Finance committee  Certainly, we're conscious of and have looked at the B.C. experience on unexplained wealth orders. It's been an area of discussion as well between the federal government and B.C. It's an area where we welcome the committee's views on the federal role, mindful that the provinces

Finance committee  We also talked about the intersection between financial crimes and sanctions. That's an area of growing concern. I would suggest another area. How do we actually streamline some of the obligations that are imposed on Canadian businesses? Regulation in the sector is really import

Finance committee  We've been working closely with Public Safety and the rest of the regime partners. This has been a topic discussed in governance committees at the DG, ADM and DM levels. We've had a number of discussions with enforcement partners as well to identify the challenges and the scope w

Finance committee  We have talked about this. The landscape is changing, and the latest national inherent risk assessment identified these extremists and ideological groups as an area of risk. I think our intelligence agencies would probably be better placed than we would to tell you which mechanis

Finance committee  Our intelligence and law enforcement partners would be more aware of how they are tracked. What we do in the context of the NIRA is work and focus on those that are listed in the Criminal Code, but I wouldn't want to give you the impression that our intelligence partners or law e

Finance committee  That's correct, yes. There is a ministerial directive that relates to that.

Finance committee  Thank you for your question. The issue of fraud goes well beyond the scope of these discussions today, which deal with money laundering and terrorist financing. First, the Department of Finance is examining precisely these issues, relating to virtual currencies and how they wil

Finance committee  Thank you for your question. I think all these problems related to the legal profession are important. The Supreme Court decision says that adding lawyers as reporting entities for the purposes of the act is not legal. That being said, the Supreme Court nonetheless left the doo

Finance committee  I can't speak to the issue of net worth assessments specifically, but the CRA is part of the group of entities and agencies that discuss certain issues around money laundering.

Finance committee  We can certainly take back the question on the number of disclosures.

Finance committee  I think that's certainly an area where we'd appreciate the committee's input.

Finance committee  Yes. It's a private member's bill.

Finance committee  Again, we can take that back.

Finance committee  I will just say that the bill was more criminal in nature and the Department of Justice provided the advice. We can take that back, but to the extent that you will be meeting with the Department of Justice, I would encourage you to ask them the question as well.

Finance committee  We're happy to. It's an area of ongoing reflection for us, I would say, especially given the unprecedented scope and scale of the Russian sanctions. We see sanctions and sanctions evasion as an emerging threat for the financial system. We've seen that a lot of the hallmarks that