Advocis [ Canadian Association of Financial Planners | Canadian Association of Insurance and Financial Planners | Life Underwriters Association of Canada ]

Mr. Robert Thibaudeau, President, Canadian Association of Insurance and Financial Advisors: The Canadian Association of Insurance and Financial Advisors, formerly the Life Underwriters Association of Canada, is a not-for-profit professional association.

the Council and the Commission call on the Member States (and the candidate countries) to coordinate their efforts on the wider international stage and to adopt a common approach to the work on cybercrime in the various international fora (Council of Europe, G-8, Lyon Group, OECD and UN) and in particular to amend the Council of Europe Draft Convention on cybercrime (in which the United States, Canada, Japan and South Africa also participate) to guarantee a true balance between the interests of law enforcement and the need to safeguard the fundamental rights and the freedoms of citizens, in particular privacy, data protection and busines ...[+++]s interests. This requires that:

So 54 life companies came up with this definition in cooperation with the witnesses who were here just before us, who were previously known as the Life Underwriters Association of Canada, representing life agents.

Others, such as the Life Underwriters Association of Canada (LUAC), the Consumers' Association of Canada, the Association co-opérative d'économie familiale du Centre de Montréal (ACEF Centre), and Power Financial Corporation disagreed with the proposition that no government action was necessary in the area of privacy safeguards. They argued that the potential for abuse of personal information held by a large financial institution was so strong, and the competitive advantages gained by the large institutions using this data, so great, that regulation is needed.