To build on the agreement that this bill needs to be passed and to put into perspective, again, the consequences of its not being passed, it's been well documented that Canada is a laggard in this area by the Financial Action Task Force, by Transparency International—ourselves at the global level—based on G20 beneficial ownership high-level principles, and by the bad guys themselves.
As I said in my opening testimony, there are websites by enablers overseas who are blatantly marketing Canada as a jurisdiction to bring dirty money to. Just as we're talking about any province being a holdout province and thus being the place for crooks to stash their cash within Canada, if we're the holdout amongst FATF community western nations, it will progressively come here.
As we look at the impacts of the Cullen commission in British Columbia, it started a lot with money laundering in casinos. Everyone said, “As there's going to be pressure, that money will go somewhere else.” Lo and behold, last year we saw the Ontario auditor general's report say that casinos are increasingly becoming a money-laundering issue in Ontario.
As Europe regains its ground on money laundering, on beneficial ownership registries post the court decision, as the U.S. implements it and as all of the FATF members and the over 100 other countries around the world continue to work on this, if we don't move forward, Canada is the last stop for the crooks to stash their cash.