Madam Speaker, once again I think the government is doing a little false advertising with this bill and raising false hopes among the people in the country that white-collar criminals are actually going to spend a lot of time in jail when we pass this bill.
I think the member is on the right track here. If we are going to put people in jail and then allow them out after serving one-sixth of their sentence, I do not think that is what the public actually thinks is going on with this bill or that it is something the public would actually support.
The other area that the member raised was the whole issue of tax havens. Nobody believes that these criminals are keeping their money sitting in bank accounts here in Canada. We know that they are sending this money out to tax havens in the Cayman Islands and places like that.
I would ask the member whether he would agree that perhaps the government should be looking at regulating the banks a little more tightly so that we can try to track these suspicious movements of money.
I like his idea about beefing up the RCMP and having forensic auditors being more active. However, we also have to look at the regulatory framework and have tough regulation in this country, as opposed to having industry insiders sitting on the panels that are supposed to be doing the regulating.