Thank you.
Mr. King, I am going to talk about recommendations no. 14 and 16 specifically.
Recommendation no. 14 seems to echo what you said in your presentation, in terms of implementing “a risk-based approach to identifying higher risk customers.” This recommendation does not seem to have been implemented. It reads as follows:
The federal government enhance Canada's existing anti-money laundering and anti-terrorist financing regime by placing additional emphasis on: the strategic collection of information; and risk-based analysis and reporting.
Does that correspond to what you recommended in your presentation?