First, the directors and officers of a business have a positive duty to take reasonable steps. The courts will have to define reasonable steps in specific cases, such as the one you just mentioned.
Here's something even more interesting. If memory serves me, approximately 120 countries or territories—128, if memory serves me—are also considering the possibility of establishing a beneficial ownership registry. So I think that will require international cooperation. I'm pleasantly surprised to see that so many countries have expressed a wish to establish such a registry.
Getting back to interoperability, that's important because, in a case such as the one you mentioned, the more countries or territories that have interoperable databases accessible to the public, the harder it will be for people who want to conceal their activities to do so. If more than 120 countries or territories in the world have a beneficial ownership registry, people will be able to to crosschecks.
Second, humanity, or rather most countries, are becoming increasingly transparent, somewhat as they were in the case of the minimum income tax, which has been widely adopted around the world.
We also have to make a commitment to transparency, which is why it's important to adopt this bill. We have to demonstrate leadership.