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Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Version of section 18 from 2006-03-22 to 2008-06-22:

 Subject to subsection 52(2), every life insurance company or life insurance broker or agent shall keep a large cash transaction record in respect of every amount in cash of $10,000 or more that is received from a client in the course of a single transaction, unless

  • (a) the cash is received from a financial entity or a public body; or

  • (b) the transaction is a transaction referred to in subsection 62(1).

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