Thank you, Mr. Chair.
Perhaps I already explained it, but I'll briefly do it again.
Just prior to my amendment, the bill says there will be a review of FINTRAC every five years. What I'm saying in this amendment is that the Security Intelligence Review Committee shall have an annual review of the operations of FINTRAC. This brings it under the ambit of this civilian oversight committee, which currently does something similar for CSIS and then does an annual report to Parliament. So there would be an increase in the degree of parliamentary oversight of FINTRAC.
As we heard from witnesses such as Senator Grafstein, this is what the Senate committee recommended. I also think it was agreed that with FINTRAC, as we discussed earlier, there always has to be a balance between privacy concerns and security concerns. The bill increases the powers of FINTRAC on the security side. To balance security against privacy, I think it's a good move to increase also the civilian surveillance.
I think it's positive to have parliamentary scrutiny. It wouldn't have a major negative effect on the ability of FINTRAC to carry out its operations, but it would allow parliamentarians, through the civilian oversight committee, to have a better handle on what FINTRAC was doing, and I think it would reduce the chances of abuses to privacy rights. We've seen recently that these can happen. I think this is a positive addition to the bill.