. Is that not correct?

9:50 a.m.

Conservative

Rick Dykstra Conservative St. Catharines, ON

I thought we were shutting down at 9:50. I thought that's what we had agreed.

9:50 a.m.

Conservative

The Chair Conservative James Rajotte

I'm sorry, Monsieur Côté.

Witnesses, I'm sorry we have to shut down this panel early, but we appreciate your being with us here today and answering our questions.

Colleagues, I guess we'll head over to the House.

Thank you. The meeting is adjourned.