GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 72
72 (1) A casino shall keep a large cash transaction record in respect of every amount of $10,000 or more in cash that the casino receives 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. (2) For greater certainty, the transactions referred to in subsection (1) include the following: (a) the sale of chips, tokens or plaques; (b) a front cash deposit; (c) a safekeeping deposit; (d) the repayment of any form of credit, including repayment by a marker or a counter cheque; (e) a bet of fiat currency; and (f) a sale of the casino’s cheques. SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 73
73 A casino shall keep a large virtual currency transaction record in respect of every amount of $10,000 or more in virtual currency that the casino receives 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. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 74
which the electronic funds transfer is finally received, (ii) the type and amount of each type of funds that is involved in the final receipt, (iii) the name, address and telephone number of each beneficiary, the nature of their principal business or their occupation and, in the case of a person, their date of birth, (iv) the date of the remittance, (v) the exchange rates used for the remittance and their source, (vi) if the remittance is in funds, the type and amount of each type of funds involved, (vii) if the remittance is not in funds, the type of remittance and its value, if different from the amount of funds finally received, (viii) the number of every account that is affected by the final receipt or the remittance, the type of account and the name of each account holder, (ix) every reference number that is connected to the electronic funds transfer and has a function equivalent to that of an account number, (x) the name and address of the person or entity that requested the initiation of the electronic funds transfer, unless that information was not, despite the taking of reasonable measures, included with the transfer and is not otherwise known, and (xi) the number of every account that is affected by the electronic funds transfer, other than those referred to in subparagraph (viii); and (f) if the casino receives an amount of $3,000 or more from a person or entity, a receipt of funds record in respect of that amount, unless that 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. 36 SOR/2020-112, s. 7 SOR/2023-193, s. 11
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 75
75 For the purposes of sections 70 to 74, if a registered charity , as defined in subsection 248(1) of the Income Tax Act , conducts and manages, in a permanent establishment of a casino, for a period of not more than two consecutive days at a time, a lottery scheme that includes games of roulette or card games and, in doing so, acts under the supervision of the government of a province that is referred to in paragraph 5(k) of the Act, or of an organization that is referred to in paragraph 5(k.2) of the Act, that conducts and manages such a lottery scheme in the same establishment, the lottery scheme that is conducted and managed by the registered charity is considered to be conducted and managed by the supervising government or organization. SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 76
76 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 carries out an activity for the purposes of paragraph 5(l) of the Act when they accept deposit liabilities in the course of providing financial services to the public. SOR/2019-240, s. 36 SOR/2023-194, s. 18(E)
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 77
77 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 carries out an activity for the purposes of paragraph 5(l) of the Act when they issue, sell or redeem money orders in the course of providing financial services to the public. SOR/2019-240, s. 36 SOR/2023-194, s. 18(E)
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 78
78 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 that receives an amount of $10,000 or more in cash in a single transaction in connection with an activity referred to in section 77 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. 38 SOR/2023-194, s. 18(E)
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 79
79 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 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 77 shall report the transaction to the Centre, together with the information set out in Schedule 4. SOR/2019-240, s. 38 SOR/2023-194, s. 18(E)
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 80
80 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 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 77, 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. 38 SOR/2023-194, s. 18(E)
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 81
81 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 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 77, 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. 38 SOR/2023-194, s. 18(E)
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 82
82 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 shall keep the following records in connection with an activity referred to in section 77: (a) if they receive an amount of $3,000 or more as consideration for the issuance or sale of one or more money orders from a person or entity other than either a financial entity or a person who is acting on behalf of a client that is a financial entity, (i) a record of the date of the receipt, (ii) in the case of a person, a record of their name, address, date of birth and the nature of their principal business or their occupation, (iii) in the case of an entity, an information record, (iv) a record of the amount received, (v) a record indicating whether the amount received is in funds or virtual currency and the type and amount of each type of funds and each of the virtual currencies involved, (vi) a record of the number of every account that is affected by the transaction, the type of account and the name of each account holder, (vii) a record of every reference number that is connected to the transaction and has a function equivalent to that of an account number, and (viii) if the amount received is in virtual currency, every transaction identifier, including the sending and receiving addresses; (b) if they redeem one or more money orders that total $3,000 or more at the request of a person or entity, (i) a record of the date of the redemption, (ii) in the case of a person, a record of their name, address, date of birth and the nature of their principal business or their occupation, (iii) in the case of an entity, an information record, (iv) a record of the total amount of the money order or orders, (v) a record of the name of the issuer of each money order, (vi) a record of the number of every account that is affected by the redemption, the type of account and the name of each account holder, (vii) a record of every reference number that is connected to the redemption and has a function equivalent to that of an account number; and (viii) if the redemption involves virtual currency, every transaction identifier, including the sending and receiving addresses; and (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 department or the agent or mandatary. SOR/2019-240, s. 38 SOR/2023-194, s. 18(E)
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 83
83 The provisions of this Part are subject to the provisions of Parts 5 and 6. SOR/2019-240, s. 38
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 84
84 A person or entity shall verify, in accordance with section 105, 109 or 112, the identity of a person or entity from which they receive an amount (a) in respect of which they are required to keep a large cash transaction record under these Regulations, unless the amount is received as a deposit made into a business account or a deposit made by means of an automated banking machine; or (b) in respect of which they are required to keep a large virtual currency transaction record under these Regulations. SOR/2019-240, s. 38
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 85
85 (1) A person or entity that is subject to these Regulations shall take reasonable measures to verify, in accordance with section 105, 109 or 112, the identity of a person or entity that conducts or attempts to conduct a transaction with them that is required to be reported to the Centre under section 7 of the Act. (2) If the person or entity believes that taking the reasonable measures would inform the person or entity that conducts or attempts to conduct a transaction with them that the transaction and related information will be reported under section 7 of the Act, they are not required to comply with subsection (1). SOR/2019-240, s. 38
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 86
86 A financial entity shall (a) in accordance with section 105, verify the identity of (i) a person for whom it opens an account, other than a credit card account or a prepaid payment product account, (ii) a person, other than an account holder, who is authorized to give instructions in respect of an account, other than a credit card account or a prepaid payment product account, and (iii) a person – other than one referred to in subparagraph (i) or (ii) — who (A) requests that it issue or redeem money orders, traveller’s cheques or similar negotiable instruments in an amount of $3,000 or more, (B) requests that it initiate an international electronic funds transfer — or any other electronic funds transfer that is a SWIFT MT-103 message or its equivalent — of $1,000 or more, (C) requests that it exchange an amount of $3,000 or more in a foreign currency exchange transaction, (D) requests that it transfer an amount of $1,000 or more in virtual currency, (E) requests that it exchange an amount of $1,000 or more in a virtual currency exchange transaction, or (F) is the beneficiary of an international electronic funds transfer of $1,000 or more, or of a transfer of an amount of $1,000 or more in virtual currency, to whom it makes the remittance; (b) in accordance with section 109, verify the identity of a corporation for which it opens an account, other than a credit card account or a prepaid payment product account; and (c) in accordance with section 112, verify the identity of an entity, other than a corporation, for which it opens an account, other than a credit card account or a prepaid payment product account. SOR/2019-240, s. 38 SOR/2020-112, s. 8
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 87
87 A financial entity shall (a) in accordance with section 105, verify the identity of a person for whom it opens a credit card account; (b) in accordance with section 109, verify the identity of a corporation for which it opens a credit card account; and (c) in accordance with section 112, verify the identity of an entity, other than a corporation, for which it opens a credit card account. SOR/2019-240, s. 40
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 88
88 A financial entity shall (a) in accordance with section 105, verify the identity of (i) a person for whom it opens a prepaid payment product account, (ii) an authorized user, and (iii) any other person who makes a payment of $1,000 or more to a prepaid payment product account; (b) in accordance with section 109, verify the identity of (i) a corporation for which it opens a prepaid payment product account, and (ii) any other corporation that makes a payment of $1,000 or more to a prepaid payment product account; and (c) in accordance with section 112, verify the identity of (i) an entity, other than a corporation, for which it opens a prepaid payment product account, and (ii) any other entity, other than a corporation, that makes a payment of $1,000 or more to a prepaid payment product account. SOR/2019-240, s. 40
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 89
89 A trust company shall also (a) in accordance with section 105, verify the identity of a person who is the settlor of an inter vivos trust in respect of which it is required to keep a record under subsection 15(1); (b) in accordance with section 109, verify the identity of a corporation that is the settlor of an institutional trust in respect of which it is required to keep a record under subsection 15(1); (c) in accordance with section 112, verify the identity of an entity, other than a corporation, that is the settlor of an institutional trust in respect of which it is required to keep a record under subsection 15(1); (d) in accordance with section 105, verify the identity of a person who is authorized to act as a co-trustee of a trust; and (e) if an entity is authorized to act as a co-trustee of a trust, (i) in accordance with section 105, verify the identity of all persons — up to three — who are authorized to give instructions with respect to the entity’s activities as co-trustee, and (ii) in accordance with section 109 or 112, verify the identity of the entity. SOR/2019-240, s. 40
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 90
90 A financial entity that enters into a correspondent banking relationship (a) shall ascertain the name and address of the foreign financial institution by examining a copy of the foreign financial institution’s banking licence, banking charter, authorization or certification to operate issued by the competent authority under the legislation of the jurisdiction in which the foreign financial institution was incorporated, of its certificate of incorporation or of a similar document; (b) shall take reasonable measures to (i) ascertain, based on information that is accessible to the public, whether any civil or criminal penalties have been imposed on the foreign financial institution in respect of anti-money laundering or anti-terrorist financing requirements and, if such a penalty has been imposed, shall monitor all transactions conducted in the context of the correspondent banking relationship to detect any transactions that are required to be reported to the Centre under section 7 of the Act, (ii) assess, based on information that is accessible to the public, the reputation of the foreign financial institution with respect to its compliance with anti-money laundering and anti-terrorist financing requirements, and (iii) assess, based on information that is accessible to the public, the quality of the anti-money laundering and anti-terrorist financing supervision of the jurisdiction in which the foreign financial institution was incorporated and the jurisdiction in which it conducts transactions in the context of the correspondent banking relationship; and (c) shall take reasonable measures to determine the nature of the clientele and markets served by the foreign financial institution. SOR/2019-240, s. 40 SOR/2023-194, s. 5
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 91
91 If a client of a foreign financial institution has direct access to services provided by the financial entity under a correspondent banking relationship, the financial entity shall take reasonable measures to ascertain whether the foreign financial institution (a) has, in respect of its clients that have direct access to the accounts of the financial entity, met requirements that are consistent with the requirements of section 86; and (b) has agreed to provide relevant client identification information on request to the financial entity. SOR/2019-240, s. 40
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 92
92 A life insurance company or life insurance broker or agent shall (a) in accordance with section 105, verify the identity of a person in respect of whom they are required to keep an information record under section 22; (b) in accordance with section 109, verify the identity of a corporation in respect of which they are required to keep an information record under section 22; and (c) in accordance with section 112, verify the identity of an entity, other than a corporation, in respect of which they are required to keep an information record under section 22. SOR/2019-240, s. 40
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 93
93 Section 92 does not apply to a life insurance company or a life insurance broker or agent when they are dealing in reinsurance. SOR/2019-240, s. 40
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 93.1
93.1 (1) A factor shall verify, (a) in accordance with section 105, the identity of a person in respect of whom it is required to keep a record under section 24.14; (b) in accordance with section 109, the identity of a corporation in respect of which it is required to keep a record under section 24.14; and (c) in accordance with section 112, the identity of an entity, other than a corporation, in respect of which it is required to keep a record under section 24.14. (2) Paragraphs (1)(b) and (c) do not apply if the entity is (a) a public body; (b) a corporation or trust that has minimum net assets of $75 million on its last audited balance sheet, whose shares or units are traded on a Canadian stock exchange or a stock exchange designated under subsection 262(1) of the Income Tax Act and that operates in a country that is a member of the Financial Action Task Force; or (c) a subsidiary of a public body referred to in paragraph (a) or a corporation or trust referred to in paragraph (b), whose financial statements are consolidated with the financial statements of the public body, corporation or trust. SOR/2025-68, s. 6
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 93.2
93.2 (1) A financing or leasing entity shall verify (a) in accordance with section 105, the identity of a person in respect of whom it is required to keep a record under section 24.2; (b) in accordance with section 109, the identity of a corporation in respect of which it is required to keep a record under section 24.2; and (c) in accordance with section 112, the identity of an entity, other than a corporation, in respect of which it is required to keep a record under section 24.2. (2) Paragraphs (1)(b) and (c) do not apply if the entity is (a) a public body; (b) a corporation or trust that has minimum net assets of $75 million on its last audited balance sheet, whose shares or units are traded on a Canadian stock exchange or a stock exchange designated under subsection 262(1) of the Income Tax Act and that operates in a country that is a member of the Financial Action Task Force; or (c) a subsidiary of a public body referred to in paragraph (a) or a corporation or trust referred to in paragraph (b), whose financial statements are consolidated with the financial statements of the public body, corporation or trust. SOR/2025-68, s. 6
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 94
94 A securities dealer shall (a) in accordance with section 105, verify the identity of a person for whom they open an account and every other person who is authorized to give instructions in respect of the account; (b) in accordance with section 109, verify the identity of a corporation for which they open an account; and (c) in accordance with section 112, verify the identity of an entity, other than a corporation, for which they open an account. SOR/2019-240, s. 40
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 95
cheques that total $3,000 or more. (4) A money services business — or foreign money services business in connection with services that they provide in Canada — shall, in accordance with section 112, verify the identity of an entity, other than a corporation, (a) that requests that they transport an amount of $1,000 or more in cash or virtual currency within the meaning of paragraph (b) of the definition of that term in subsection 1(2) or an amount of $3,000 or more in money orders, traveller’s cheques or other similar negotiable instruments; (a.01) that owns, leases or operates a private automated banking machine in respect of which they provide acquirer services; (a.02) that owns the cash that is loaded into a private automated banking machine in respect of which they provide acquirer services; (a.03) that is an account holder of a settlement account for a private automated banking machine in respect of which they provide acquirer services; (a.1) in respect of which they are required to keep an information record under paragraph 36.1(a); (b) in respect of which they are required to keep an information record under section 37; (c) that donates an amount of $1,000 or more in funds or virtual currency using a crowdfunding platform that is provided and maintained by the money services business or foreign money services business; or (d) that requests that they cash one or more cheques that total $3,000 or more. (5) Subsections (3) and (4) do not apply if the entity is (a) a public body; (b) a corporation or trust that has minimum net assets of $75 million on its last audited balance sheet, whose shares or units are traded on a Canadian stock exchange or a stock exchange designated under subsection 262(1) of the Income Tax Act and that operates in a country that is a member of the Financial Action Task Force; or (c) a subsidiary of a public body referred to in paragraph (a) or a corporation or trust referred to in paragraph (b), whose financial statements are consolidated with the financial statements of the public body, corporation or trust. SOR/2019-240, s. 40 SOR/2020-112, s. 9 SOR/2022-76, s. 4 SOR/2023-193, s. 12 2024, c. 17, s. 349 SOR/2024-267, s. 12 SOR/2025-68, s. 7