Mr. Speaker, the HSBC Bank in embroiled in a huge scandal involving tax fraud and money laundering linked to drug trafficking and the financing of terrorism.
Some 1,800 Canadian clients had accounts with that Swiss bank. Often it was unscrupulous institutions here that facilitated the transfer of funds, allowing people to hide money with HSBC.
Now that we know that Swiss authorities began conducting searches today, can the minister tell us what she is doing to catch white collar fraudsters and crack down on their accomplices?