Declaration of Emergency committee  That's true to the best of my knowledge as well. I think the RCMP would be able to respond more directly in terms of the content of the discussions they had with the banks, but FINTRAC was not involved.

Declaration of Emergency committee  Not particularly from my perspective, Mr. Chair. Because the accounts were frozen and the fundraising was essentially frozen at that point and ceased, we would not have seen any transactions. We don't monitor transactions anyway. Whether or not it had the effect, it would appea

Declaration of Emergency committee  That is correct, sir.

Declaration of Emergency committee  No. In fact, we cannot go back to financial institutions and provide them information on specific target information.

Declaration of Emergency committee  No, Mr. Chair. If law enforcement and RCMP were to come to us, it would be in the context of their own investigations if there were investigations ongoing. It would only be for money laundering or terrorist financing, which means that we could not just give them information so t

Declaration of Emergency committee  Are you referring to any of the individuals, sir?

Declaration of Emergency committee  Some of them would have come back with voluntary information records whereby they would be seeking information or intelligence from FINTRAC on individuals they were investigating. The reasons for the investigation might vary, but there would have to be at least the suspicion that

Declaration of Emergency committee  I'm sorry, relationships with whom...?

Declaration of Emergency committee  We have a very good relationship and an ongoing relationship with FinCEN, which is FINTRAC's counterpart in the U.S. They were well aware of what was going on in Canada. They also received suspicious activity reports from their entities, but I don't believe the crowdfunding platf

Declaration of Emergency committee  I'm not sure. I would turn to Ms. Achimov with respect to the compliance side. The opportunity to provide money from outside Canada into Canada will always exist, and these platforms are international, but I believe having the crowdfunding platforms now as reporting entities to

Declaration of Emergency committee  I'm very sorry. It's a suspicious transaction report.

Declaration of Emergency committee  Mr. Chair, our threshold is a level of suspicion, so it's reasonable grounds to suspect. It is much lower than investigation, much lower than court. What we provide to law enforcement or national security or CBSA or internationally is intelligence only; it is not evidence. It is

Declaration of Emergency committee  That is correct, Madam Chair. I was made aware of it perhaps a day before it went public. We were briefed on this, but not in the development of this.

Declaration of Emergency committee  That is correct, Madam Chair. The reporting is with respect to money laundering and/or terrorist financing suspicions. That is the same level of suspicion on which reporting currently happens, and has happened historically. What it did was indicate that there are individuals at t

Declaration of Emergency committee  Madam Chair, to be clear, our mandate with respect to the reporting—it's not every transaction that gets reported to FINTRAC. FINTRAC does not monitor every transaction in Canada. We don't monitor transactions.... Regardless, under the emergency measures, it did not increase our