I agree. I think there are certain benefits in information sharing. We've seen it through Project Protect, and the information shared around indicators of crimes related to human trafficking, for example. We've done it with Project Guardian, working with our big banks, credit unions, our money services businesses to look at the trafficking of fentanyl and financial transactions related to that. We've worked with them to develop and provide indicators to them. We've seen the benefits in enhanced reporting.
PIPEDA currently allows the banks to share information related to fraud. I understand that the committee is giving consideration to expanding that from fraud to financial crimes. Certainly, there would be some benefit.
We've heard from the banks. We're continuing to work and study this issue with them. As Madam Semaan mentioned, what is the sweet spot? Where is the protection of privacy versus the protection of the economic system versus preventing, detecting, and identifying money laundering, particularly terrorist financing? Work continues to be required on that. I think it is an avenue that requires some very informed and dedicated work.