Thank you, Mr. Chair.
In our view, this clause dramatically expands the monitoring of financial transactions from many Canadians and their family members and close associates. Included in the list, as you'll know, are judges, legislators, heads of government agencies, so this is a significant expansion of the monitoring of Canadians' personal financial information. We object to it being buried in a 359-page omnibus bill.
Twice the Privacy Commissioner of Canada has raised concerns about the potential violation of personal privacy under the FINTRAC system. The government has not addressed these serious questions. Frankly, it's alarming that they're trying to push this through under cover of a bill that changes more than 60 pieces of legislation.
We cannot and will not support such an initiative.