Yes, that's very interesting indeed.
I think it would be beneficial to move towards that eventually, given that Canada was recently ranked one of the worst jurisdictions in terms of financial openness and transparency, especially at the corporate level. We, ourselves, have practically become a haven for the registration of corporations thanks to low fees and minimal red tape. That might might be a good thing on one hand, but on the other, the information is shrouded in secrecy. Some provinces have more trouble than others making the information publicly available. Eventually, a registry could help deter companies from setting up here for less than admirable reasons and put an end to their use of Canada as a haven.
I have a bit of time left, so I'd like to talk to you about the administrative monetary penalties imposed by FINTRAC. Is its review of the program expected to produce results soon? Courts have deemed the penalties to be excessive in some cases, not to mention the fact that the penalty-setting process is so obscure that judges felt the need to point out that it made no sense and that the penalties were based on highly suggestive elements.
Could we get an update on those discussions?