Thank you, Mr. Chair. I'll respond to this question.
Yes, those tools are already in place. In fact, clause 8 is an exact reflection of existing legislation and regulations dealing with asset issues, including both under the Special Economic Measures Act and the United Nations Act.
The mechanisms are in place. The initial point of contact certainly, for example, for financial institutions is--as was correctly stated earlier--the Office of the Superintendent of Financial Institutions. They put out a notice as soon as a regulation or order has been passed attaching the assets, and it reaches financial institutions immediately. Those are in the position to respond and they have the mechanisms in place. They scan the data banks as soon as new input is received, and they're quite capable of responding to this. They do this on a daily basis. They have done it, for example, with respect to the Libya regulations that were passed just last week.
Concerning the identity of the individuals, obviously since this legislation is based upon receipt of the request by a foreign state that knows whose assets it wishes to see attached, we would rely to some extent on the provision of accurate names. There are some issues sometimes arising out of the transcription of names--for example, from the Arabic or from the Chinese. Transcriptions aren't always consistent, so yes, we would be looking at possible aliases. For example the name of Moammar Gadhafi, even in our media, is spelled three or four different ways on a daily basis. So we would need to ensure that all possible varieties of those names are captured.
Thank you.