Thank you, Madam Chair.
Building on sanctions, I want to mention this from budget 2024:
Since 2017, the government has undertaken significant work to crack down on financial crime:
Investing close to $320 million since 2019 to strengthen compliance, financial intelligence, information sharing, and investigative capacity to support money laundering investigations;
Creating new Integrated Money Laundering Investigative Teams in British Columbia, Alberta, Ontario, and Quebec, which convene experts to advance investigations into money laundering, supported by dedicated forensic accounting experts;
Launching a publicly accessible beneficial ownership registry for federal corporations on January 22, 2024. The government continues to call upon provinces and territories to advance a pan-Canadian approach to beneficial ownership transparency;
Modernizing Canada's anti-money laundering and anti-terrorist financing framework to adapt to emerging technologies; vulnerable sectors; and growing risks such as sanctions evasion; and,
Establishing public-private partnerships with the financial sector, that are improving the detection and disruption of profit-oriented crimes, including human trafficking, online child sexual exploitation, and fentanyl trafficking.
Budget 2024 takes further action to protect Canadians from financial crimes.
I'd like to ask the witnesses here with us today about the anti-money laundering legislation and actions that we put into place, and how those have helped address some of the gaps in the sanctions.
Maybe, Mr. de Pulford, we can start with you. I think you were talking about sanctions.