Thank you. I'm glad I get this opportunity.
Welcome.
I want to start with statistics and how we've been talking about them.
In 2024, the “Global Financial Crime Report” stated that financial global crime is a $3.1-trillion problem. Clearly, this is, as you referenced, Commissioner, a global challenge. It is international, and obviously the fraudsters are incredibly sophisticated.
I want to put in a plug for my riding. There is a company, Verafin, in St. John's, Newfoundland that started as a very small company in cybersecurity and has grown in a tremendous way. It is now Nasdaq Verafin. They do this cybersecurity work around the globe, enhancing investigators' AI capacity.
Minister, I don't know if this question is best for you or the commissioner.
Regarding the international groups that you meet with—and we know this is a global problem—what's happening internationally? Capacity within an organization is limited in light of the sophistication of the crimes being committed.
Is there a way to partner with organizations that are at the leading edge globally to be able to maximize our ability to really deal with this very serious problem?