Thank you, Mr. Chair.
Thank you, Minister, for coming here today.
A lot of Canadians sitting at home are playing by the rules. They're working hard, and they want to ensure that everybody plays by the rules and is working hard. We've obviously seen that there is a negative impact on our economy from money laundering. I think a lot of people don't understand the sophistication behind money laundering. Most people just open a bank account and do their transactions without having any fear that their information will be shared with FINTRAC.
Can you in very simple terms walk us through how something would be tracked by a financial institution, passed to FINTRAC, and then tell us at what threshold it might be passed on to the authorities?