Thank you. That is helpful.
In respect to our conversation on thresholds, the minister referenced the need for this bill, and subsequently the act, to be in line with the act that deals with the proceeds of crime and money laundering and terrorist financing.
Especially in my province, I believe there is general understanding that the law is not strong enough and has not led to enough convictions for money laundering and other white-collar crimes.
If we're adopting the standard, under that bill, of a 25% threshold, are we not limiting our ability to really get at the heart of money laundering and white-collar crime in Canada?