Thank you very much.
In budget 2023, in order to increase information sharing from FINTRAC, we established powers for FINTRAC to disseminate strategic analysis related to the financing of threats to the security of Canada. We also expanded the designated information that FINTRAC is allowed to disclose to law enforcement when it has reasonable grounds to believe that the information would be relevant to investigating or prosecuting a money laundering or terrorist financing offence. OSFI, the prudential supervisor for banks in Canada, was designated as a recipient of FINTRAC financial intelligence as it pertains to threats to the security of Canada.
In addition, in the fall economic statement in 2023, in order to combat environmental crimes, FINTRAC.... It's under consideration, as the bill hasn't passed yet, but it is proposed that FINTRAC be able to share financial intelligence information with Environment and Climate Change Canada and the Department of Fisheries and Oceans to combat environmental crime.