I'm not an expert on Canadian law, but we think the biggest thing that Canada has done—which I'm very approving of—that can potentially address some of the shortfalls in the sanctions program is revise the law to permit third-country sanctions. Again, it hasn't been used yet. In particular, if you're going to address something like a rampant effort by multiple countries to evade Canadian sanctions through trade companies, you're not going to be able to end that by just sanctioning the ultimate beneficiaries of that in Russia and Iran. You have to sanction the evaders. Even that, as we were talking about earlier, is not really going to change that much, because they can simply start a new company. They can always find new people to do it.
Ultimately, what we would really like to see—what we've been really emphasizing in Canada, the United States and the EU—are sanctions against some of the infrastructure companies, particularly, and most important of all, financial firms. The new sanctions authority that Canada has given itself allows that to happen where there are regional banks—in Asia, in particular—that we know are financing quite a bit of this illicit trade. You don't have to sanction the Bank of China, but if you sanction a smaller regional bank, every other bank will fall in line.
As I mentioned earlier, when it comes to corporates and financial firms, they will fill the holes and push the limits as far as they can. Really, the only way to get them to revise how they're acting is to issue some sanctions and to set a few examples. They will then revise their due diligence programs. They will very quickly stop doing the things that they do.
In short, I would say that there's been progress in revising the law—and that's great to see—but we would really encourage more use of the new tools that are available.