Finance committee  The closer we work with our partners, the better it is for the regime.

Finance committee  That is absolutely right. In fact the increase in reporting, we think, may be because of an increase in activities, but also it might be because we're much better aligned in our work with the enforcement agencies. We're much more responsive to their needs than we used to be in th

Finance committee  There are two things we do right now when it comes to the relationship we have with CRA. The first one is that if we see a report that may look suspicious, we have the capacity to disclose it to CRA if it meets two thresholds. The first one is money laundering and the second one,

Finance committee  They don't have a reciprocal obligation. What is happening now, as of January 1, 2015, is that CRA does receive the international fund transfer directly from the reporting entities.

Finance committee  CRA would have to report to the law enforcement agencies and national security agencies with which we work, so there is a continuum in terms of partnership. But it's difficult for CRA, unless they do specific analysis of international fund transfers, to see terrorism financing. C

Finance committee  No, not at all. In fact, FINTRAC has all the tools it needs to receive the information and to disclose the information it has to disclose. Bill C-51 has no bearing on our organization. We keep the authorities we have exactly.

Finance committee  We do not disclose to the Minister of Finance the operations of FINTRAC. We do not disclose names. We do not disclose amounts of money. We do disclose strategic papers in terms of trends, those kinds of issues, but we do not disclose—and that's specifically why the legislation

Finance committee  Transferring funds can be done in various ways including electronic funds transfers. It can be done through cash smuggling. It may be through the exchange of goods. It may be through an informal mechanism whereby you give the money to a relative here in Canada who knows somebody

Finance committee  We have not necessarily. I would say we have not, according to our own data holdings. I don't know, Luc, if you have a more precise answer.

Finance committee  Well, the money may go to different groups through different routes. Basically, some people would carry the money with them in order to finance their own operations abroad. It's very difficult in fact to pinpoint which group receives what amounts of money. Maybe CSIS would be in

Finance committee  We do. We are a member of the Egmont Group, which is an organization of 147 countries and includes FINTRAC. We do have, in fact, a memorandum of understanding with 90 of these countries. So yes, we do exchange information with them on an ongoing basis.

Finance committee  We do share best practices as well. In fact, we teach one another. In the context of the Egmont plenary in June. FINTRAC will be hosting a seminar on terrorism financing on behalf of the Egmont Group.

Finance committee  Well, that's one of the challenges we face. The automatic reports that are higher than $10,000—if you need a different criterion—are reported to us. We know that terrorism financing is done at a much lower level. Since we do not have access to reports under $10,000, again, it's i

Finance committee  In fact, we're working with our finance partner on the possibility of reducing the electronic fund transfer to $0. So far it hasn't been possible for all kinds of reasons, one of them being technical, because we did not have the technical means to analyze such a huge data holding

Finance committee  I would say, Mr. Chair, it was caused by two things. The first was that, as soon as the unfortunate shootout happened in Ottawa, we sent an email to all the reporting entities asking them—given the fact that the names of perpetrators were public—to go to their holdings and report