Thank you for the question.
As regards overall tax evasion, I wouldn't be an expert in that in terms of the kinds of information exchanges that Ms. Iacovelli pointed to.
In terms of beneficial ownership registries and where the trend has gone, the U.K. was the first country to establish a publicly accessible registry, followed by the European Union setting out anti-money laundering directive 5, so all EU members have to have a publicly accessible registry. Now, some are at different scales of that procedure. As I mentioned in my opening, the U.K. Crown dependencies and overseas territories felt pressure from that or felt co-operation from that and so followed on.
It's not just those countries. As well, in the Open Government Partnership, a number of countries have signed on there to establish registries. Countries such Mexico and Kenya are moving towards registries. The extractive industries transparency initiative, the board of which Canada sits on or chairs and contributes funds to, has required all 54 members that have signed on to disclose beneficial ownership information of companies seeking oil and mineral rights, and they suggest to their members to have a beneficial ownership registry as well. In terms of that tool working towards helping fight tax evasion, it's a growing number of countries, including some of the countries that are listed as the worst tax evaders.
The United States just recently passed the Corporate Transparency Act, which will have a centralized private registry. The number of countries that a tax evader would want to move their funds to, where a crooked politician couldn't just dive into their bank account, is shrinking and shrinking progressively, so it's good that Canada has joined that group.