Thank you, Mr. Chair.
Welcome.
My question is for Mr. Reid. Last week, I questioned the minister about the bill she has introduced to replace the old C-54. In clause 4 of the new bill, the question of a budget required to set up a not-for-profit organization is not dealt with. As a result, anyone can register. You contact the Government of Canada, you register, and you get permission to establish a not-for-profit organization.
If I set up an organization with an operating budget under $25,000 and myself as president, vice-president and member all at the same time, there is no investigation.
Is that a shortcoming of the bill? With the wording of the new bill, is it possible that organizations like that could be laundering money?