Thank you very much, Mr. Chair.
I would like to start by mentioning that the points raised by the witnesses today are things we have already heard. I'm not saying that your presentation was pointless, quite the opposite. You made an excellent summary of the points and problems we have already heard in terms of implementing this legislation, even the Special Economic Measures Act, or SEMA. In this regard, there has been one prosecution in 25 years under this act, so I think there are some very real problems.
I would like to ask you about overcompliance with the act. In particular, there were sanctions against Iran. I met with some Iranian students whose bank accounts were closed because the banks preferred to be cautious more than anything else. That is what's affecting these measures here in Canada.
I think that we have a good understanding of the problems, and that your recommendations will be very helpful. You are also required to comply with sanctions in other countries where you are able to operate, including in the United States, Europe and elsewhere. I suppose this also complicates things for the banks.
Is there anything the Government of Canada could do to ease the burden?