Finance committee Our main concern is stopping the flow of fentanyl into Canada. We have a comprehensive strategy for this, but once these proceeds come into another domain, that falls outside of our responsibility.
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Finance committee No, we don't receive specific information from banks. Usually the intelligence we receive is from other law enforcement agencies and FINTRAC.
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Finance committee Yes.
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Finance committee I'm sorry. I missed the last part of your question. I couldn't hear you.
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Finance committee Obviously it's very difficult to know what we're not seeing. There are two things I could say. One is that there's no limit on the amount of money that you can bring into or out of the country; you just have to report it. Our concern is, first, to take that declaration, and secon
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Finance committee Under the act, crypto currency is not considered a monetary instrument. Our responsibility does not include the cross-border movement of crypto currency.
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Finance committee We don't receive much information from FINTRAC. That's not the mandate. Our mandate is to collect and give that information to FINTRAC, which analyzes it and sends it to the other agencies, such as the RCMP. We're not a consumer. We do receive some disclosures on particular cas
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Finance committee This announcement is set by the Department of Finance. We only enforce this prescribed amount, so we don't have a clear position on this one. It would be up to the Department of Finance to respond to that.
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Finance committee No, I said that the overall amount of money that we took out of circulation as identified as proceeds of crime over the entire life of the program is $80 million.
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Finance committee Yes.
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Finance committee Year to year, level 4, for example, if you take this fiscal year, there were 89 seizures, and that would be $2.7 million.
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Finance committee On average we're talking about $2.7 million, yes.
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Finance committee Good afternoon, Mr. Chair and members of the committee. Similar to the other witnesses, I would like to begin my remarks by outlining the role and responsibilities of the Canada Border Services Agency under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, or
February 26th, 2018Committee meeting
Sébastien Aubertin-Giguère
Public Safety committee For example, stolen automobiles may be shipped abroad in containers. In that case, the new status would allow us to carry out inspections and make requests.
October 3rd, 2017Committee meeting
Sébastien Aubertin-Giguère
Public Safety committee Yes, exactly. Our authority to ensure exit controls is fairly limited.
October 3rd, 2017Committee meeting
Sébastien Aubertin-Giguère