Finance committee  I think without a doubt any time you have a large database of potentially interesting information to anybody, it's going to pose a security challenge. I think that needs to be weighed, though, against the cost of having everybody repeat this exercise individually. Given the fact

Finance committee  No, I think that's exactly it. We're seeing more and more of the service groups developing as regulatory compliance demands increase.

Finance committee  FINTRAC has for some time created their typologies and trends reports. I can't say that I've seen one recently, but those reports spoke very much to what you're suggesting. I think there's always room to do it to a greater extent and to share it more extensively. That's definitel

Finance committee  To address your comment on whether we feel targeted, I think the answer to that is no. There seems to be a common misconception that credit unions somehow are weaker or less stringent in the exercise of their due diligence. I can assure you that's not the case. We have to live by

Finance committee  The FATF has actually, within its recommendations on financial inclusion in particular, put out quite a significant paper on how a simplified approach to due diligence can encourage financial participation in the economy. Some of the things they are citing are issues like verifyi

Finance committee  Yes.

Finance committee  Your comment that perhaps the smaller credit unions are not able to use technology as much is partially true, but most do have very sophisticated banking systems that do allow detection of the types of transactions you're talking about. For transactions that would violate the 24-