Public Safety committee  I think that the number of federal partners you have had as witnesses today speaks to that. The investments in the cyber centre were part of the first line of defence in strengthening the ability to prevent cyber incidents, and they are focused, as André Boucher spoke to, on th

Public Safety committee  It's largely provincial, and in this case it is provincial.

Public Safety committee  Equifax would not be in touch with us or the department, and they are largely regulated for consumer issues at the provincial level for this.

Public Safety committee  To the extent that Desjardins is largely provincially regulated, their first point of contact with a government regulator would be with the Autorité des marchés financiers in Quebec. When I spoke of the system of banking rules and regulations in place federally, that applies to t

Public Safety committee  Thank you, Mr. Chair. I will go first, if that's all right. My name is Annette Ryan. I am the associate assistant deputy minister of the financial sector policy branch within the Department of Finance. I am joined by Robert Sample, director general of the financial stability and

Finance committee  I would say it isn't the same regime in Canada. However, there is a similar set of objectives and pressures. First of all, on the question of de-banking individuals, there are essentially two important questions. One is the social aspect of not having people removed from access

Finance committee  One point that's important to keep in mind is that FINTRAC doesn't have investigative powers. It does have a requirement to monitor the overall system of transactions or suspicious transactions. When there is a sufficient standard of concern that's been met, it does pass that inf

Finance committee  That's a very important question. The government recently provided important new resources to Global Affairs Canada, which leads on sanctions, to establish the right teams and experts and so on to do essentially that. They will support the sanctions regime in a much more practi

Finance committee  That is not a bill that we led on. Ian, you have a greater touch point with that.

Finance committee  That's a great question. It goes to the efforts of FINTRAC officials to make sure that the communication to institutions and the means by which they receive information are commensurate. It goes to an important objective, however, which is that we not leave blind spots, essential

Finance committee  I think your question touches on the answer. The Americans don't have as many tools in the real estate sector as we do, so they use the geographic targeting orders as almost a complement to some of the areas where they don't have the tools that we do. That said, we are interest

Finance committee  This is a very important question, and I'm glad to have a chance to speak to it today. The way the U.S. is able to simplify that initial reporting for SARs and then subsequently allow their authorities to go back to banks is really effective, and it is good in terms of reducing

Finance committee  If I may, I will respond in English. The minister's comments are respectful of the dialogue he continues to have with provincial and territorial counterparts, which go towards what is essentially very timely progress on this issue. The first step, which was the basis of the Dece

Finance committee  I'm happy to report to the committee that the government has taken an important step in this space. On June 9, we pre-published comprehensive regulations that target exactly this issue. The regulations that are now before the Canadian public for consultation would essentially do

Finance committee  The work with provincial and territorial partners is very much on track. We've worked through the technical details and done targeted consultations, and we'll bring it to ministers next week at your meeting.