Thank you, Chair.
I want to thank our witnesses for being here today as we start our study, which is not quite a legislative review—we would need a motion for that—but a bit of a taste of the work we're going to do. I appreciate your laying out the many steps that have been taken in recent years to address some of the shortcomings in Canada's anti-money laundering regime.
Mr. Brazeau, something you touched on in your opening was some news from earlier this year on the beneficial ownership registry for federally incorporated corporations. This is of course based on Bill C-42, which passed into law last year.
I was hoping you might be able to share with this committee in further detail how getting access to this beneficial ownership information will help the government to better go after money laundering by understanding who the real owners of property are and explain to us how this will work with the beneficial ownership registries that are in other jurisdictions as well.