As the parliamentary secretary mentioned, right now, basically FINTRAC has a big hammer, and that is criminal sanctions where there is non-compliance. Consistent with its more collaborative approach to compliance, it's viewed that there should be a more graduated system of penalties. Sometimes non-compliance is not necessarily willing non-compliance. Sometimes you don't understand your obligations and you do want to be fully compliant, but you just need a bit more information. Sometimes it's somewhere in between the two. But you want to have something in between essentially doing nothing and going to criminal sanctions, so this will allow for more tools in the tool kit, if you will, in terms of compliance.
On October 31st, 2006. See this statement in context.