The Globe and Mail reports in its Thursday edition that Canada's banking lobby group is calling on Ottawa to overhaul the framework that lenders use to monitor and report suspicious activity that could be linked to money laundering or terrorist financing. The Globe's Stefanie Marotta and Alexandra Posadzki write that in Canada, financial institutions must file suspicious transaction reports which track individual transactions where there is reasonable grounds to suspect such activities. But advocates of reform say authorities and banks could more effectively identify patterns of suspicious behaviour by switching to a system used in the United States and Britain. The Canadian Bankers Association says that the country's "high volume, low value" reporting system must shift to focus on better detection and enforcement. "The concern is if you hand over too much information, do you see the needle in the haystack?" said Hartland Elcock, senior legal counsel at the CBA, told The Globe. The country's largest lenders have faced heightened scrutiny from regulators to crack down on financial crimes, with TD Bank receiving the most recent and severe blow after it pleaded guilty to conspiracy to commit money laundering in the U.S.