Thank you, Mr. Chair. My thanks to all the witnesses for joining us today.
I will just continue along the lines of what Mr. Cannan said. Clearly, I took the time to examine the 18 recommendations in the Senate committee report entitled Follow the Money: Is Canada Making Progress in Combatting Money Laundering and Terrorist Financing? In fact, the Canadian Bankers Association testified before the committee as part of its work.
Mr. Donovan, recommendation no. 10 clearly indicated that, under the legislation, FINTRAC had to provide entities required to report with quarterly, personalized feedback on the usefulness of their reports. Unfortunately, I understand that FINTRAC is not currently following this recommendation. There is no regular and personalized feedback so that you can understand the usefulness of your reports?