That's another excellent question. The international attention to money laundering and terrorist financing is active, robust, thoughtful, and it brings a high standard of excellence to these questions.
The advice that we received from the FATF is geared towards exactly those objectives that you name: the integration of global efforts, and the ability to make sure there aren't weak links in the chain in specific member countries.
The work of the FATF has provided us with tangible advice of where we should put our attention so that we can be consistent with international norms. It has prioritized the areas for action. As you say, it's the question of beneficial ownership, so that essentially bad actors cannot hide behind the corporate structure to move money for their ends. It goes to the question of making sure that there aren't important gaps in our regime.
Subject to a Supreme Court decision in 2015, the legal sector is not currently captured in our regime. It's important for us to be able to see the transactions that are typically used by bad actors from a holistic perspective. The exclusion of lawyers from that regime is an important gap for us, because lawyers do things like establish corporations. They notarize important transactions, and the sense of there being a gap in the system gives a strategic area that criminals and those who want to move money to terrorists can and do exploit.
We have contributed to the development of these international standards. We endorse them on a very profound basis, and our partners have given us advice about where Canada should put our emphasis to be most compliant with international efforts and most effective in our domestic objectives of keeping Canadians safe and secure.