There's a lot going on at the present time. The G-20 for the first time two years ago used the term “illicit financial flows”. We've succeeded in getting that basic vocabulary into the thinking of the G-20, the UN, the World Bank, the IMF, OECD, and others.
It is not that difficult to curtail—we're not trying to stop, but curtail—the illicit money that flows out of developing countries, and with some pretty straightforward measures. I mentioned one: country-by-country reporting. There are other ways to do this as well. Making tax evasion a criminal offence would be a step in the right direction. Automatic exchange of tax information, such as the United States and Canada have had for a long time, would be extremely valuable.
There are things that can be done to strengthen our anti-money laundering legislation, as progressed by the financial action task force in Paris. The financial action task force, in its last meeting in February, said that tax evasion should be a predicate offence for a money laundering charge. The next step in that direction is to make it a criminal offence under any circumstances, whether attached to tax evasion or not. There are steps we can take and there are organs of international institutions working on these steps.