Excellent. Thank you, Chair.
Thank you for the question. I've appeared in front of this committee before to explain the importance the government places on its anti-money laundering and anti-terrorist financing regime.
Certainly, we recognize that the housing market in Canada is one where there are risks related to money laundering and terrorist financing. The government has taken several steps over the last several years to be able to address these risks in the housing market, including a proposal in the fall economic statement of 2023 to capture title insurers and incorporate them into our anti-money laundering and anti-terrorist financing regime, as well as to enhance the obligations of participants, in order to make sure we're verifying the identity of unrepresented parties in a transaction.