Response to Parliamentary Committees and External Audits
Response to parliamentary committees
The Standing Senate Committee on Banking, Trade and Commerce recently completed a second five-year Parliamentary Review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). Over the course of the study, FINTRAC testified before the Committee on three separate occasions. On March 20, 2013, the Senate Committee tabled its report, which included 18 recommendations that the Government of Canada is reviewing.
FINTRAC continues to work with the Department of Finance to consult with stakeholders on regulatory and legislative proposals in the context of this Parliamentary Review.
The complete report is available on the Parliament of Canada website.
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