Madam Speaker, money laundering is extensively exploited in Canadian real estate, and we have estimates that more than 50% of real estate companies are not complying with anti-money-laundering regulations. Furthermore, we are one of the few G7 countries that does not have laws around beneficial ownership.
I am wondering this. Could the parliamentary secretary give us any insight into whether or not this government is actually going to work towards enforcing Canada's anti-money-laundering regulations and implementing beneficial ownership to reduce money laundering in Canada?