Finance committee  I was just thinking about that as I was answering. At an international level, certainly the MLAT process is very cumbersome. In terms of time and turnaround, it sometimes isn't efficient for the information we need, especially when we're looking at electronic data that can disapp

Finance committee  Okay.

Finance committee  I would have to check, but I believe the U.K. is an example. Let me just double-check my notes and I can get back to you on that.

Finance committee  My understanding is that it's the United States and the U.K. for beneficial ownership.

Finance committee  We have investigations ongoing that involve cryptocurrency. It's a perennial issue and something that's very difficult to investigate. It's very complex. It's used in all sorts of transactions and is becoming more and more common. Absolutely. It's not something that we're trackin

Finance committee  Yes, we have a great working relationship right across the country. We have various municipal agencies. We have federal policing positions that investigate financial crime right across the country, and we work in collaboration with not only our federal partners but also our munic

Finance committee  I would refer to the paper that was produced by the Department of Finance. I believe there are some quotes in there with regard to estimations. I certainly do not have any estimations of that from within the RCMP that we could say have any accuracy.

Finance committee  When criminal organizations are trying to gain money, some of the ways they will do it is through money laundering, through the financing of various types of crime. So it's very difficult to say, because most crimes are related to money and, subsequently, often money laundering.

Finance committee  No. I'm sorry, but I don't.

Finance committee  I can answer, Mr. Chair. On tax havens, I would refer to the Canada Revenue Agency. Unfortunately, I'm not able to answer that part. When we're looking at beneficial ownership, it's an issue and a concern of ours. There was a recent article that came out with regard to real e

Finance committee  It certainly is within Canada. Absolutely. It is an issue when we're not able to determine who the exact owner is. It hinders investigations. When going from province to province, there is a difference, too. It's not standardized right across the country. That would be another

Finance committee  Certainly. With regard to my comment on the number of files, I should have prefaced my remarks by saying the number I cited is strictly within federal policing by the RCMP. It doesn't include investigations that have started outside of federal policing, with a municipal agency

Finance committee  It would be adding a provision for recklessness, for example, that shows that someone knowingly was investing without asking questions, without finding out why they were doing the investing, where they were moving the money to, so that it doesn't have to be linked to that predica

Finance committee  I can't say I would necessarily agree with that comment. We have a very good working relationship with the banks. We have a very strong partnership with them. We have working groups that involve the major banks. No, I wouldn't say that's an issue.

Finance committee  They certainly have their own investigative teams. I'm not aware of what the threshold would be for them to report to the police based on what their own investigative teams would be looking at. I'm guessing they do have a threshold, but I wouldn't know.