Mr. Albas, I couldn't agree more. I mean, even small changes in some of the definitions.... I'll give an example. I know you're using the Department of Finance February paper as a foundational document. One of the proposals is to broaden or increase the scope in terms of the definition of what would constitute a head of an international organization, these sorts of changes.
Obviously, the system needs to adapt to perceived threats and money launderers. They change and they amend their ways in response to these things, but in terms of changing the definition of a head of an international organization, these are small changes, but they can result in multi-million dollar costs, certainly to members of our association.
Forms need to be changed, and these changes are made electronically. Training has to be provided. There are outside vendors who need to be engaged, and many insurers often use the same vendors, so when these changes need to be made, and there's a deadline by which that has to happen, there's often competition for those scarce resources, and as you can imagine, what happens is the cost of those resources go up.
Let me just say there are a lot of excellent proposals and suggestions in that paper. We've mentioned a few, but this is one we're quite concerned about.