Thank you, Mr. Chair.
Mr. Schaan, it's great to see you again. It was the 42nd Parliament when I was on INDU, and it's good to see some of my colleagues around the table from that time as well.
Back in those days, a few parliaments ago, this issue came up from time to time. We looked at money laundering in particular, and the exposure Canada has to actors from other countries coming in and taking advantage of Canadian laws, which at the time weren't as strong as we are now making them.
I'm thinking about how the regulations work with the act—the PCMLTFR, the proceeds of crime and money laundering and terrorist financing regulations—and how those regulations would be improved by using this act.
What happens to those regulations following this act being enacted?