No, not in my examination, but my point is that unless you have better rules globally on beneficial ownership, then none of this will be of any use at all, because if you can't establish clearly where the ultimate owner of a shell company or a trust account or any other instrument resides, then whom do you share that information with in another jurisdiction? If you can't establish clear rules on beneficial ownership, then everything else won't work.
The fact is that in many countries there is secrecy. With banking secrecy, it's possible to register companies without the local authorities really doing to any due diligence to establish who the ultimate owner is. As long as that kind of situation is allowed to prevail, then we're never going to be able to have.... Even automatic information exchange won't work, let alone these bilateral treaties, if you don't have that clearly fixed.
We have a problem, and it has to be fixed. The G-8 offers one of the best opportunities yet to get some momentum going forward to fix that problem. I'm hoping that Canada is going to support those efforts.