GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 46
46 A legal counsel or legal firm that, in connection with a transaction, receives funds 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, (a) must keep and retain a record of that fact; and (b) is not required to include in the receipt of funds record that is kept in respect of those funds (i) the number and type of any account that is affected by the transaction, or (ii) the full name of the person or entity that is the holder of that account. SOR/2007-293, s. 14 SOR/2019-240, s. 30
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 47
47 (1) An accountant or accounting firm 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; (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) For greater certainty, the activities in subsection (1) do not include activities that are carried out in the course of an audit, a review or a compilation engagement within the meaning of the CPA Canada Handbook prepared and published by the Chartered Professional Accountants of Canada, as amended from time to time. (3) Subsection (1) does not apply to an accountant who is acting in the capacity of an employee or of a person who either is authorized by law to carry on the business of — or to monitor the business or financial affairs of — an insolvent or bankrupt person or entity or is authorized to act under a security agreement. SOR/2016-153, s. 35(E) SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 48
48 An accountant or accounting firm that receives an amount of $10,000 or more in cash in a single transaction in connection with an activity referred to in section 47 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/2016-153, s. 35(E) SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 49
49 An accountant or accounting firm 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 47 shall report the transaction to the Centre, together with the information set out in Schedule 4. SOR/2007-122, s. 76; SOR/2007-293, s. 19; SOR/2016-153, s. 36(E) SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 50
50 An accountant or accounting firm 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 47, 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/2003-358, s. 10 SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 51
51 An accountant or accounting firm 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 47, 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 — 52
52 An accountant or accounting firm shall keep the following records in connection with an activity referred to in section 47: (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 accountant or accounting firm. SOR/2003-358, s. 11; SOR/2007-122, s. 47 SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 53
53 A real estate broker or sales representative is engaged in a business or profession for the purposes of paragraph 5(j) of the Act when they act as an agent or mandatary for a purchaser or vendor in respect of the purchase or sale of real property or immovables. SOR/2003-358, s. 12; SOR/2007-122, s. 48 SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 54
54 A real estate broker or sales representative that receives an amount of $10,000 or more in cash in a single transaction in connection with an activity referred to in section 53 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/2003-358, s. 13; SOR/2007-122, s. 49; SOR/2016-153, s. 37 SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 55
55 A real estate broker or sales representative 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 53 shall report the transaction to the Centre, together with the information set out in Schedule 4. SOR/2007-122, s. 51 SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 56
56 A real estate broker or sales representative 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 53, 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. 53 SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 57
57 A real estate broker or sales representative 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 53, 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/2003-358, s. 14; SOR/2007-122, s. 54; SOR/2016-153, s. 45 SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 58
58 (1) A real estate broker or sales representative shall keep the following records in connection with an activity referred to in section 53: (a) a receipt of funds record in respect of every amount 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; (b) an information record in respect of every person or entity for which they act as an agent or mandatary in respect of the purchase or sale of real property or immovables and any party to the purchase or sale that is not represented by a real estate broker or sales representative; and (c) if the receipt of funds record or 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 real estate broker or sales representative. (2) If two or more of the parties to a transaction are represented by a real estate broker or sales representative and one of those real estate brokers or sales representatives receives funds in respect of the transaction from a party that is represented by another real estate broker or sales representative, the real estate broker or sales representative that represents the party from which the funds are received is responsible for keeping the receipt of funds record referred to in paragraph (1)(a) and, if applicable, the copy referred to in paragraph (1)(c). (3) A real estate broker or sales representative that is responsible under subsection (2) for keeping a receipt of funds record is not required to include in that record any of the following information if, after taking reasonable measures to do so, they are unable to obtain it: (a) the number and type of an account that is affected by the transaction referred to in subsection (2); (b) the name of a holder of the account; (c) a reference number that is connected to the transaction. (4) A real estate broker or sales representative that is responsible under subsection (2) for keeping a receipt of funds record and that determines that the transaction affects a trust account held by another real estate broker or sales representative shall include that information in the record but is not required to include (a) the number of the trust account; or (b) the name of the holder or holders of the trust account. SOR/2019-240, s. 36 SOR/2024-267, s. 10
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 59
59 A real estate developer is engaged in a business or profession for the purposes of paragraph 5(j) of the Act when they sell a new house, new condominium unit, new commercial or industrial building or new multi-unit residential building to the public, including, if they are a corporation, when they do so on behalf of a subsidiary or affiliate. SOR/2007-122, s. 57; SOR/2007-293, s. 20; SOR/2016-153, ss. 49, 81(F) SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 60
60 A real estate developer that receives an amount of $10,000 or more in cash in a single transaction in connection with an activity referred to in section 59 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. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 61
61 A real estate developer 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 59 shall report the transaction to the Centre, together with the information set out in Schedule 4. SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 62
62 A real estate developer 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 59, 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 — 63
63 A real estate developer 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 59, 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 — 64
64 A real estate developer shall keep the following records in connection with an activity referred to in section 59: (a) a receipt of funds record in respect of every amount 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; (b) an information record in respect of every person or entity to which they sell a new house, new condominium unit, new commercial or industrial building or new multi-unit residential building; and (c) if the receipt of funds record or 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 real estate developer. SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 64.1
64.1 (1) A mortgage administrator is engaged in a business or profession for the purposes of paragraph 5(i) of the Act. (2) A mortgage broker is engaged in a business or profession for the purposes of paragraph 5(i) of the Act. (3) A mortgage lender is engaged in a business or profession for the purposes of paragraph 5(i) of the Act. SOR/2023-194, s. 4
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 64.2
64.2 A mortgage administrator, mortgage broker or mortgage lender that receives an amount of $10,000 or more in cash 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/2023-194, s. 4
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 64.3
64.3 A mortgage administrator, mortgage broker or mortgage lender that receives an amount of $10,000 or more in virtual currency in a single transaction shall report the transaction to the Centre, together with the information set out in Schedule 4, 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/2023-194, s. 4
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 64.4
64.4 A mortgage administrator, mortgage broker or mortgage lender 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, 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/2023-194, s. 4
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 64.5
64.5 A mortgage administrator, mortgage broker or mortgage lender 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, 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/2023-194, s. 4
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 64.6
64.6 A mortgage administrator, mortgage broker or mortgage lender shall keep the following records: (a) a receipt of funds record in respect of every amount that they receive in connection with a mortgage on real property or a hypothec on immovables, 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; (b) an information record in respect of every person or entity (i) in the case of a mortgage administrator, for which they service a mortgage agreement on real property or a hypothec agreement on immovables, (ii) in the case of a mortgage broker, for which they arrange a loan secured by a mortgage on real property or by a hypothec on immovables, and (iii) in the case of a mortgage lender, to which they provide a loan secured by a mortgage on real property or by a hypothec on immovables or from which they raise funds for such a loan; (c) in respect of any loan secured by a mortgage on real property or by a hypothec on immovables that it enters into with a client, a record of the client’s financial capacity, the terms of the loan, the nature of the client’s principal business or their occupation and, if the client is a person, the name and address of their business or place of work; and (d) if the receipt of funds record or 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 mortgage administrator, mortgage broker or mortgage lender. SOR/2023-194, s. 4
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 64.7
64.7 A title insurer is engaged in a business or profession for the purposes of paragraph 5(j) of the Act when they provide a title insurance policy to the purchaser of real property or an immovable. SOR/2024-267, s. 11
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 64.8
64.8 A title insurer must keep, in respect of every title insurance policy that they provide to the purchaser of real property or an immovable, a record of (a) the name and address of the purchaser and, in the case of a person, their date of birth; (b) the legal description and address of the real property or immovable; (c) the closing date of the purchase; (d) the purchase price; (e) the amount of any loan secured by a mortgage on the real property or a hypothec on the immovable and the name of the lender; (f) if known, the name of the vendor; and (g) any title information respecting the real property or immovable that is found in the land registry in which the title to the real property or immovable is recorded. SOR/2024-267, s. 11
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 65
65 (1) A dealer in precious metals and precious stones, other than 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 buys or sells precious metals, precious stones or jewellery, for an amount of $10,000 or more is engaged in an activity for the purposes of paragraph 5(i) of the Act. 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 sell precious metals to the public for an amount of $10,000 or more. (2) The activities referred to in subsection (1) do not include a purchase or sale that is carried out in the course of or in connection with manufacturing a product that contains precious metals or precious stones, extracting precious metals or precious stones from a mine or polishing or cutting precious stones. (3) For greater certainty, the activities referred to in subsection (1) include the sale of precious metals, precious stones or jewellery that are left on consignment with a dealer in precious metals and precious stones. Goods left with an auctioneer for sale at auction are not considered to be left on consignment. SOR/2019-240, s. 36 SOR/2023-194, s. 18(E)
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 66
66 A dealer in precious metals and precious stones that receives an amount of $10,000 or more in cash in a single transaction in connection with an activity referred to in section 65 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. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 67
67 A dealer in precious metals and precious stones 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 65 shall report the transaction to the Centre, together with the information set out in Schedule 4. SOR/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 68
68 A dealer in precious metals and precious stones 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 65, 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 — 69
69 A dealer in precious metals and precious stones 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 65, 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 — 70
70 (1) A casino 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; and (d) 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 casino 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/2019-240, s. 36
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 71
71 A casino shall report to the Centre the disbursement, in any of the following transactions, of $10,000 or more in a single transaction, together with the information set out in Schedule 6: (a) the redemption of chips, tokens or plaques; (b) a front cash withdrawal; (c) a safekeeping withdrawal; (d) an advance on any form of credit, including an advance by a marker or a counter cheque; (e) a payment on a bet, including a slot jackpot; (f) a payment to a client of funds received for credit to that client or another client; (g) the cashing of a cheque or the redemption of another negotiable instrument; and (h) a reimbursement to a client of travel or entertainment expenses. SOR/2019-240, s. 36