Thank you, Mr. Chair.
Mr. Elcock and Mr. Donovan, thank you for coming to be our witnesses today.
My questions can be answered by both of you, if necessary.
It is evident that criminals often evolve their methods and techniques for committing illicit financing in Canada. This includes the use of emerging technologies such as AI-driven bots, platforms like Telegram, or privacy coins to mask some transactions.
Can you speak to the effectiveness of the amendments in Bill C-12 to equip Canada's AML regime to catch up with and meet the emerging threats?