Thank you very much for the question, Ms. Michaud.
We are still reviewing what we can do to improve our system and to identify other sectors that ought to be covered by the act.
There has to be a balance between the desire to have as much information as possible and the protection of privacy. As the Deputy Director responsible for intelligence, I would like to have as much intelligence as possible. However, a balance must always be struck between what is reported to FINTRAC and respect for people's privacy and financial information.
We are always looking for other sectors that might be covered by the act in order to improve our system. However, I don't think we can just add sectors because they are being used. What needs to be determined is whether a given sector is at risk of money-laundering or financing terrorism. It's important to know what these platforms can give us in terms of intelligence.
Don't forget that sites like GoFundMe are located in the United States, not Canada. They are therefore not subject to Canadian legislation just as any sites that operate out of Canada are not subject to U.S. legislation. Changes should not be made without first carrying out the necessary studies to determine whether there is a way of improving our system or using other sources.
The same thing happened with cryptocurrency sites. They were not subject to the act, but they are now. These sites now send us reports on cryptocurrencies. We always strive to move things forward and improve our system.