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Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Version of section 5 from 2014-06-19 to 2017-06-16:


Marginal note:Application of Part

 This Part applies to the following persons and entities:

  • (a) authorized foreign banks within the meaning of section 2 of the Bank Act in respect of their business in Canada, or banks to which that Act applies;

  • (b) cooperative credit societies, savings and credit unions and caisses populaires regulated by a provincial Act and associations regulated by the Cooperative Credit Associations Act;

  • (c) life companies or foreign life companies to which the Insurance Companies Act applies or life insurance companies regulated by a provincial Act;

  • (d) companies to which the Trust and Loan Companies Act applies;

  • (e) trust companies regulated by a provincial Act;

  • (f) loan companies regulated by a provincial Act;

  • (g) persons and entities authorized under provincial legislation to engage in the business of dealing in securities or any other financial instruments or to provide portfolio management or investment advising services, other than persons who act exclusively on behalf of such an authorized person or entity;

  • (h) persons and entities engaged in the business of foreign exchange dealing, of remitting funds or transmitting funds by any means or through any person, entity or electronic funds transfer network, or of issuing or redeeming money orders, traveller’s cheques or other similar negotiable instruments except for cheques payable to a named person or entity;

  • (i) persons and entities engaged in a business, profession or activity described in regulations made under paragraph 73(1)(a);

  • (j) persons and entities engaged in a business or profession described in regulations made under paragraph 73(1)(b), while carrying out the activities described in the regulations;

  • (k) casinos, as defined in the regulations, including those owned or controlled by Her Majesty;

  • (l) departments and agents of Her Majesty in right of Canada or of a province that are engaged in the business of accepting deposit liabilities, that sell money orders to the public or that sell prescribed precious metals, while carrying out the activities described in regulations made under paragraph 73(1)(c); and

  • (m) for the purposes of section 7, employees of a person or entity referred to in any of paragraphs (a) to (l).

  • 2000, c. 17, s. 5
  • 2001, c. 41, s. 51
  • 2006, c. 12, s. 3
  • 2014, c. 20, s. 256

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