I really believe that players in this field are clever enough to avoid illegal situations. I have a problem with two things. The first thing is that the activity in Halifax has its roots in Bermuda, where it is very difficult to know whether what goes on is legal or not. We know that money laundering methods are so sophisticated today that we cannot distinguish between what is illegal and what is not. Justice Jean de Maillard explains it very well, among other things. Second, we won't be solving the problem if we start differentiating between what falls under tax avoidance and tax evasion, meaning what is legal and what is illegal, simply because it is lawmakers who decide what is legal or illegal. So, if we start legalizing wrongdoings, we will not be making any progress.
On February 1st, 2011. See this statement in context.