That's correct. This may seem somewhat paradoxical, but in our work we often see institutions or businesses that, out of a desire to please, provide information that is not required. We saw that in the case of the Financial Transactions Reports Analysis Centre of Canada—FINTRAC—in our recent audit.
For the sake of prudence, we suggest, not that this be included in the act, but that, in the event the bill is passed, the government use its regulatory power to describe this in regulations so that it's accessible and well explained to everyone.