Thank you, Chair, and my thanks to all of our witnesses today.
I have two questions I'd like to ask to Mr. DeRose and Mr. Barutciski.
No doubt you're aware, from having looked at the minutes of previous meetings, that we've had testimony saying the Canadian sanction system is broken and the U.S. sanctions enforcement system is the gold standard. You have spoken about dysfunction and incoherence.
You didn't speak, other than indirectly, about the delisting, how you inform yourselves when entities, individuals, or third parties are taken off a sanctions list.
I'd like to have you speak, if you have experience here, to the situation that occurred when the Iran sanctions were eased somewhat when the new Liberal government came to power last fall, a year ago.
The government couldn't, or wouldn't, answer questions in the Commons, in question period, about who had been taken off the list. We learned later that one of the Iranian state banks was delisted. In doing that, we found that individuals had to go to American sources to compare sanctions lists to find out who was actually on or off.
I wonder if you could speak to that and how you, yourselves, inform your respective companies, or how the community informs itself in the absence of a consolidated list and the public list on delisting?