Thank you.
As Ms. Lafleur so clearly stated, in the case of transactions reported to FINTRAC, no threshold applies. Therefore, a FINTRAC official to whom a transaction is disclosed may find himself dealing with either small or large transactions. The information disclosed can vary widely. For example, CRA may receive information about a large number of individuals and several transactions. The threshold is no different for us than it is for a law enforcement agency to whom a disclosure has been made. All disclosures made to CRA are also made to law enforcement agencies because FINTRAC's main concern is money laundering or terrorist financing. CRA does not conduct criminal investigations into money laundering, but rather investigates cases of tax evasion.
There is no mention of a threshold in the amendment, or of money laundering, a key consideration in the drafting of this bill. As you also mentioned, Ms. Lafleur, CRA can also present what is known as a voluntary information report in cases where a criminal investigation has been launched into a particular matter. CRA can pass along this information to FINTRAC. If FINTRAC discovers information in its database about the target of the investigation, it has a duty to share that information—information about money laundering and tax evasion—not only with law enforcement officials, but with CRA as well.
I hope I've shed some light on this issue, Mr. Chairman.