I think you've already heard that one of the things we all do, and we have an obligation to do, is to know our customers from the front end. We determine what we expect to be the baseline type of activity as well as the purpose of the account. We look into other aspects of the customer such as where the customer resides, if it's an individual. If it's a company, we look into the type of company structure and how you get to ultimate beneficial ownership. We all identify under Canadian law our beneficial owners at a 25% threshold.
At TD we have two tiers. For those we judge to be high-risk customers, we identify down to a 10% threshold, as do all IIROC regulated businesses in Canada. We've taken that standard and we've made it worldwide. In particular, in the United States there are now no beneficial ownership rules enshrined in regulations.