Mr. Speaker, that is a good way to illustrate my suggestion that the Privacy Commissioner appear as a witness to reveal what effect this will have on privacy.
We could also study its effect on other individuals within the same community. The Desjardins group is based on the democratization of banking and financial processes. In the beginning, each credit union had a credit committee made up of people elected locally to review credit applications. In small municipalities, this often led to friction. Privacy must be guaranteed.
In this sense, we must also make certain that this does not become an open door for terrorist groups. If we regulate this problem only among the big banks and suddenly open a side door to the smaller institutions, we must ensure that they have sufficient protection, that they are able to deal with this influx, and that tools exist to properly identify relatively ordinary transactions without disproportionate costs. We must not find ourselves faced with the monetary flows to finance terrorist groups taking a new path that is not covered by this legislation.