Absolutely. So the obligation of consistent use remains, the obligation to only collect what is necessary remains, and, of course, the obligation to protect the information remains. The reason we are putting to your attention the risk of over-collection and over-reporting is our experience with FINTRAC. With the PCMLTFA, we find that there's a built-in incentive to over-report. We would want to make sure that this doesn't occur here.
On May 14th, 2014. See this statement in context.