Thank you, Mr. Chair. Thank you both for your testimony today. You're very knowledgeable.
I had a chance to read parts of the Global Corruption Book. It says that the effectiveness of general deterrence is seriously questioned in the research literature on sentencing. I'm referring to this Regina v. Drabinsky corporate security fraud case in the Ontario Court of Appeal. I find this relative to global sanctions on foreign officials as well. The question is, would harsh sanctions against the foreign officials, in your academic opinion, deter individuals or groups from participating in illegal activities such as money laundering?
I'll start with you, Mr. Ferguson, and then Ms. Fenner can add her two bits on it.