Thank you, Mr. Chair.
I also want to thank the witnesses for joining us today.
Terrorist financing is broken down into two streams for the purposes of this study—the international stream and the national stream. Regarding the international stream, I will come back to what Mr. Therrien said about FINTRAC.
Since regulations were adopted for the reporting of electronic funds transfers of $10,000 or more, FINTRAC has received 2 million reports. The figure should reach 10 million this year. If the transaction limit for reporting to FINTRAC was lowered, the amount of information would be huge.
How can we make sure that the accumulation of information will not be done at the expense of people's privacy?