Industry committee  Yes.

Industry committee  That's correct.

Industry committee  I'm not aware one way or the other whether they're having problems with these provisions.

Industry committee  That's correct, but as I've stated, the thresholds issue particularly makes me concerned that organizations would be able to share information for potential breaches or fraud cases that may not have materialized. That is a concern, a very real concern for me.

Industry committee  I have no information to that effect, no.

Industry committee  No, I would disagree with that. I think there is a fairly big difference between the proposed regime which would be authorizing organizations to share information for the purpose of investigating potential breaches versus the current regime where information can be shared only wh

Industry committee  “Likely” refers to a potential breach, so a breach that in the eyes of the organization is likely to occur but has not yet been seen.

Industry committee  At the end of the day, I think the difference is between allowing organizations to share for potential breaches not yet seen versus the current regime which requires that the breach has been seen or is occurring. There is a big difference in my opinion.

Industry committee  There is an annual meeting of federal and provincial privacy commissioners. We do work jointly on a regular basis. Guidance is often provided jointly so that there is consistency in what organizations receive. So absolutely, we work in a very cooperative fashion with provincial

Finance committee  Thank you, Mr. Chair and members of the committee, for the invitation to address you today. The subject of your study, Canada's regime for combatting the financing of terrorism, is clearly a timely one. As you are aware, in light of Bill C-51 and other recent legislative activi

Finance committee  On that point, I'm not sure about an international comparison, but in terms of oversight of national security agencies writ large, whether for terrorist financing or other activities, Canada certainly has a number of review bodies for the RCMP, for CSIS, and for the Security Esta

Finance committee  I guess my concern is that in gathering massive amounts of information to identify suspicious transactions, government receives, analyzes, and retains for long periods a lot of information about law-abiding citizens.

Finance committee  The information I was referring to was uncovered in the course of our two-year review audits that we've conducted over the years. Essentially, the problems stem from the discretionary criteria applied by financial institutions and providing information to FINTRAC, namely, that a

Finance committee  I don't want to exaggerate the importance of the problem, but we did find occurrences of reporting by financial institutions to FINTRAC that appeared to be based in part on race, place of destination, and age.

Finance committee  To distinguish between the current laws as they apply to FINTRAC and Bill C-51, current laws, some of which are being revisited or reconsidered including the dollar threshold, to me are reasonable because reporting to FINTRAC is either on the basis of whether a transaction is sus