Our mandate is, and we were set up very specifically, not to be an investigative unit. It's very important to understand that the reports we receive from our reporting entity under the PCMLTFA are warrant list reports.
For example, of the threshold reports of $10,000 in or out of Canada, or anything above $10,000, the vast majority that we receive are on legitimate Canadians doing legitimate business, or legitimate organizations sending money for business purposes. We have a role in protecting the privacy of that.
We are not an investigative agency; otherwise, we would not be able to receive the reports that we receive, because we provide the intelligence to law enforcement. Law enforcement will then use that as part of their investigation to develop and obtain the evidence that they need to go forward in court.
We are also set up as an independent, arm's-length agency from the government. It is part of the Financial Action Task Force requirements for an FIU to be independent of government and not to take direction, as you suggested, to investigate specific individuals or specific groups.
We have our mandate and we know what we need to do. Our reporting entities are very strong partners. The due diligence that they provide on a daily basis to monitor these transactions and to work with us to monitor the right transactions has proven to be extremely successful. The regime is set up with 13 different departments and agencies, each of which has a specific mandate, and they work together in order to enhance and to strengthen the regime in Canada, and to ensure that we have what we need to have in order to combat money laundering and terrorist activity financing.