Thank you for the question.
FINTRAC started to receive suspicious transaction reports from our reporting entities around the month of June. For the most part, it was really our large financial institutions that were reporting on CERB and a number of benefits that were coming in with certain clients. They would see clients receiving benefits under different names and so forth, so that really tweaked them to the fact that it may be odd and it may be suspicious.
They reported that, as they should, to FINTRAC, given that if it were in fact fraud, the proceeds of that I think would be related to money laundering. When we receive reports like that, we certainly examine them. We do our analysis. If we meet our threshold, we disclose that information to law enforcement, to either the RCMP or the police of jurisdiction or both.
It was around the month of June that several of the banks started noticing these types of deposits and suspicious deposits going into certain bank accounts.