The CBA came here several weeks ago and said, “...member banks have comprehensive governance and compliance regimes to prevent tax evasion”. Would anybody here today disagree with that statement? No?
My simple question is how people do this. How do they use Canadian banks to undertake this type of behaviour without being caught? We've talked about suspicious transactions. We've talked about large cash transactions, which I imagine is the $10,000 route. Is it standard across the board that you report anything over $10,000? Is that fair to say, Mr. Purre?