Mr. Speaker, part of the reason we are sending the bill to committee is to ensure we look at a lot of avenues, including how do we ensure credit unions and those kinds of organizations are able to deal with the kinds of changes being recommended in the bill.
Credit unions are have been very successful in the country. I bet if we took a poll of the 306 members here, many of us, at some point or another in our lives, have participated and have been members of various credit union.
As we move forward on the legislation, it is important to ensure that this protection is there and that what we bring in is not so cumbersome it becomes impossible for smaller banks and credit unions to work with and work through. However, we also have to remember how important it is for us to ensure that we do our jobs as parliamentarians, which is to ensure the safety of Canadians and many other people when it comes to financing terrorist activities through a variety of ways.
I am quite sure people would be aware of our trusting attitude toward credit unions and because of that, they would not be watched quite as carefully. We need to ensure we bring things in place that allow us to achieve our goal in terms of money laundering, but that do not become impossible for our various institutions to deal with.