Proceeds of Crime (Money Laundering) and Terrorist Financing Act (S.C. 2000, c. 17)

Marginal note:Transactions if reasonable grounds to suspect

7 Subject to section 10.1, every person or entity referred to in section 5 shall, in accordance with the regulations, report to the Centre every financial transaction that occurs or that is attempted in the course of their activities and in respect of which there are reasonable grounds to suspect that

• (a) the transaction is related to the commission or the attempted commission of a money laundering offence;

• (b) the transaction is related to the commission or the attempted commission of a terrorist activity financing offence; or

• (c) the transaction is related to the commission or the attempted commission of a sanctions evasion offence.