Thank you; that is very clear. However, I am still going to ask you for a second confirmation.
To my knowledge, when someone opens a bank account or obtains a credit card by fraud, the financial institution is obliged to report it. However, I believe that if an institution saw that an account had been opened at midnight with somewhat shady information and decided to block the transaction, it was not obliged to report the event, given that no fraud had been committed.
If I understand correctly, you are telling me that even those cases must be reported to FINTRAC by financial institutions. Is that right?