Thank you very much, Mr. Chair. I want to thank all our witnesses for the work you do for Canadians. I appreciate your expertise and your presence at the table today.
I would like to start first with Mr. Therrien. Thank you very much for your presentation. I'm going to be asking a couple of questions on what you've offered, but also, being from British Columbia, I have some specific cases. I'd also like to talk about...because these reviews happen every five years, and technology changes and what not.
First of all, you've made the suggestion that right now FINTRAC collects information on every financial transaction that it can possibly get a hold of, that it's allowed to under law, but perhaps there should be some proportionality applied.
Does technology, for example algorithms, allow for the risk-based assessments that you're talking about, or are you just talking about taking the current system and slowly scoping it into a different framework vis-à-vis Bill C-59?