We are in session.
Welcome, first of all, to our witnesses and committee members.
Pursuant to our order of reference of Tuesday, October 24, 2006, this is Bill C-25, An Act to amend the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and the Income Tax Act and to make a consequential amendment to another Act.
Thank you for your patience in waiting for us to get here, witnesses. We have just come from another discussion that was pertinent to this topic.
We will begin with a presentation from the Canadian Bankers Association, Warren Law, senior vice-president.
Welcome, and proceed. Five minutes to you.