Thank you very much.
First of all, let me say that money laundering is a significant priority for our government, and it's a priority for me. I worked in this area for a very long period of time.
If I may, instead of reflecting back on things that have happened in the past, closing out integrated proceeds of crime units, etc., I'd like to think about how we go forward. I've had a number of discussions with B.C. officials, for example the Attorney General David Eby. Dr. Peter German, who was formerly the commanding officer in British Columbia, has done a very comprehensive report for them and identified some key areas where improvements can be made. We've been working very closely with them.
Let me give you some examples.
Because it is a budget discussion, in budget 2019, we announced $68.9 million in a program, which involves $20 million ongoing, to fund the RCMP to strengthen their federal policing capacity, including their capacity to combat money laundering.
We have announced additional money to form an information management and information technology infrastructure and digital tools to provide our law enforcement officials with the resources and access to the technologies they need.
Also, we brought forward measures in the budget implementation act last year—significant and important measures—to reduce the opaque nature of beneficial ownership in federally regulated corporations, for example.
One of the things that organized crime and money launderers hate is sunshine by creating transparency. We also convened a meeting with financial ministers from across the country, because the vast majority, more than 90%, of corporations are regulated by provinces. We're working with all the provinces to bring about a greater transparency to beneficial ownership, which will help those investigations.
Additionally, we also brought forward measures in the budget implementation act to create a new offence of recklessness. We know that police services across the country were having difficulty—and prosecutors particularly were having difficulty—in making the nexus between the proceeds of crime and the predicating offence. We've made those criminals more vulnerable to investigation and prosecution.
There's a great deal more work to do, but we are working with our provincial partners and with our federal authorities through the RCMP's leadership. It's a whole-of-government effort, to make it more difficult for individuals to money launder in this country. Organized crime is entirely motivated by profit. When we take that profit from them, we reduce the impact of organized crime for all Canadians.
Thank you very much. That was an important question.