We don't have data from all our members on this, but we know that complying with FINTRAC costs between $10,000 and $100,000 for different reporting entities. For small businesses, a one- or two-person operation, it could cost them up to $10,000. That doesn't include all the time they spend filling out the forms.
Definitely, if we can work with FINTRAC to be a little more efficient and bring down the costs, then compliance will go up. We would be pleased to work with FINTRAC.