Thank you, Mr. Chairman.
The proposal contained in the bill is a very simple one. We are proposing to amend the offence of money laundering with an additional mental element of recklessness. This would mean that this modified offence would have three potential mental elements as alternatives: one of knowing, one of believing and one of being reckless as to the origins of the property that may be proceeds of crime.
We believe that, with this amendment, it will be easier for prosecutors to prosecute certain types of the money laundering offences.