Thank you for the question. I wasn't sure if Donna was going to jump in there on the regulatory side.
I believe you're correct. There is some regulation of crowdfunding, but I'm not sure and I'm not an expert on who regulates the crowdfunding platforms.
However, Mr. Chair, it is correct that there is always a touchpoint with a financial institution that is regulated by FINTRAC and that does provide reports to FINTRAC on money going through their own bank account or money being disbursed from their bank account to the person or entity who set up a pageāfor example, a GoFundMe page. GoFundMe would have disbursed the money, and it would have been through a bank or a financial institution.