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

Marginal note:Electronic funds transfer

9.5 Every person or entity that is referred to in section 5 and that is prescribed shall, in respect of a prescribed electronic funds transfer that occurs in the course of their financial activities,

• (a) include with the transfer any prescribed information and, as the case may be,

  • (i) the name, address and account number of the holder of the account from which the funds for the transfer are withdrawn, or

  • (ii) the name, address and reference number of the person or entity that requested the transfer;

• (b) take reasonable measures to ensure that any transfer that the person or entity receives includes that information; and

• (c) take any prescribed measures.