Thank you very much for the question.
The obligation for money services businesses to register has been in place for several years now. What we did through budget 2023 was try to strengthen the requirements for registration—for example, the kinds of documents required for criminal record checks and the types of verification required for translated documents coming from other countries. Anything we can do to ensure we're not registering MSBs that might have business owners who are criminals or who are involved in organized crime protects Canada from these types of crimes.