Thank you, Chair.
Thank you very much for your remarks, Mr. Saghbini. You brought me back to the days when I was working in the financial sector.
I think you hit the nail on the head in that these criminals are highly sophisticated. They're very fast. They adapt, and these schemes are highly complex, and they change all the time. Oftentimes, when you take a step back, you wonder how the rules and the law are ever going to keep up with them, because they're around the world.
At the same time, for the average Canadian who is working incredibly hard and abiding by the rules and paying the taxes, it can be extremely frustrating to know that the tax code is so complicated and that only the highly sophisticated or the people who are extremely wealthy and able to afford sophisticated lawyers and accountants will be able to find the loopholes and not pay taxes. That's frustrating to the average Canadian.
My question for you is this: What do you see as the biggest risk right now in terms of money laundering, tax evasion and financial crime? It happens all day, every day. How do we as a country keep up with that?