Madam Speaker, the member is correct. The tax havens in the Cayman Islands, Panama and so on are really the important part that the government is forgetting about. It talks about restitution but there will be no restitution because fraudsters are going to get their money to the tax havens.
In addition to that, I would like to ask the member what he thinks about the idea of toughening up the banking rules to require the banks to be more vigilant about the activities of people like this. For example, currently the bank has to report anyone who comes in with a cash deposit of over $10,000. Why can the government not come up with some more stringent rules for the banks?