Thank you, Mr. Chair.
My first question is for Mr. Laureau, who provided some very interesting and different information from what we have heard in our study thus far. He focused on the international aspects. I would like to know more about that.
You said essentially that it is possible to repatriate funds from foreign countries, sometimes without paying taxes, and that most of the time there is really no due diligence or verification of the source of those funds. The funds could therefore essentially be the proceeds of crime. With regard to those foreign funds entering Canada, you said that there is practically no way of verifying where they come from or how they were generated.
Is that correct?