Finance committee  Thank you so much, sir, for the question. It's a great question. I would advocate essentially two committees to look at. One is the 1267 al Qaeda committee and its related Taliban committee, which is the 1988 committee, and the other is the counterterrorism executive directorate, which is the 1373 directorate.

Finance committee  Thank you, sir, for your question. It's an excellent question. We keep on wrestling with this day in and day out. ISIS' origins are with al Qaeda in Iraq. ISIS is the new name of al Qaeda in Iraq, as a matter of fact. We've had problems dealing with al Qaeda financing. Obviously, the U.S. and Canada and all the international partners have been attacking al Qaeda central and trying to choke off its finances with a good degree of success.

Finance committee  I have outlined five recommendations, and I'm not going chronologically based on my opening statement but rather am speaking offhand. One is the fact that FINTRAC has always been blamed for not sharing enough information with the law enforcement, but the way things are played in the FIU business, unless FINTRAC gets the counterterrorism intelligence blended information from law enforcement, it's not able to inform and educate the financial community or the financial institutions as to what to look for in a suspicious activity report.

Finance committee  Thank you, Mr. Chair and members of the committee, for inviting me to discuss terrorist financing in Canada and abroad. In my time today, I will highlight certain key threats that Canada and the rest of the world face as regards terrorist financing. I will outline a few steps that the Government of Canada, in cooperation with its international partners, can take to help mitigate these threats.