Mr. Speaker, Canada's largest securities regulator has revealed that Canadian firms are holding some 13,000 offshore accounts in jurisdictions blacklisted by the OECD. Things are worse than even the provincial securities regulator knows about because we obtained government documents showing that Fintrac will not even be up and running until at least June.
Why the delay in closing these money laundering loopholes? Why does the government not act now to stop this money laundering?