Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
18 Subject to section 20.2 and 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 any of paragraphs 62(2)(c) to (f).
- SOR/2007-122, s. 31
- SOR/2016-153, s. 25
- Date modified: