Mr. Chair, first, we appreciate that our collaboration with authorities and our work in responsibly handling this unprecedented, fast-moving and complex fundraiser was recognized by the committee. Thank you for that. It continues to be our endeavour to be the most responsible platform. We appreciate the recognition.
I'd also like to remind the committee that the 88% of funds that we saw donated from Canada was on the GoFundMe platform, and we cannot comment on what might have happened on other platforms that sought to run this fundraiser after we shut it down.
Our fundraising diligence does focus first on the recipient of funds. As would be common in the financial services ecosystem, that's where the so-called KYC, or “know your customer”, checks and the greatest diligence occurs, to know who will be receiving the funds and who owns the accounts that the funds will be deposited in. To do that, we run a system of checks that GoFundMe employees do. We collaborate with our payment processors, who also perform diligence in their checks. We oftentimes use their tools to perform that diligence about the funds' recipients and the owners of those accounts. Then, of course, the banks themselves would also be verifying the identity and “allowance”, let's say, of whoever owned those accounts to be on their platform and receive those funds.
On the donation side, donations can evolve quickly and rapidly. We do a risk-based review of donations based on the tools that we have—tools from third parties and our manual assessments that may happen. We progressively do those reviews based on the nature of the campaign. In this case, it was an unprecedented, fast-moving campaign with significant impacts, so we stepped up our donation reviews and proactively did that review of foreign sources. We feel comfortable with our policies and processes associated with those reviews.