Thank you, Chair. I want to thank all of our witnesses for being here today. I'll ask some questions of our witnesses who are sitting here.
I really appreciate the renewed interest of our Conservative Party members on this committee to look into money laundering. Unfortunately, it was the budget cuts that Stephen Harper brought in that cut $500 million from the integrated proceeds of crime unit. That helped create the conditions we see today with money laundering. It's actually mentioned by the Cullen commission, which identified that as one of the factors that led to the amount of money laundering we're seeing in real estate.
Obviously, there have been many changes since then. It's great to see that the Province of B.C. has brought in a land ownership registry, and, just recently, announced it's going to make it free for individuals to access it.
Of course, over the last four years, there have been many very important changes made to our anti-money laundering regime, including in Bill C-59. I was hoping that the witnesses might be able to share with this committee how Bill C-59 will improve the operational effectiveness of our AML regime, and, specifically, how is it going to address some of the ongoing enforcement issues that have been identified within the regime?.