Thank you, Mr. Chair.
My thanks to all the witnesses who are here to share their expertise with us.
My first question goes to Mr. MacKillop and deals with the very important work that FINTRAC is doing. We in Canada are also very proud that we have some of the highest standards for detecting financial crime.
Mr. MacKillop, you were talking about collaboration. It's very important for the government to put its faith in collaboration, particularly by creating a Canadian agency to fight financial crime.
We are passing bills and establishing standards to ensure that financial companies and banks can quickly detect financial crime or potentially fraudulent transactions. You were talking about red flags, and I found that very interesting. We actually have some of the highest standards. I also know that you took part in the consultations that led to the development of those standards, so my thanks to you for that.
I would like to know what mechanisms are put into motion to immediately advise authorities of potential problems that then need to be checked.