Cross-border Currency and Monetary Instruments Reporting Regulations (SOR/2002-412)
Full Document:
Regulations are current to 2012-05-14
Cross-border Currency and Monetary Instruments Reporting Regulations
SOR/2002-412
PROCEEDS OF CRIME (MONEY LAUNDERING) AND TERRORIST FINANCING ACT
Registration 2002-11-21
Cross-border Currency and Monetary Instruments Reporting Regulations
C.P. 2002-1945 2002-11-21
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 73(1)Footnote a of the Proceeds of Crime (Money Laundering) and Terrorist Financing ActFootnote b, hereby makes the annexed Cross-border Currency and Monetary Instruments Reporting Regulations.
Return to footnote aS.C. 2001, c. 41, s. 73
Return to footnote bS.C. 2001, c. 17; S.C. 2001, c. 41, s. 48
INTERPRETATION
1. (1) The following definitions apply in the Act and these Regulations.
- “courier”
“courier” means a commercial carrier that is engaged in scheduled international transportation of shipments of goods other than goods imported or exported as mail. (messager)
- “monetary instruments”
“monetary instruments” means the following instruments in bearer form or in such other form as title to them passes on delivery, namely,
(a) securities, including stocks, bonds, debentures and treasury bills; and
(b) negotiable instruments, including bank drafts, cheques, promissory notes, travellers' cheques and money orders, other than warehouse receipts or bills of lading.
For greater certainty, this definition does not apply to securities or negotiable instruments that bear restrictive endorsements or a stamp for the purposes of clearing or are made payable to a named person and have not been endorsed. (effets)
(2) The following definitions apply in these Regulations.
- “Act”
“Act” means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. (Loi)
- “cargo ship”
“cargo ship” means a commercial vessel that is engaged in international transportation of shipments of goods other than goods imported or exported as mail. (navire de charge)
- “commercial passenger conveyance”
“commercial passenger conveyance” means a conveyance that is used to carry passengers who have paid for passage. (moyen de transport commercial de passagers)
- “conveyance”
“conveyance” means any vehicle, aircraft or water-borne craft, or other contrivance that is used to move persons, goods, currency or monetary instruments. (moyen de transport)
- “cruise ship”
“cruise ship” means a commercial vessel that has sleeping facilities for over 70 persons who are not crew members but does not include a vessel engaged in passenger or cargo ferry service. (navire de croisière)
- “emergency”
“emergency” means a medical emergency, fire, flood or other disaster that threatens life, property or the environment. (urgence)
- “non-commercial passenger conveyance”
“non-commercial passenger conveyance” means a conveyance that does not have aboard any person who has paid for passage and includes corporate aircraft, private aircraft and marine pleasure craft. (moyen de transport non commercial de passagers)
- “transfer agent”
“transfer agent” means a person or entity appointed by a corporation to maintain records of stock, debenture and bond owners, to cancel and issue certificates and to send out dividend cheques. (agent de transfert)
- SOR/2003-358, s. 25.
