Thank you very much for the question. That's an excellent question. I think we often think of money laundering as a victimless crime, but let me be clear and on the record: It is not a victimless crime.
What we're talking about when we talk about money laundering is how criminals try to take their proceeds of crime and make them seem legitimate. These are proceeds that are generated from such crimes as human trafficking and drug trafficking and environmental crimes, where they're deterring environmental protections for Canadians that can have real-life impacts on our health and safety. This is trade-based money laundering, so it's trying to hide the value of their crimes within the international trading system. This is generating, and helping them generate, more proceeds to be able to perpetuate even further crimes. These are things we need to stop.
Canada has a very involved and developed system to combat money laundering and terrorist financing. It involves 13 departments and agencies at the federal level, our provincial and territorial colleagues and nearly 30,000 reporting entities that are all involved in trying to identify suspicious transactions and suspicions and report them to our FINTRAC, our financial intelligence unit, to allow our enforcement agencies to better identify, deter and detect money laundering throughout our country.