At a very high level, clearly what we're trying to do is make sure that suspicious activity is considered, so we don't allow that activity to move forward if it's going to result in potential money laundering or terrorist financing, as we're talking about here.
As we know, it's not easy to get to these conclusions. One important threshold we've chosen is the $10,000 threshold. What I know to be the case is that it's an important threshold, but it's not the only thing we need to consider, because there are certainly activities that have gone on around the world in terrorist financing that have been funded through sources that were under $10,000 or through multiple sources that came together. Therefore, it can't be the only threshold. We need to think not only in a purely objective way but also with some level of subjectivity about how we can ensure we get to conclusions that protect Canadians.
We're trying to work to get to that balance. I think at a high level what I'd want Canadians to know is that we see this as an area where we have to have continued vigilance. We can put in thresholds that allow us to review activities that go on outside those thresholds. We will need to continually think about how we update our rules to protect us, considering privacy at the same time, because we don't want to inappropriately capture people who are just leading their life normally.
However, these threats are real. We've seen them in countries around the world. We should not think we're immune to the potential of bad actors who might be seeking to disrupt our way of life.