Thank you, Mr. Chair.
Good afternoon, Ms. Achimov and Mr. MacKillop.
I would like to commend my fellow members on their statements. The one made by Ms. Dzerowicz was particularly touching and heartfelt.
Before discussing the Emergencies Act itself, I would like to properly understand what FINTRAC does when accounts are frozen.
I'm going to give you a hypothetical situation to make sure that I have understood correctly. Let's say that a financial institution observes a suspicious money transfer or suspicious activity in an account. Under the ordinary legislation, the institution can freeze the account and then report it to you. On your end, after analyzing the situation, you conduct a follow‑up. Is that correct?