FINTRAC is already subject to extensive oversight and reporting requirements. It tables an annual report in Parliament, as you know. It submits a departmental performance report annually, a report on planning and priorities. It's subject to the privacy legislation. It has to report on its compliance with the Privacy Act and the Access to Information Act. It's subject as well to Treasury Board-mandated evaluations that have been taking place every five years.
On October 31st, 2006. See this statement in context.