This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
{
"time": "2019-05-08 16:40:00",
"attribution": {
"en": "Ms. Sandy Stephens",
"fr": "Mme Sandy Stephens"
},
"content": {
"en": "<p data-HoCid=\"5927845\" data-originallang=\"en\">Yes, I would be happy to. </p>\n<p data-HoCid=\"5927846\" data-originallang=\"en\">First, I think this committee is aware that banks provide millions of reports to FINTRAC every year. We're excited by seeing a provision that would have more output from all that input. I think what this provision is trying to address is the <em>mens rea</em> or the mental element to a criminal offence. It's lowering the bar from a knowledge base of the actual predicate offence to a recklessness. There are professional money launderers who try to blind themselves to what's going on underneath this, and this would allow for that mental element to be lowered so that they would still be caught. Again our view is that we're looking for more output from the system, given the amount of input that is put into the system.</p>\n<p data-HoCid=\"5927847\" data-originallang=\"en\">The second question, I think, was about a risk-based approach. As I said, banks are fully committed to the MLTFA regime and are key partners, but they want to spend their time and resources for the highest impact for the biggest buck. And that's the highest risk customer.</p>\n<p data-HoCid=\"5927848\" data-originallang=\"en\">There are provisions in the PCMLTFA currently that require a lot of administrative work with low-risk customers when it's ongoing monitoring, where you sort of have to refresh the ID of someone who has a term CDIC and is retired. It just feels as if there could be better ways to use that time and resources. </p>",
"fr": "<p data-HoCid=\"5927845\" data-originallang=\"en\">Oui, avec plaisir. </p>\n<p data-HoCid=\"5927846\" data-originallang=\"en\">D'abord, je pense que le Comit\u00e9 est au courant que les banques fournissent des millions de rapports au CANAFE chaque ann\u00e9e. Nous sommes ravis de voir une disposition qui permet d'obtenir plus de r\u00e9sultats \u00e0 partir de tous ces renseignements. Je pense que la disposition essaie d'aborder l'intention coupable ou l'aspect mental d'une infraction criminelle. Elle diminue les exigences, pour parler d'insouciance au lieu de connaissance de base de l'infraction sous-jacente r\u00e9elle. Certains blanchisseurs d'argent professionnels ne veulent pas savoir ce qui se passe r\u00e9ellement, et la disposition ajoutera l'aspect moral de sorte qu'ils puissent tout de m\u00eame se faire arr\u00eater. Encore une fois, nous cherchons \u00e0 tirer plus de r\u00e9sultats du syst\u00e8me, compte tenu de la quantit\u00e9 de renseignements qu'on y consigne. </p>\n<p data-HoCid=\"5927847\" data-originallang=\"en\">Je pense que la deuxi\u00e8me question concernait l'approche fond\u00e9e sur le risque. Comme je l'ai dit, les institutions bancaires s'engagent pleinement \u00e0 prendre part au r\u00e9gime de la LRPCFAT et sont des partenaires cl\u00e9s, mais elles veulent consacrer leur temps et leurs ressources aux grosses sommes d'argent pour avoir la plus grande incidence, et il s'agit des consommateurs \u00e0 risque \u00e9lev\u00e9. </p>\n<p data-HoCid=\"5927848\" data-originallang=\"en\">\u00c0 l'heure actuelle, la LRPCFAT comporte des dispositions qui exigent beaucoup de travail administratif aupr\u00e8s des clients \u00e0 faible risque en ce qui a trait \u00e0 la surveillance continue; il faut en quelque sorte reconfirmer l'identit\u00e9 d'une personne lorsque son placement \u00e0 la Soci\u00e9t\u00e9 d'assurance-d\u00e9p\u00f4ts du Canada arrive \u00e0 \u00e9ch\u00e9ance et est retir\u00e9. J'ai simplement l'impression qu'il y a de meilleures fa\u00e7ons d'utiliser ce temps et ces ressources. </p>"
},
"url": "/committees/finance/42-1/210/sandy-stephens-2/",
"politician_url": null,
"politician_membership_url": null,
"procedural": false,
"source_id": "10613779",
"document_url": "/committees/finance/42-1/210/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fcommittees%2Ffinance%2F42-1%2F210%2F"
}
}