Briefly, I'm obviously not an expert on how you organize yourselves in Canada on these questions, but I associate myself, of course, with Mr. Kramer's observations about the United States.
I will say that although monitoring and detecting is critically important and enforcement is important, I wouldn't underestimate the power as I described in my testimony of ensuring that you have the authorities and are exercising the authorities to actually render these kinds of sanctions publicly.
Let me give you an example from my real life experience. I spent five years as Aung San Suu Kyi's international counsel during the latter five years that she was under house arrest—of course, the now leader of a more democratic Burma. Recently, the United States removed its financial sanctions against Burma across the board, with the exception of people who were narco-traffickers or terrorist-affiliated people.
The general sanctions that had been imposed against many individual blocked persons and companies were removed. I heard, anecdotally, from a friend of mine in Rangoon about one of the Burmese companies that was off that list. They tried to open up a bank account with a U.S. bank, and the U.S. bank actually said, “Well, yes, you're not on the U.S. list, but you're still on Canada's list”, and refused to open an account on that basis.
It may well be the case that right now you don't have the full range of bureaucratic tools at your disposal to be able to do this on a larger scale, but I wouldn't underestimate the impact, and I think that story illustrates precisely what I'm talking about.