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  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  We would be looking for information with regard to transactions, with more transparency to be able to find the information we need to investigate. That would include banking information, beneficial ownership, and who is moving the money, so to speak, if we were to have no laws or

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  The training I referred to is not just with law enforcement; it's also with our regime partners. It looks at anyone involved in money laundering investigations or receiving information. That would include all of our partners at the table here as well as FINTRAC, Department of Fin

Finance committee  Sorry, I misunderstood your question. The investigation of financial crime falls to our federal policing sections across the country. These are specialized investigators who work specifically on financial crime, drug investigations, national security, and other areas that fall

Finance committee  A professional money launderer is someone who literally launders money for a living. They employ people who will accept the money. They have ways of moving the money through either legitimate or illegitimate investments, through numbered companies, and through private companies.

Finance committee  In terms of recommendations, I have none beyond what the document states and Finance recommends. I don't have any exact cases or statistics for you, but from an RCMP perspective, it certainly is an area of concern for us. People in high positions are vulnerable or even susceptibl