You're correct. There was a cyber-incident that took their registration system off-line in 2024. That system has not been put back online. It took them a few months to find a workaround, and that workaround is still in place. We looked at the slowness of that and the impact that it would have on registration. There is a backlog of money businesses that are trying to register in order to operate legally here in Canada.
The investment of money that they received to work on their IT systems hasn't been spent, and they still don't have a clear timeline for putting that system back online. We have made a few recommendations in that area, because you need to leverage technology in this field in order to provide timely and relevant financial intelligence.