Mr. Speaker, the proposed anti-money laundering regulations affecting the real estate industry are set for June 23 with some potentially disastrous consequences.
Industry has always been supportive of efforts to monitor and report suspicious illegal activity, but huge loopholes are in the legislation. It appears that no one, including anyone in the government, is prepared to proceed on the June deadline.
Will the government delay the enforcement of the regulations, begin a campaign to educate the public and facilitate adjustment by the industry?