On Tuesday, March 27, Transparency International Canada Senior Advisor, Anti-Money Laundering/Beneficial Ownership Transparency, Denis Meunier, testified before the House of Commons Standing Committee on Finance. Mr. Meunier spoke on behalf of TI Canada to provide insight on the government’s review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
Mr. Meunier emphasized five main points in his testimony:
Improve beneficial ownership transparency
Bring legal professionals into the AML/ATF regime in a constitutionally compliant way
Strengthen the regime for designated non-financial businesses and professions
Address impediments to the investigation and prosecution of money-laundering offences and enhance accountability
More transparency in reporting results
Mr. Meunier speaks from his years of experience, including as Deputy Director of FINTRAC and Director General of the Canadian Revenue Agency’s Criminal Investigation Directorate.