GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 96
96 A British Columbia notary public or British Columbia notary corporation shall (a) in accordance with section 105, verify the identity of a person who conducts a transaction in respect of which they are required to keep a record under section 43; (b) in accordance with section 109, verify the identity of a corporation that conducts a transaction referred to in paragraph (a) or on whose behalf a person conducts such a transaction; and (c) in accordance with section 112, verify the identity of an entity, other than a corporation, that conducts a transaction referred to in paragraph (a) or on whose behalf a person conducts such a transaction. SOR/2019-240, s. 40
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 97
97 (1) Subject to subsections (2) and 62(2) and section 63, every legal counsel and every legal firm shall, in respect of a transaction for which a record is required to be kept under section 33.4, (a) in accordance with subsection 64(1), ascertain the identity of every person who conducts the transaction; (b) in accordance with section 65, confirm the existence of and ascertain the name and address of every corporation on whose behalf the transaction is conducted and the names of the corporation’s directors; and (c) in accordance with section 66, confirm the existence of every entity, other than a corporation, on whose behalf the transaction is conducted. (2) Subsection (1) does not apply in respect of a transaction for which funds are received by a legal counsel or legal firm from the trust account of a legal firm or from the trust account of a legal counsel who is not acting on behalf of their employer. SOR/2007-293, s. 23 SOR/2019-240, s. 37
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 98
98 Any legal counsel or legal firm that is required to ascertain the identity of any person or confirm the existence of any entity in accordance with section 59.4 shall (a) conduct ongoing monitoring of its business relationship with that person or entity; and (b) keep a record of the measures taken and the information obtained under paragraph (a). SOR/2013-15, s. 13 SOR/2019-240, s. 37
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 99
99 If, as a result of its ongoing monitoring of a business relationship under paragraph 59.41(a), the legal counsel or legal firm considers that the risk of a money laundering offence or terrorist activity financing offence is high, it shall treat that person or entity as high risk for the purpose of subsection 9.6(3) of the Act and apply the prescribed special measures in accordance with section 71.1 of these Regulations. SOR/2013-15, s. 13 SOR/2019-240, s. 37
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 100
100 An accountant or accounting firm shall (a) in accordance with section 105, verify the identity of a person who conducts a transaction in respect of which they are required to keep a record under section 52; (b) in accordance with section 109, verify the identity of a corporation that conducts a transaction referred to in paragraph (a) or on whose behalf a person conducts such a transaction; and (c) in accordance with section 112, verify the identity of an entity, other than a corporation, that conducts a transaction referred to in paragraph (a) or on whose behalf a person conducts such a transaction. SOR/2019-240, s. 44
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 101
101 (1) A real estate broker or sales representative shall (a) in accordance with section 105, verify the identity of a person who conducts a transaction in respect of which they are required to keep a record under subsection 58(1); (b) in accordance with section 109, verify the identity of a corporation that conducts a transaction referred to in paragraph (a) or on whose behalf a person conducts such a transaction; and (c) in accordance with section 112, verify the identity of an entity, other than a corporation, that conducts a transaction referred to in paragraph (a) or on whose behalf a person conducts such a transaction. (2) If every party to a transaction is represented by a real estate broker or sales representative, each real estate broker or sales representative is required only to verify the identity of the party or parties that they represent. (3) If one or more but not all of the parties to a transaction are represented by a real estate broker or sales representative, each real estate broker or sales representative shall verify the identity of the party or parties that are not represented. (4) [Repealed, SOR/2024-267, s. 13] SOR/2019-240, s. 44 SOR/2024-267, s. 13
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 102
102 A real estate developer shall (a) in accordance with section 105, verify the identity of a person who conducts a transaction in respect of which they are required to keep a record under section 64; (b) in accordance with section 109, verify the identity of a corporation that conducts a transaction referred to in paragraph (a) or on whose behalf a person conducts such a transaction; and (c) in accordance with section 112, verify the identity of an entity, other than a corporation, that conducts a transaction referred to in paragraph (a) or on whose behalf a person conducts such a transaction. SOR/2019-240, s. 44
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 102.1
102.1 A mortgage administrator, mortgage broker or mortgage lender shall (a) in accordance with section 105, verify the identity of a person who conducts a transaction in respect of which they are required to keep a record under section 64.6; (b) in accordance with section 109, verify the identity of a corporation that conducts a transaction referred to in paragraph (a) or on whose behalf a person conducts such a transaction; and (c) in accordance with section 112, verify the identity of an entity, other than a corporation, that conducts a transaction referred to in paragraph (a) or on whose behalf a person conducts such a transaction. SOR/2023-194, s. 6
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 102.2
102.2 A title insurer must (a) in accordance with section 105, verify the identity of a person who is the purchaser of real property or an immovable and to whom they provide a title insurance policy; (b) in accordance with section 109, verify the identity of a corporation that is the purchaser of real property or an immovable and to which they provide a title insurance policy; and (c) in accordance with section 112, verify the identity of an entity, other than a corporation, that is the purchaser of real property or an immovable and to which they provide a title insurance policy. SOR/2024-267, s. 14
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 103
103 A casino shall (a) in accordance with section 105, verify the identity of a person (i) for whom the casino opens an account, (ii) who is authorized to give instructions in respect of the account but who does not hold an account with the casino, (iii) who receives a disbursement in respect of which the casino is required to make a report under section 71, (iv) who conducts a transaction in respect of which the casino is required to keep a record under paragraph 74(2)(a) or (f), (v) who requests that the casino exchange an amount of $3,000 or more in a foreign currency exchange transaction, (vi) who requests that the casino initiate an electronic funds transfer in respect of which the casino is required to keep a record under paragraph 74(2)(c), or (vii) who is the beneficiary of an international electronic funds transfer in respect of which the casino is required to keep a record under paragraph 74(2)(e); (b) in accordance with section 109, verify the identity of a corporation for which the casino opens an account; and (c) in accordance with section 112, verify the identity of an entity, other than a corporation, for which the casino opens an account. SOR/2019-240, s. 44 SOR/2020-112, s. 10
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 104
104 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 (a) in accordance with section 105, verify the identity of a person in respect of whom they are required to keep a record under subparagraph 82(a)(ii) or (b)(ii); (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 subparagraph 82(a)(iii) or (b)(iii); 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 subparagraph 82(a)(iii) or (b)(iii). SOR/2019-240, s. 44 SOR/2023-194, s. 18(E)
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 105
t. (6) In the case of a retail deposit account referred to in subsection 627.17(1) of the Bank Act , if a person or entity cannot verify a person’s identity in accordance with one of paragraphs (1)(a) to (e) of this section, they are deemed to comply with subsection (1) if the person who requests that the account be opened meets the conditions set out in subsections 627.17(1) and (3) of the Bank Act . (7) The identity shall be verified (a) in the cases referred to in section 84, subparagraphs 86(a)(iii) and 88(a)(iii), paragraphs 95(1)(a) to (f), 96(a), 97(1)(a), 100(a), 101(1)(a), 102(a) and 102.1(a), subparagraphs 103(a)(iii) to (vii) and paragraph 104(a), at the time of the transaction; (b) subject to paragraph (j), in the cases referred to in subparagraphs 86(a)(i) and (ii) and paragraph 94(a), before the first transaction, other than an initial deposit, is carried out on the account; (c) in the case referred to in section 85, before the transaction or attempted transaction is reported under section 7 of the Act; (d) in the case referred to in paragraph 87(a), before any credit card issued on the account is activated; (e) in the case referred to in subparagraph 88(a)(i), before the prepaid payment product account is activated; (f) in the case referred to in subparagraph 88(a)(ii), before the first transaction is carried out by the authorized user on the prepaid payment product account; (g) in the cases referred to in paragraphs 89(a) and (d) and subparagraph 89(e)(i), within 15 days after the day on which the trust company becomes the trustee; (h) subject to paragraph (j), in the case referred to in paragraph 92(a), within 30 days after the day on which the information record is created; (h.001) in the cases referred to in paragraphs 93.1(1)(a) and 93.2(1)(a), at the time the record is created; (h.01) in the case referred to in paragraph 95(1)(c.1), before the first transport of cash, virtual currency or negotiable instruments is carried out; (h.02) in the cases referred to in paragraphs 95(1)(f.1) to (f.3), before the acquirer services are provided; (h.1) in the case referred to in paragraph 95(1)(g), at the time the information record is created; (h.2) in the case referred to in paragraph 95(1)(h), at the time of the donation; (h.3) in the case referred to in paragraph 102.2(a), at the time the title insurance policy is provided; (i) in the cases referred to in subparagraphs 103(a)(i) and (ii), before any funds are disbursed; and (j) in the case of a group plan account, at the time a contribution in respect of a member of the group plan is made to the plan. SOR/2019-240, s. 44 SOR/2020-112, s. 10 SOR/2021-181, s. 102 SOR/2022-76, s. 5 SOR/2023-193, s. 13 SOR/2023-194, s. 7 SOR/2024-267, s. 15 SOR/2025-68, s. 8
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 106
106 (1) A person or entity that is required to verify a person’s identity in accordance with subsection 105(1) may rely on an agent or mandatary to take the measures to do so. (2) The person or entity may rely on measures that were previously taken by an agent or mandatary to verify the person’s identity if the agent or mandatary was, at the time they took the measures, (a) acting in their own capacity, whether or not they were required to take the measures under these Regulations; or (b) acting as an agent or mandatary under a written agreement or arrangement that was entered into, with another person or entity that is required to verify a person’s identity, for the purposes of verifying identity in accordance with subsection 105(1) or, if the measures were taken before the coming into force of this subsection, that was entered into, with another person or entity that was required to ascertain a person’s identity, for the purposes of ascertaining identity in accordance with these Regulations as they read at the time the measures were taken. (3) In order to rely, under subsection (1) or (2), on measures taken by an agent or mandatary, the person or entity shall (a) have entered into a written agreement or arrangement with the agent or mandatary for the purposes of verifying a person’s identity in accordance with subsection 105(1); (b) as soon as feasible, obtain from the agent or mandatary the information that the agent or mandatary referred to in order to verify the person’s identity and the information that the agent or mandatary confirmed as being that of the person; and (c) be satisfied that the information that the agent or mandatary confirmed as being that of the person is valid and current and that the agent or mandatary verified the person’s identity in the manner described in one of paragraphs 105(1)(a) to (d) or, if the measures were taken before the coming into force of this section, that the agent or mandatary ascertained the person’s identity in accordance with these Regulations, as they read at the time the measures were taken. SOR/2019-240, s. 44
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 107
107 (1) A person or entity that is required to verify a person’s identity in accordance with subsection 105(1) may rely on measures that were previously taken by another person or entity if (a) the other person or entity is referred to in section 5 of the Act; or (b) the other entity is affiliated with the entity that is required to verify the person’s identity or with another entity referred to in section 5 of the Act and carries out activities outside Canada that are similar to those of a person or entity that is referred to in any of paragraphs 5(a) to (g) of the Act. (2) The person or entity that is required to verify a person’s identity shall not rely on measures that were previously taken by an entity referred to in paragraph (1)(b) unless they are satisfied, after taking into account the risk of money laundering or terrorist activity financing offences in the foreign state in which that entity carries out the activities, that (a) the entity applies policies that establish requirements similar to those in sections 6, 6.1 and 9.6 of the Act; and (b) the entity’s compliance with those policies is subject to the supervision of a competent authority under the legislation of that foreign state. (3) In order to rely, under subsection (1), on measures taken by another person or entity, the person or entity that is required to verify a person’s identity shall (a) as soon as feasible, obtain from the other person or entity the information that was confirmed as being that of the person and be satisfied that the information is valid and current and that the other person or entity verified the person’s identity in the manner described in one of paragraphs 105(1)(a) to (d) or, if the measures were taken before the coming into force of this section, that the other person or entity ascertained the person’s identity in accordance with these Regulations, as they read at the time the measures were taken; and (b) have a written agreement or arrangement with the other person or entity that requires the other person or entity to provide them on request, as soon as feasible, with all of the information that the other person or entity referred to in order to verify the person’s identity. SOR/2019-240, s. 44
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 108
108 A person or entity that is required to verify a person’s identity under these Regulations shall keep a record that sets out the person’s name and the following information: (a) if the person or entity verified the person’s identity in accordance with paragraph 105(1)(a), the date on which they did so, the type of document referred to, its number, the jurisdiction and country of issue of the document and, if applicable, its expiry date; (b) if the person or entity verified the person’s identity in accordance with paragraph 105(1)(b), the date on which they did so, the source of the information, the type of information referred to and a number associated with the information; (c) if the person or entity verified the person’s identity in accordance with paragraph 105(1)(c), the date on which they did so, the source of the information and the number of the person’s credit file; (d) if the person or entity verified the person’s identity in accordance with paragraph 105(1)(d), the date on which they did so, the source of the information, the type of information referred to and the account number included in it or, if there is no account number included in it, a number associated with the information; (e) if the entity verified the person’s identity in accordance with paragraph 105(1)(e), the date on which it did so, the name of the entity that had previously verified that person’s identity, the manner in which the person’s identity had previously been verified under one of paragraphs 105(1)(a) to (d) and the applicable information referred to in one of paragraphs (a) to (d) of this section that is associated with that manner of verifying identity; (f) if the entity verified the person’s identity in accordance with paragraph 105(1)(e) and the other entity had previously ascertained the person’s identity before the coming into force of this section, the date on which the entity verified the person’s identity in accordance with paragraph 105(1)(e), the name of the other entity, the manner in which the other entity had previously ascertained the person’s identity in accordance with these Regulations, as they read at the time the other entity ascertained the person’s identity, and the applicable information referred to in the record-keeping provision that is related to that manner, as it read at that time; (g) if, under subsection 105(6), the person or entity is deemed to have complied with subsection 105(1), the reasons why the person’s identity could not be verified in the manner set out in one of paragraphs 105(1)(a) to (e) and the date on which the conditions set out in subsections 627.17(1) and (3) of the Bank Act were met; (h) if, in accordance with subsection 106(1) or (2), the person or entity relied on measures taken by an agent or mandatary, all of the information that they obtain under paragraph 106(3)(b); or (i) if, in accordance with subsection 107(1), the person or entity relied on measures taken by another person or entity, all of the information that is provided to them under paragraph 107(3)(b). SOR/2019-240, s. 44 SOR/2021-181, s. 103
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 109
109 (1) A person or entity that is required to verify a corporation’s identity shall do so by referring to its certificate of incorporation, to a record that it is required to file annually under applicable provincial securities legislation or to the most recent version of any other record that confirms its existence as a corporation and contains its name and address and the names of its directors. (2) A record that is used to verify identity under subsection (1) must be authentic, valid and current. (3) The names of a corporation’s directors do not need to be confirmed if the corporation is a securities dealer. (4) The corporation’s identity shall be verified (a) in the cases referred to in section 84, subparagraph 88(b)(ii) and paragraph 95(3)(d), at the time of the transaction; (b) in the case referred to in section 85, before the transaction or attempted transaction is reported under section 7 of the Act; (c) in the cases referred to in paragraphs 86(b) and 103(b), before the first transaction, other than the initial deposit, is carried out on the account; (d) in the case referred to in paragraph 87(b), before any credit card issued on the account is activated; (e) in the case referred to in subparagraph 88(b)(i), before the prepaid payment product account is activated; (f) in the cases referred to in paragraph 89(b) and subparagraph 89(e)(ii), within 15 days after the day on which the trust company becomes the trustee; (g) in the cases referred to in paragraphs 92(b), 95(3)(b) and 104(b), within 30 days after the day on which the information record is created; (g.1) in the cases referred to in paragraphs 93.1(1)(b) and 93.2(1)(b), at the time the record is created; (h) in the case referred to in paragraph 94(b), within 30 days after the day on which the account is opened; (h.01) in the case referred to in paragraph 95(3)(a), before the first transport of cash, virtual currency or negotiable instruments is carried out; (h.02) in the cases referred to in paragraphs 95(3)(a.01) to (a.03), before the acquirer services are provided; (h.1) in the case referred to in paragraph 95(3)(a.1), at the time the information record is created; (h.2) in the case referred to in paragraph 95(3)(c), at the time of the donation; (i) in the cases referred to in paragraphs 96(b), 97(1)(b), 100(b), 101(1)(b), 102(b) and 102.1(b), within 30 days after the day on which the transaction is conducted; and (j) in the case referred to in paragraph 102.2(b), at the time the title insurance policy is provided. (5) If a person or entity that is required to verify a corporation’s identity does so by referring to an electronic version of a record that is contained in a database that is accessible to the public, they shall keep a record that sets out the corporation’s registration number, the type of record referred to and the source of the electronic version of the record. In any other case, they shall keep the record or a copy of it. SOR/2019-240, s. 44 SOR/2020-112, s. 10 SOR/2022-76, s. 6 SOR/2023-193, s. 14 SOR/2023-194, s. 8 SOR/2024-267, s. 16 SOR/2025-68, s. 9
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 109.1
109.1 (1) A person or entity that is required to verify a corporation’s identity in accordance with subsection 109(1) may rely on an agent or mandatary to take the measures to do so. (2) The person or entity may rely on measures that were previously taken by an agent or mandatary to verify the corporation’s identity if the agent or mandatary was, at the time they took the measures, (a) acting in their own capacity, whether or not they were required to take the measures under these Regulations; or (b) acting as an agent or mandatary under a written agreement or arrangement that was entered into, with another person or entity that is required to verify a corporation’s identity, for the purposes of verifying identity in accordance with subsection 109(1). (3) In order to rely, under subsection (1) or (2), on measures taken by an agent or mandatary, the person or entity must (a) have entered into a written agreement or arrangement with the agent or mandatary for the purposes of verifying a corporation’s identity in accordance with subsection 109(1); (b) as soon as feasible, obtain from the agent or mandatary the information that the agent or mandatary referred to in order to verify the corporation’s identity and the information that the agent or mandatary confirmed as being that of the corporation; and (c) be satisfied that the information that the agent or mandatary confirmed as being that of the corporation is valid and current and that the agent or mandatary verified the corporation’s identity in the manner described in subsection 109(1). SOR/2024-267, s. 17