Finance committee  Essentially, what the bill provides for is that FINTRAC, in making disclosures to law enforcement and some of its partners, is proposed to be allowed to share additional information to provide a bit more context for why it is making those disclosures. Therefore, it is hopefully h

Finance committee  Canada is cooperating with the FATF and similar regional organizations, such as the Asia Pacific group, to insure that the FATF recommendations are implemented worldwide. Members of the FATF and those regional organizations are evaluated to make sure that they have taken the nece

Finance committee  There are no significant gaps. I would only add a point of clarification. A couple of the recommendations weren't necessarily legislative in nature. They had to do with funding for FINTRAC and the RCMP specifically. As Ms. Ablonczy has already stated, budget 2006 provided fundi

Finance committee  Trends are constantly changing. If the act or the regulations included such indicators, they would become outdated pretty quickly. The work done by the Financial Action Task Force on money laundering, or FATF, or other organizations shows that the typologies, trends and technique

Finance committee  There is a constant dialogue between the various partners, whether it be FINTRAC, the RCMP, police authorities or the international community, in order to share information. Partners also share information with their international counterparts to stay abreast of trends and provid

Finance committee  Needless to say, the commissioner was asked for her input during the preparation of the bill. I do not want to speak on her behalf. As you no doubt know, the act contains a number of privacy provisions. As Ms. Ablonczy mentioned, the legislation contains serious penalties in case

Finance committee  Detecting suspicious transactions is, of course, subjective. FINTRAC has provided guidance to reporting entities, and that is available on the website. Certain things such as indicators are made publicly available: what to look for, and what might constitute something that is sus

Finance committee  I think the indicators might vary, depending on the situation, but all of the indicators are provided to the reporting entity, and they're watching out for both when they're filling out reports.

Finance committee  Thank you for that question. All charities will continue to have to be registered with Revenue Canada. That charities registration process is not being changed here.

Finance committee  My understanding of the legislation is that you cannot issue tax receipts unless you are a registered charity.