Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (SOR/2002-184)

126 If a person or entity that is required under these Regulations to report the receipt from a person or entity of an amount in cash or to keep a large cash transaction record receives amounts in cash that total $10,000 or more in two or more transactions that are made within 24 consecutive hours, those transactions are deemed to be a single transaction of $10,000 or more if that person or entity knows that

• (a) the transactions are conducted by the same person or entity;

• (b) the transactions are conducted on behalf of the same person or entity; or

• (c) the amounts are for the same beneficiary.