Madam Speaker, I know a number of safeguards are in place already. I know, as the member has already mentioned, banks are required to report certain action that they may see when people walk in and withdraw $50,000 from a bank account or anything over $10,000. They are asked to file those types of reports.
I look across the way and I see a colleague from the Liberal Party whom I sat with on a national security committee. We have studied this. We know those types of withdrawals can be used for terrorist activities. My colleague is correct. It is organized crime.
This is not specific to pyramid schemes. Pyramid schemes are an offence in themselves and are listed somewhere else. However, a lot of this can also be the $4,000, $5,000, $6,000 investments multiplied over hundreds of people, which banks would not recognize it on the one side from those who are investing or losing the money. I think what the member is alluding to is they had better recognize it on those who are perpetrating that activity.
Let me very clear. Very seldom do these individuals use one little local bank and everything is there under one account in one branch or in one banking institution. Organized crime uses hundreds of different institutions. Those people are masters in being able to launder money, but they are also masters in being able to put it into a place where there is going to be very few questions asked.
I am not certain I would disagree with the member. We can always be looking at ways that we can better educate and better protect Canadians. I would hope that our government is doing that.