GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 24.14
24.14 A factor shall keep the following records in respect of every factoring agreement that it enters into: (a) an information record in respect of the person or entity with whom it enters into the agreement; (b) if the information record is in respect of an entity, a record of the name, address and date of birth of every person who enters into the agreement on behalf of the entity and the nature of the person’s principal business or their occupation; (c) if the information record is in respect of a corporation, a copy of the part of official corporate records that contains any provision relating to the power to bind the corporation in respect of transactions with the factor; (d) a record of the financial capacity of the person or entity with which it enters into the agreement and the terms of the agreement; (e) for any payment it makes, a record of (i) the date of the payment, (ii) if the payment is in funds, the type and amount of each type of funds involved, (iii) if the payment is not in funds, the type of payment and its value, (iv) the method by which the payment is made, (v) the name of every person or entity involved in the payment, and (vi) every account number or other equivalent reference number connected to the payment; and (f) a receipt of funds record in respect of every amount of $3,000 or more that it receives, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2025-68, s. 3
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 24.15
24.15 A financing or leasing entity is engaged in a business or profession for the purposes of paragraph 5(j) of the Act when it is financing or leasing (a) property, other than real property or immovables, for business purposes; (b) passenger vehicles in Canada; or (c) property, other than real property or immovables, that is valued at $100,000 or more. SOR/2025-68, s. 3
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 24.16
24.16 A financing or leasing entity that receives an amount of $10,000 or more in cash in a single transaction in connection with an activity referred to in section 24.15 shall report the transaction to the Centre, together with the information set out in Schedule 1, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2025-68, s. 3
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 24.17
24.17 A financing or leasing entity that receives an amount of $10,000 or more in virtual currency in a single transaction in connection with an activity referred to in section 24.15 shall report the transaction to the Centre, together with the information set out in Schedule 4. SOR/2025-68, s. 3
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 24.18
24.18 A financing or leasing entity shall keep a large cash transaction record in respect of every amount of $10,000 or more in cash that it receives in a single transaction in connection with an activity referred to in section 24.15, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2025-68, s. 3
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 24.19
24.19 A financing or leasing entity shall keep a large virtual currency transaction record in respect of every amount of $10,000 or more in virtual currency that it receives in a single transaction in connection with an activity referred to in section 24.15, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2025-68, s. 3
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 24.2
24.2 A financing or leasing entity shall keep the following records in connection with an activity referred to in section 24.15 in respect of every financing or leasing arrangement that it enters into: (a) an information record in respect of the person or entity with which it enters into the arrangement; (b) if the information record is in respect of an entity, a record of the name, address and date of birth of every person who enters into the arrangement on behalf of the entity and the nature of the person’s principal business or their occupation; (c) if the information record is in respect of a corporation, a copy of the part of official corporate records that contains any provision relating to the power to bind the corporation in respect of transactions with the financial or leasing entity; (d) a record of the financial capacity of the person or entity with which it enters into the arrangement and the terms of the arrangement; and (e) in respect of every payment that it receives under the arrangement, other than a payment received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body, a record of (i) the date of the payment, (ii) the name of the person or entity that makes the payment, (iii) the amount of the payment and of any part of it that is made in cash, and (iv) the method by which the payment is made. SOR/2025-68, s. 3
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 25
25 A securities dealer that receives an amount of $10,000 or more in cash from a person or entity in a single transaction shall report the transaction to the Centre, together with the information set out in Schedule 1, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 26
26 A securities dealer that receives an amount of $10,000 or more in virtual currency from a person or entity in a single transaction shall report the transaction to the Centre, together with the information set out in Schedule 4. SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 27
27 A securities dealer shall keep a large cash transaction record in respect of every amount of $10,000 or more in cash that they receive from a person or entity in a single transaction, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 28
28 A securities dealer shall keep a large virtual currency transaction record in respect of every amount of $10,000 or more in virtual currency that they receive from a person or entity in a single transaction, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2002-184, s. 75; SOR/2003-358, s. 8; SOR/2007-122, s. 36; SOR/2016-153, s. 81(F) SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 29
29 A securities dealer shall keep the following records in respect of every account that they open: (a) every signature card; (b) a record for each account holder and every other person — up to three, in the case of a business account — who is authorized to give instructions in respect of the account, containing their name and address, the nature of their principal business or their occupation and, in the case of a person, their date of birth; (c) if an account holder is a corporation, a copy of the part of its official corporate records that contains any provision relating to the power to bind the corporation in respect of the account; (d) a record that sets out the intended use of the account; (e) a record of every application in respect of the account; (f) every account operating agreement that they create or receive in respect of the account; (g) every confirmation of purchase or sale, guarantee, trade authorization, power of attorney and joint account agreement and all correspondence that pertains to the operation of the account; and (h) a copy of every account statement that they send to an account holder. SOR/2016-153, s. 81(F) SOR/2019-240, s. 28 SOR/2020-112, s. 6
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 29.1
29.1 For the purposes of subparagraphs 5(h)(v) and (h.1)(v) of the Act, crowdfunding platform services and cheque-cashing services are prescribed services. SOR/2022-76, s. 2 SOR/2025-68, s. 4
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 30
30 (1) A money services business shall report the following transactions and information to the Centre: (a) the receipt from a person or entity of an amount of $10,000 or more in cash in a single transaction, together with the information set out in Schedule 1; (b) the initiation, at the request of a person or entity, of an international electronic funds transfer of $10,000 or more in a single transaction, together with the information set out in Schedule 2; (c) the final receipt of an international electronic funds transfer of $10,000 or more in a single transaction, together with the information set out in Schedule 3; (d) the initiation, at the request of a person or entity, of an international electronic funds transfer of $10,000 or more in a single transaction, together with the information set out in Schedule 2, if the money services business also finally receives or is to finally receive the electronic funds transfer; (e) the final receipt of an international electronic funds transfer of $10,000 or more in a single transaction, together with the information set out in Schedule 3, if the money services business also initiated the electronic funds transfer; and (f) the receipt from a person or entity of an amount of $10,000 or more in virtual currency in a single transaction, together with the information set out in Schedule 4. (2) A money services business is not required to report the transaction and information under paragraph (1)(a) if the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2007-122, ss. 37, 76; SOR/2008-21, s. 6; SOR/2016-153, ss. 28, 81(F) SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 31
31 A money services business shall keep a large cash transaction record in respect of every amount of $10,000 or more in cash that they receive from a person or entity in a single transaction, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2007-122, s. 38; SOR/2016-153, s. 29 SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 32
32 A money services business shall keep a large virtual currency transaction record in respect of every amount of $10,000 or more in virtual currency that they receive from a person or entity in a single transaction, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2007-122, s. 38; SOR/2016-153, s. 81(F) SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 32.1
32.1 A money services business is not required to report the transaction or information referred to in paragraph 30(1)(a) or (f) or to keep the record referred to in section 31 or 32 if the cash or virtual currency is received only for the purpose of transport (a) to or from a person or entity referred to in section 5 of the Act, if the transport is carried out at the request of such a person or entity and the cash or virtual currency is of an amount that is not declared to the money services business and that they cannot readily determine; (b) between the Bank of Canada and a person or entity in Canada; or (c) between two places of business of the same person or entity, if that person or entity is referred to in section 5 of the Act and the transport is carried out at their request. SOR/2023-193, s. 8
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 33
33 (1) A foreign money services business shall report the following transactions and information to the Centre: (a) the receipt from a person or entity in Canada of an amount of $10,000 or more in cash in a single transaction, together with the information set out in Schedule 1; (b) the initiation, at the request of a person or entity in Canada, of an electronic funds transfer of $10,000 or more in a single transaction, together with the information set out in Schedule 2, if the electronic funds transfer is sent or is to be sent from one country to another; (c) the final receipt of an electronic funds transfer of $10,000 or more in a single transaction, together with the information set out in Schedule 3, if the electronic funds transfer was sent from one country to another and the beneficiary is in Canada; (d) the initiation, at the request of a person or entity in Canada, of an international electronic funds transfer of $10,000 or more in a single transaction, together with the information set out in Schedule 2, if the foreign money services business also finally receives or is to finally receive the electronic funds transfer; (e) the final receipt of an international electronic funds transfer of $10,000 or more in a single transaction, together with the information set out in Schedule 3, if the foreign money services business also initiated the electronic funds transfer and the beneficiary is in Canada; and (f) the receipt from a person or entity in Canada of an amount of $10,000 or more in virtual currency in a single transaction, together with the information set out in Schedule 4. (2) A foreign money services business is not required to report the transaction and information under paragraph (1)(a) if the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2007-293, s. 14 SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 34
34 A foreign money services business shall keep a large cash transaction record in respect of every amount of $10,000 or more in cash that they receive from a person or entity in Canada in a single transaction, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 35
35 A foreign money services business shall keep a large virtual currency transaction record in respect of every amount of $10,000 or more in virtual currency that they receive from a person or entity in Canada in a single transaction, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 35.1
35.1 A foreign money services business is not required to report the transaction or information referred to in paragraph 33(1)(a) or (f) or to keep the record referred to in section 34 or 35 if the cash or virtual currency is received only for the purpose of transport (a) to or from a person or entity referred to in section 5 of the Act, if the transport is carried out at the request of such a person or entity and the cash or virtual currency is of an amount that is not declared to the foreign money services business and that they cannot readily determine; (b) between the Bank of Canada and a person or entity in Canada; or (c) between two places of business of the same person or entity, if that person or entity is referred to in section 5 of the Act and the transport is carried out at their request. SOR/2023-193, s. 9
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 36.1
36.1 A money services business, in connection with crowdfunding platform services that they provide, and a foreign money services business, in connection with crowdfunding platform services that they provide to persons or entities in Canada, shall (a) keep an information record in respect of the person or entity to which they provide those services; (b) keep a record of the purpose for which the funds or virtual currency are being raised; and (c) if the person or entity for which the funds or virtual currency are being raised is different from the person or entity referred to in paragraph (a), (i) keep a record of their name, and (ii) take reasonable measures to obtain their address, the nature of their principal business or their occupation and, in the case of a person, their date of birth, and keep a record of the information obtained. SOR/2022-76, s. 3
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 37
37 A money services business that enters into an agreement with an entity to provide a service referred to in any of subparagraphs 5(h)(i) to (v) of the Act to that entity — and a foreign money services business that enters into an agreement with an entity in Canada to provide a service referred to in any of subparagraphs 5(h.1)(i) to (v) of the Act to that entity — shall keep (a) a record of the name, address and date of birth of every person who signs the agreement on behalf of the entity and the nature of the person’s principal business or their occupation; (b) an information record in respect of the entity; (c) if the entity is a corporation, a copy of the part of its official corporate records that contains any provision relating to the power to bind the corporation in respect of transactions with the money services business or foreign money services business; and (d) a list containing the name, address and date of birth of every employee of the entity who is authorized to order a transaction under the agreement. SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 37.1
37.1 (1) The documents referred to in subsection 9.93(2) of the Act must be issued no more than six months before the day on which they are reviewed under subsection 9.93(1) of the Act. (2) For the purposes of subsection 9.93(4) of the Act, a money services business must retain the documents that it obtains under subsection 9.93(1) of the Act for a period of five years after the day on which the records are obtained. SOR/2024-266, s. 1
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 38
38 (1) A British Columbia notary public or British Columbia notary corporation is engaged in a business or profession for the purposes of paragraph 5(j) of the Act when, on behalf of a person or entity, they (a) receive or pay funds or virtual currency, other than in respect of professional fees, disbursements, expenses or bail; (b) purchase or sell securities, real property or immovables or business assets or entities; (c) transfer funds, virtual currency or securities by any means; or (d) give instructions in connection with an activity referred to in any of paragraphs (a) to (c). (2) Subsection (1) does not apply to a British Columbia notary public who is acting in the capacity of an employee. SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 39
39 A British Columbia notary public or British Columbia notary corporation that receives an amount of $10,000 or more in cash in a single transaction in connection with an activity referred to in section 38 shall report the transaction to the Centre, together with the information set out in Schedule 1, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 40
40 A British Columbia notary public or British Columbia notary corporation that receives an amount of $10,000 or more in virtual currency in a single transaction in connection with an activity referred to in section 38 shall report the transaction to the Centre, together with the information set out in Schedule 4. SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 41
41 A British Columbia notary public or British Columbia notary corporation shall keep a large cash transaction record in respect of every amount of $10,000 or more in cash that they receive in a single transaction in connection with an activity referred to in section 38, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 42
42 A British Columbia notary public or British Columbia notary corporation shall keep a large virtual currency transaction record in respect of every amount of $10,000 or more in virtual currency that they receive in a single transaction in connection with an activity referred to in section 38, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body. SOR/2019-240, s. 28
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 43
43 A British Columbia notary public or British Columbia notary corporation shall keep the following records in connection with an activity referred to in section 38: (a) a receipt of funds record in respect of every amount of $3,000 or more that they receive, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body; and (b) if the receipt of funds record is in respect of a corporation, a copy of the part of official corporate records that contains any provision relating to the power to bind the corporation in respect of transactions with the British Columbia notary public or British Columbia notary corporation. SOR/2007-122, s. 39 SOR/2019-240, s. 31
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 44
44 (1) Subject to subsection (2), every legal counsel and every legal firm is subject to Part 1 of the Act when they engage in any of the following activities on behalf of any person or entity: (a) receiving or paying funds, other than those received or paid in respect of professional fees, disbursements, expenses or bail; or (b) giving instructions in respect of any activity referred to in paragraph (a). (2) Subsection (1) does not apply in respect of legal counsel when they engage in any of the activities referred to in that subsection on behalf of their employer. SOR/2007-293, s. 14 SOR/2019-240, s. 29
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 45
45 Subject to subsection 62(2), every legal counsel and every legal firm shall, when engaging in an activity described in section 33.3, keep the following records: (a) a receipt of funds record in respect of every amount of $3,000 or more that they receive in the course of a single transaction, unless the amount is received from a financial entity or a public body; and (b) where the receipt of funds record is in respect of a client that is a corporation, a copy of the part of official corporate records that contains any provision relating to the power to bind the corporation in respect of transactions with the legal counsel or legal firm. SOR/2007-293, s. 14 SOR/2019-240, s. 30