It's quite the challenge, indeed. We would need to figure out how to make sure the information gets to you as well as who in the chain should be the reporting entity subject to certain rules.
I have another question, and it's somewhat tied to what my colleague was talking about.
Does FINTRAC have an education mandate, in terms of ensuring compliance?
We heard from a witness who didn't even know he was supposed to submit reports to FINTRAC. He represented an independent entity; he was a real estate agent, I believe.
Do you do any sort of education to make sure entities are aware of their obligations and don't disregard the rules?
Entities that are in the dark about their obligations might not realize until a few months or years later, at which point, they face crushing penalties and fines.