Thank you once again for your presentation.
I'm mainly interested in the issue of ultimate recipients or, as you put it, “beneficial owners”. It mainly concerns the Canada Revenue Agency, which has an agreement with the Financial Transactions and Reports Analysis Centre of Canada, or FINTRAC, to provide information. I noticed the following problem. The agency collects a great deal of information from FINTRAC, particularly on transactions of $10,000 or more. The agency recently informed us that it did not follow up after receiving FINTRAC documents to determine whether the information received had been effective.
In the case that concerns us today, we realize that if, for example, you have information about the ultimate beneficiary or beneficial owner of an entity, of a corporation, you can't disclose it to the Canada Revenue Agency. That's the current problem, is it not?