Finance committee  To the extent that it involves two federal institutions, there may be contact. However, the Department of National Defence and the Canadian Armed Forces are not groups that collect information under the act at this time, and there is no formal communication of information that is

Finance committee  I think what you are referring to your allusion to the Philippines are the money services businesses. People in Canada may remit money abroad and use these services for that. We are not increasing reporting requirements on these types of businesses under this legislation. The cha

Finance committee  As is indicated under the act in the current wording, in the case of trusts that are regulated in Canada, they are covered by the obligations of the act. Through exchanges with the industry and international assessments, questions were raised as to whether trusts that are incorpo

Finance committee  It's the disclosure of information obtained from those subject to interrogation.

Finance committee  There are many provisions in the Proceeds of Crime (Money Laundering) and Terrorist Financing Act that protect information that's in the custody of FINTRAC. One of those provisions that reinforces the separation between FINTRAC as an arm's-length agency and law enforcement as dis

Finance committee  There are mechanisms in place, from an administrative point of view, to govern the exchange of information, but, as I say, it's mostly one way. If FINTRAC wanted to meet its threshold, it's going to be able to disclose to the recipients. At the same time, FINTRAC maintains ongo