Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Marginal note:Prohibition — anonymous account or client

• 9.2 (1) No person or entity referred to in section 5 shall open an anonymous account or an account for an anonymous client.

• Marginal note:Anonymous client

  (2) A client is anonymous for the purposes of subsection (1) if the person or entity cannot verify the identity of the client in accordance with the regulations or if the client’s name is obviously fictitious.