I'll start with the framing. You're right. In the larger urban centres, that's where we tend to find the larger credit unions, as you might expect. In the rural settings, I would hazard to say that most credit unions do know most of their members. You're right. In the bigger institutions, there would be more challenges in that respect.
Similar to our friends at the CBA, we are advocating for a risk-based approach. That's where the simplified due diligence approach would help address the regulatory burden side of things while still keeping the trappings of the broader framework. Again, we know that other countries have implemented this, and this is a good way to address the regulatory burden side while still maintaining a robust system. Australia and the U.K., for example, have set thresholds where you report if a transaction goes above a certain amount or you do it on a periodic basis.
I might get my colleague Sabrina to add to this, if she has anything she'd like to build on.