Information & Ethics committee  I will start at the beginning of the process. We start with a risk-based assessment of entities, trying to identify which ones may be susceptible to not complying with their obligation to report—not to money laundering, but to their obligation to report. Once we've done that proc

Information & Ethics committee  Yes.

Information & Ethics committee  Yes.

Information & Ethics committee  Yes.

Information & Ethics committee  Thank you, Mr. Chair, for inviting us to speak with you regarding our handling of an access to information request in relation to the penalty that FINTRAC levied against a Canadian bank in 2015. As Mr. Chair just mentioned, I am joined today by Barry MacKillop, our deputy direc

Information & Ethics committee  The Privacy Commissioner basically conducts an assessment of our privacy framework every second year. So far he has conducted two audits, and he is in the process, in fact, of finalizing his third one. On every occasion his conclusion has been that we never disclose information f

Information & Ethics committee  The legislation itself doesn't change our ability to receive or share information. However, it gives other departments that didn't have the authority to share information with us the ability to do so now.

Information & Ethics committee  As a result, the institutions and citizens that communicate with us under these circumstances would have more authority than certain departments in possession of relevant information.

Information & Ethics committee  We had the authority before, but we could share the information only with the institutions mentioned in the legislation, meaning our own legislation and not the legislation on information sharing.

Information & Ethics committee  No. The RCMP and law enforcement in major Canadian cities receive the most information from our agency. We communicated 204 times with the Canada Revenue Agency last year. However, to communicate with the Canada Revenue Agency, we first need to establish that money laundering the

Information & Ethics committee  Yes.

Information & Ethics committee  Yes. However, as I was saying, we ourselves need to establish that the threshold has been reached before the information is shared.

Information & Ethics committee  From the different business sectors, we only receive information that is designated under the legislation. It may be semantics to people, but we do not collect information; we receive information. We have no authority to go back to a financial institution and ask. So what we rece

Information & Ethics committee  As we mentioned before, we do not exchange information internally, and surely not externally under SCISA, but under our mandate we have signed 92 MOUs with different countries of the world. The MOUs are quite specific as to the kind of privacy protection we're asking for from the

Information & Ethics committee  From our standpoint, the legislation hasn't had any impact on our operation, positive or negative.