GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
foreign currency exchange transaction means an exchange, at the request of another person or entity, of one fiat currency for another. ( opération de change en devise )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
foreign currency exchange transaction ticket means a record respecting a foreign currency exchange transaction — including an entry in a transaction register — that sets out (a) the date of the transaction; (b) in the case of a transaction of $3,000 or more, the name and address of the person or entity that requests the exchange, the nature of their principal business or their occupation and, in the case of a person, their date of birth; (c) the type and amount of each of the fiat currencies involved in the payment made and received by the person or entity that requests the exchange; (d) the method by which the payment is made and received; (e) the exchange rates used and their source; (f) the number of every account that is affected by the transaction, the type of account and the name of each account holder; and (g) every reference number that is connected to the transaction and has a function equivalent to that of an account number. ( fiche d’opération de change en devise )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
foreign money services business means a person or entity referred to in paragraph 5(h.1) of the Act. ( entreprise de services monétaires étrangère )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
funds means (a) cash and other fiat currencies, and securities, negotiable instruments or other financial instruments that indicate a title or right to or interest in them; or (b) a private key of a cryptographic system that enables a person or entity to have access to a fiat currency other than cash. For greater certainty, it does not include virtual currency. ( fonds )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
information record means a record that sets out the name and address of a person or entity and (a) in the case of a person, their date of birth and the nature of their principal business or their occupation; and (b) in the case of an entity, the nature of its principal business. ( dossier de renseignements )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
initiation , in respect of an electronic funds transfer, means the first transmission of the instructions for the transfer of funds. ( amorcer )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
international electronic funds transfer means an electronic funds transfer other than for the transfer of funds within Canada. ( télévirement international )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
inter vivos trust means a personal trust, other than a trust created by will. ( fiducie entre vifs )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
jewellery means objects that are made of gold, silver, palladium, platinum, pearls or precious stones and that are intended to be worn as a personal adornment. ( bijou )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
large cash transaction record means a record that indicates the receipt of an amount of $10,000 or more in cash in a single transaction and that contains the following information: (a) the date of the receipt; (b) if the amount is received for deposit into an account, the number of the account, the name of each account holder and the time of the deposit or an indication that the deposit is made in a night deposit box outside the recipient’s normal business hours; (c) the name and address of every other person or entity that is involved in the transaction, the nature of their principal business or their occupation and, in the case of a person, their date of birth; (d) the type and amount of each fiat currency involved in the receipt; (e) the method by which the cash is received; (f) if applicable, the exchange rates used and their source; (g) the number of every other account that is affected by the transaction, the type of account and the name of each account holder; (h) every reference number that is connected to the transaction and has a function equivalent to that of an account number; (i) the purpose of the transaction; (j) the following details of the remittance of, or in exchange for, the cash received: (i) the method of remittance, (ii) if the remittance is in funds, the type and amount of each type of funds involved, (iii) if the remittance is not in funds, the type of remittance and its value, if different from the amount of cash received, and (iv) the name of every person or entity involved in the remittance and their account number or policy number or, if they have no account number or policy number, their identifying number; and (k) if the amount is received by a dealer in precious metals and precious stones for the sale of precious metals, precious stones or jewellery, (i) the type of precious metals, precious stones or jewellery, (ii) the value of the precious metals, precious stones or jewellery, if different from the amount of cash received, and (iii) the wholesale value of the precious metals, precious stones or jewellery. ( relevé d’opération importante en espèces )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
large virtual currency transaction record means a record that indicates the receipt of an amount of $10,000 or more in virtual currency in a single transaction and that contains the following information: (a) the date of the receipt; (b) if the amount is received for deposit into an account, the name of each account holder; (c) the name and address of every other person or entity that is involved in the transaction, the nature of their principal business or their occupation and, in the case of a person, their date of birth; (d) the type and amount of each virtual currency involved in the receipt; (e) the exchange rates used and their source; (f) the number of every other account that is affected by the transaction, the type of account and the name of each account holder; (g) every reference number that is connected to the transaction and has a function equivalent to that of an account number; (h) every transaction identifier, including the sending and receiving addresses; and (i) if the amount is received by a dealer in precious metals and precious stones for the sale of precious metals, precious stones or jewellery, (i) the type of precious metals, precious stones or jewellery, (ii) the value of the precious metals, precious stones or jewellery, if different from the amount of virtual currency received, and (iii) the wholesale value of the precious metals, precious stones or jewellery. ( relevé d’opération importante en monnaie virtuelle )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
legal firm means an entity that is engaged in the business of providing legal services to the public. ( cabinet d’avocats )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
life insurance broker or agent means a person or entity that is authorized under provincial legislation to carry on the business of arranging contracts of life insurance. ( représentant d’assurance-vie )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
life insurance company means a life company or foreign life company to which the Insurance Companies Act applies or a life insurance company regulated by a provincial Act. ( société d’assurance-vie )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
money services business means a person or entity referred to in paragraph 5(h) of the Act. ( entreprise de services monétaires )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
mortgage administrator means a person or entity, other than a financial entity, that is engaged in the business of servicing mortgage agreements on real property or hypothec agreements on immovables on behalf of a lender. ( administrateur hypothécaire )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
mortgage broker means a person or entity that is authorized 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 )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
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 )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
ongoing monitoring [Repealed, SOR/2019-240, s. 22]
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
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 )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
physical presence [Repealed, SOR/2019-240, s. 22]
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
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 )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
precious stones means diamonds, sapphires, emeralds, tanzanite, rubies or alexandrite. ( pierre précieuse )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
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 )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
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 )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
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 )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
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 )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
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 )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
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 their principal business or their occupation; (c) if the amount is received from or on behalf of an entity, the entity’s name and address and the nature of its principal business; (d) the amount of the funds received and of any part of the funds that is received in cash; (e) the method by which the amount is received; (f) the type and amount of each fiat currency involved in the receipt; (g) if applicable, the exchange rates used and their source; (h) the number of every account that is affected by the transaction in which the receipt occurs, the type of account and the name of each account holder; (i) the name and address of every other person or entity that is involved in the transaction, the nature of their principal business or their occupation and, in the case of a person, their date of birth; (j) every reference number that is connected to the transaction and has a function equivalent to that of an account number; and (k) the purpose of the transaction. ( relevé de réception de fonds )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
registered pension plan has the same meaning as in subsection 248(1) of the Income Tax Act . ( régime de pension agréé )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
registered retirement income fund has the same meaning as in subsection 248(1) of the Income Tax Act . ( fonds enregistré de revenu de retraite )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
securities dealer means a person or entity that is referred to in paragraph 5(g) of the Act. ( courtier en valeurs mobilières )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
senior officer , in respect of an entity, means (a) a director of the entity who is one of its full-time employees; (b) the entity’s chief executive officer, chief operating officer, president, secretary, treasurer, controller, chief financial officer, chief accountant, chief auditor or chief actuary, or any person who performs any of those functions; or (c) any other officer who reports directly to the entity’s board of directors, chief executive officer or chief operating officer. ( cadre dirigeant )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
signature includes an electronic signature or other information in electronic form that is created or adopted by a client of a person or entity referred to in section 5 of the Act and that is accepted by the person or entity as being unique to that client. ( signature )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
signature card , in respect of an account, means a document that is signed by a person who is authorized to give instructions in respect of the account, or electronic data that constitutes the signature of such a person. ( fiche-signature )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
SWIFT means the Society for Worldwide Interbank Financial Telecommunication. ( SWIFT )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
title insurer means a person or entity that is engaged in the business of providing title insurance , as defined in the schedule to the Insurance Companies Act . ( assureur de titres )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
transaction ticket [Repealed, SOR/2019-240, s. 22]
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
trust company means a company that is referred to in any of paragraphs 5(d) to (e.1) of the Act. ( société de fiducie )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
virtual currency means (a) a digital representation of value that can be used for payment or investment purposes, that is not a fiat currency and that can be readily exchanged for funds or for another virtual currency that can be readily exchanged for funds; or (b) a private key of a cryptographic system that enables a person or entity to have access to a digital representation of value referred to in paragraph (a). ( monnaie virtuelle )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
virtual currency exchange transaction means an exchange, at the request of another person or entity, of virtual currency for funds, funds for virtual currency or one virtual currency for another. ( opération de change en monnaie virtuelle )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — (a)
virtual currency exchange transaction ticket means a record respecting a virtual currency exchange transaction — including an entry in a transaction register — that sets out (a) the date of the transaction; (b) in the case of a transaction of $1,000 or more, the name and address of the person or entity that requests the exchange, the nature of their principal business or their occupation and, in the case of a person, their date of birth; (c) the type and amount of each type of funds and each of the virtual currencies involved in the payment made and received by the person or entity that requests the exchange; (d) the method by which the payment is made and received; (e) the exchange rates used and their source; (f) the number of every account that is affected by the transaction, the type of account and the name of each account holder; (g) every reference number that is connected to the transaction and has a function equivalent to that of an account number; and (h) every transaction identifier, including the sending and receiving addresses. ( fiche d’opération de change en monnaie virtuelle )
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 2
2 (1) For the purposes of subsection 9.3(1) of the Act, a prescribed family member of a politically exposed foreign person, a politically exposed domestic person or a head of an international organization is (a) their spouse or common-law partner; (b) their child; (c) their mother or father; (d) the mother or father of their spouse or common-law partner; or (e) a child of their mother or father. (2) For the purposes of the definitions head of an international organization and politically exposed domestic person in subsection 9.3(3) of the Act, the prescribed period is five years. SOR/2016-153, s. 18(E) SOR/2019-240, s. 23
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 3
3 For the purposes of paragraph 5(l) of the Act, the prescribed precious metals are those defined as precious metals in subsection 1(2). SOR/2007-122, s. 21 SOR/2019-240, s. 23
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 4
4 For the purposes of these Regulations, an entity is affiliated with another entity if one of them is wholly owned by the other, if both are wholly owned by the same entity or if their financial statements are consolidated. SOR/2019-240, s. 23
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 4.1
4.1 For the purposes of these Regulations, a person or entity to which section 5 of the Act applies enters into a business relationship with a client at the earliest of the following events: (a) the time when the person or entity opens an account for the client, except in the circumstances set out in any of paragraphs 154(1)(a) to (d) and (2)(a) to (l) and (p) and subsection 154(3), (b) the second time that the person or entity is required to verify the identity of the client under these Regulations, (c) if the person or entity is a real estate broker or sales representative, a real estate developer, a mortgage administrator, a mortgage broker, a mortgage lender or a title insurer, the first time that the person or entity is required to verify the identity of the client under these Regulations, (d) if the person or entity is a money services business and the client is an entity, the time when the person or entity enters into a service agreement with the client to provide a service referred to in any of subparagraphs 5(h)(i) to (v) of the Act, (e) if the person or entity is a foreign money services business and the client is an entity in Canada, the time when the person or entity enters into a service agreement with the client to provide a service referred to in any of subparagraphs 5(h.1)(i) to (v) of the Act, and (f) if the person or entity is a financing or leasing entity, the time when the person or entity enters into a financing or leasing arrangement with the client in connection with an activity referred to in section 24.15. SOR/2019-240, s. 23 SOR/2020-112, s. 3 SOR/2023-194, s. 2 SOR/2024-267, s. 8 SOR/2025-68, s. 2 2026, c. 3, s. 584
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations — 5
5 The provisions of this Part are subject to the provisions of Parts 5 and 6. SOR/2008-21, s. 4 SOR/2019-240, s. 23