I think it's a very good question again.
To address your first question, we don't know what the exact amount is for money laundering and terrorist financing is in Canada. We don't have those numbers, and I don't think anyone has them. To arrive at that number, we would have to calculate the amount of the drug trade in Canada, or the extent of fraud, the extent of corruption, the extent of tax evasion, and any other crime that generates money, so no, we don't have those numbers.
We would also have to take into consideration the criminality that occurs overseas when the proceeds are placed in Canada.
We have a very attractive financial system. It is very sound, and very solid, so yes, Canada's an attractive place to launder money. Our financial sector has robust safeguards in place, but because of its soundness, this is a place where international investors want to be.
When it comes to beneficial ownership, I think this is one of the key aspects of this review, Mr. Chair, with all due respect. I think this can go a long way to fill gaps that have been identified internationally, particularly by the Financial Action Task Force. I think the Department of Finance rightly identified this issue and is consulting on it. We are looking forward to the views of this committee on this issue.
In relation to tax evasion, I will let Mr. Lambert elaborate a little bit on this matter for you.