Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 1
d under provincial legislation to act as an intermediary between a lender and a borrower with respect to loans secured by mortgages on real property or hypothecs on immovables. ( courtier hypothécaire ) mortgage lender means a person or entity, other than a financial entity, that is engaged in the business of providing loans secured by mortgages on real property or hypothecs on immovables. ( prêteur hypothécaire ) ongoing monitoring [Repealed, SOR/2019-240, s. 22] passenger vehicle means a motor vehicle — other than an ambulance, a hearse, a motor vehicle that is clearly marked for policing activities, a motor vehicle that is clearly marked and equipped for emergency medical response activities or emergency fire response activities or a utility truck — that is designed or adapted primarily to carry no more than 10 individuals on highways and streets. ( véhicule de tourisme ) physical presence [Repealed, SOR/2019-240, s. 22] precious metal means gold, silver, palladium or platinum in the form of coins, bars, ingots or granules or in any other similar form. ( métal précieux ) precious stones means diamonds, sapphires, emeralds, tanzanite, rubies or alexandrite. ( pierre précieuse ) prepaid payment product means a product that is issued by a financial entity and that enables a person or entity to engage in a transaction by giving them electronic access to funds or virtual currency paid to a prepaid payment product account held with the financial entity in advance of the transaction. It excludes a product that (a) enables a person or entity to access a credit or debit account or one that is issued for use only with particular merchants; or (b) is issued for single use for the purposes of a retail rebate program. ( produit de paiement prépayé ) prepaid payment product account means an account — other than an account to which only a public body or, if doing so for the purposes of humanitarian aid, a registered charity as defined in subsection 248(1) of the Income Tax Act , can add funds or virtual currency — that is connected to a prepaid payment product and that permits (a) funds or virtual currency that total $1,000 or more to be added to the account within a 24-hour period; or (b) a balance of funds or virtual currency of $1,000 or more to be maintained. ( compte de produit de paiement prépayé ) public body means (a) a department or an agent of His Majesty in right of Canada or an agent or mandatary of His Majesty in right of a province; (b) an incorporated city or town, village, metropolitan authority, township, district, county, rural municipality or other incorporated municipal body in Canada or an agent or mandatary in Canada of any of them; and (c) an organization that operates a public hospital and that is designated by the Minister of National Revenue as a hospital authority under the Excise Tax Act , or an agent or mandatary of such an organization. ( organisme public ) real estate broker or sales representative means a person or entity that is authorized under provincial legislation to act as an agent or mandatary for purchasers or vendors in respect of the purchase or sale of real property or immovables. ( courtier ou agent immobilier ) real estate developer means a person or entity that, in any calendar year after 2007, has sold to the public, other than in the capacity of a real estate broker or sales representative, (a) five or more new houses or condominium units; (b) one or more new commercial or industrial buildings; or (c) one or more new multi-unit residential buildings each of which contains five or more residential units, or two or more new multi-unit residential buildings that together contain five or more residential units. ( promoteur immobilier ) receipt of funds record means a record that indicates the receipt of an amount of funds and that contains the following information: (a) the date of the receipt; (b) if the amount is received from a person, their name, address and date of birth and the nature of t