Mr. Speaker, I thank the hon. member for Elk Island, a colleague of mine on the House of Commons finance committee, for his intervention.
First, we should not underestimate the importance of resources. We must make an adequate commitment of resources to our law enforcement agencies in this regard. The task at hand has grown exponentially more complicated and difficult. Yet there has been no commensurate increase in resources to deal with it. In a general sense the resources must be committed. They have not been to date.
Second, in a more specific sense we must work with the very best technologies available to deal with the problem. Clearly these are technologically driven problems. The challenge is to ensure we have the tools to effectively deal with them.
Third, we need greater interaction and engagement with the private sector agencies that will ultimately be acting on the enforcement side. There should be engagement with the Canadian financial services sector. Such engagement should take place while the measures are being put together and not after the fact. It should ensure the sector's commitment is a realistic one, not one imposed by a government with little understanding of the logistics of enforcement at the grassroots financial services sector level.