Finance committee  Well, I do think the terrorist financing directorate of the charities division has a good and useful mandate and one they've carried out well to counter terrorism. They've contributed internationally to studies on the subject. Whether or not all the charities—I think you said 1

Finance committee  I'd say without question they are.

Finance committee  There is a mandated five-year review by the Senate. The result of the last report they put out was that we don't know. There wasn't sufficient information provided by FINTRAC or any of the bodies surrounding it to know whether what they were doing was effective.

Finance committee  I agree that greater civilian oversight would be required.

Finance committee  Well, fortunately we have. Let me qualify that and say that professionally designated Canadian accountants are covered. Accountants with some letters from somewhere else, who aren't professionally designated, are not covered by our legislation, and neither are bookkeepers. I do

Finance committee  I'm going to take the civil liberty aspect out of this, because I'm just a humble bean counter. From my perspective, it is better to have more intelligence than less when it comes to looking into terrorist financing. I think the focus should be on determining the false-positive

Finance committee  The point was about keeping a hostile environment towards money laundering and those who would finance terrorism by making sure you know exactly who they are, because they like to hide in the shadows. Also, for the same reason, banks need to maintain a lot of scrutiny on transact

Finance committee  I won't speak to specific examples, but I will say that it's so prevalent that Canada Revenue Agency has a charities directorate that deals specifically with terrorist financing. It screens the principals in every charitable organization in the country against watch-lists and lis

Finance committee  In terms of terrorist financing, I think the contributions they've made have been significant. In terms of coordination, we've certainly seen that escalate over time. CRA with FINTRAC, based on any reports, is conducting real-time investigations into tax evasion. I'm not as kee

Finance committee  I want to add, on the Western Union point, that fully half of all the suspicious transactions reported in Canada each year come from Western Union. Fully half of 80,000 suspicious transaction reports come from them. The average dollar value of those transactions is $300. I don't

Finance committee  Terrorism is not new. My name is Matthew McGuire. I'm the national anti-money laundering practice leader of MNP. We're the fifth-largest accounting firm in the country. My professional life involves developing risk-based approach, anti-money laundering, and counterterrorist fra