Thank you, Mr. Chair.
I want to thank all of you for being here today. Today seems to be a very popular day for bankers in Ottawa. I don't know what's going on.
I want to preface my comments by saying that our government has been fairly active on the closing of tax loopholes since 2006. In fact, we closed over 50 of them, recouping about $2.5 billion annually in taxes owed, all measures and all initiatives which were opposed by the NDP and the Liberals, I may add.
I want to discuss with you the measures you take against terrorist financing. I first want to get an indication of how closely you evaluate potential candidates for employment within your organizations.
Carmina, I'll start with you, because you also have the U.S. experience to speak about. How closely do you evaluate before you hire someone, and then how closely do you monitor them during the course of their employment?