Finance committee  I don't see it so much as gaps being filled. I think the difference is that, because this was mandated, versus allowing organizations the discretion to decide when something should or should not be reported—for example, to engage law enforcement or what have you—that is what presented the challenge.

Finance committee  Thank you.

Finance committee  That's something I could take away.

Finance committee  I'm sorry, but could you repeat the question?

Finance committee  Okay, that is similar to the question that was asked earlier, about the impact of someone's being identified by the RCMP. As I mentioned before, there would not be a blanket approach. Each organization would determine their risk assessment, as they always do, based on the specific individual.

Finance committee  I'm sorry, but when I say there wouldn't be a blanket approach, what I'm saying is that a bank wouldn't all of a sudden generate a list and say “Here are the lists that we've received”. It's no different from your learning that someone else had conducted an activity in your account.

Finance committee  I would say pretty much that having had from the get-go the clarity we were getting in real time would be very helpful. First of all would be being able to assure our customers right away that the vast, vast, vast majority of them will not be impacted by this. I would say that, as with other things, when you're used to a process, then you know what to expect.

Finance committee  There is not at this time.

Finance committee  I could get a breakdown of it, but there were at least a couple of corporate. I'm working from memory now.

Finance committee  That's correct.

Finance committee  That's correct.

Finance committee  It would depend on each particular institution and what was in their records. Let's say, for example, that they said this individual has been funding events in Ottawa, and then you can see.... Again, it's because we were asked to look at these specific individuals that we then looked specifically into their transactions or accounts.

Finance committee  That's right. The lists came from the RCMP. My understanding is that the government did not have a line of sight into those lists, but, obviously, the guidance on how to implement was coming from the government.

Finance committee  We were implementing quite quickly. We had staff ready. It would have been within 24 hours.

Finance committee  That's correct.