Thank you for the presentation.
I come from Vancouver. I represent the riding of Richmond Centre—Marpole, so I'm quite familiar with the so-called Vancouver model of money laundering. One thing we've identified in the past was that many of those criminal activities of money laundering actually went through the currency exchange operations. We see that quite often if one operator is being red-flagged or sanctioned, they can easily change the name and open up another new operation to carry on with the activities.
From your perspective, is this still going on? Also, is Bill C-12 going to do anything about interrupting that kind of chain of operations?