Thank you, Mr. Chair.
Getting back to your earlier point, only 15% of companies are incorporated federally, so it's very important that we have the provinces step up with similar beneficial ownership registries for corporations.
I want to touch on a number you mentioned earlier. You said there were 24,000 entities reporting to FINTRAC. I saw in the last annual report that about 35 million transactions are reported to FINTRAC every year. In some ways, that's a tremendous amount of information. A lot of times, for a lot of these transactions reported, it's like trying to find a needle in a haystack.
I was hoping you might be able to explain what the government is doing to make sure the information shared with FINTRAC can get to the appropriate authorities in a way that's useful for decisions and investigations, so they can determine whether any suspicious transactions for organized crime are involved.