Thank you.
That brings me to my question for the Canadian Bankers Association representatives.
Thank you very much for your presentation. We previously heard from witnesses who underscored the importance of financial institutions knowing who their clients were. You talked about client identification but wanted the rules to be more lax. You said, and I quote:
We believe the legislation needs to be expanded to allow for the use of advanced technology that has the ability to perform remote identification.
You're proposing that approach as opposed to mechanisms that would force people to have direct contact with their banker.
How do you think that would improve the system?