Yes, Mr. Chair. Thank you for the question.
We realized that there were gaps in the system as to what our colleagues at the Financial Transaction and Report Analysis Centre of Canada, FINTRAC, could capture. We realized that it didn't capture crowdfunding platforms—not all of them—or payment service providers, so when the order came into force, crowdfunding platforms and payment service providers had to register with FINTRAC and report any suspicious transactions to FINTRAC.
This was in order to help mitigate the fact that these platforms received illicit funds, and to increase the quality and quantity of intelligence received by FINTRAC. That also allowed to them make more information available to support investigations by law enforcement.