Mr. Chair, if the evidence was overwhelming that there was a major circumvention of these sanctions, the government would clearly have to consider further steps, but at the present time there is no such evidence. All the evidence we are seeing suggests the sanctions are very effective. We see little point in setting up what in all likelihood would become a potentially monstrous bureaucracy to try to chase funds that would be channelled around the globe and in through the back door.
In the House of Commons on May 29th, 2008. See this statement in context.