Thank you, Mr. Chair.
I'm going to go back to where I left off with my last round of questioning.
All these Canadian crowdfunding platforms are regulated through provincial securities regulators. They are covered under FINTRAC when the transactions go there. The crowdfunding platforms in Canada, specifically GoFundMe, are regulated. When activities were deemed to be illegal, they ceased to provide funds to the organization. The one gap we have is GiveSendGo—an offshore non-Canadian entity, to which some Canadian funds and some other funds were going—which we are not sure where it fits in the regulations. That's where we are at.
This is the part that I think concerns many of the members of this committee, namely the implications of foreign funds and foreign organizations that are not regulated by Canadian institutions such as FINTRAC being able to destabilize operations or governments in Canada.
I'm not sure how FINTRAC is going to be able to regulate these foreign platforms. Can you comment on that?