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Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Version of section 30 from 2006-03-22 to 2008-06-22:


 Every money services business shall keep the following records in respect of any of the activities referred to in section 27:

  • (a) every client information record that is created for the purpose of an ongoing business relationship between the money services business and a client;

  • (b) where a client information record is in respect of a client that is a corporation, a copy of the part of official corporate records that contains any provision relating to the power to bind the corporation in respect of transactions with the money services business, if the copy of that part is obtained in the normal course of business;

  • (c) where $3,000 or more is received in consideration of the issuance of traveller’s cheques, money orders or other similar negotiable instruments, a record of the date, the amount received, the name and address of the person who in fact gives the amount and whether the amount received was in cash, cheques, traveller’s cheques, money orders or other similar negotiable instruments;

  • (d) where money orders of $3,000 or more are cashed, a record of the name and address of the person cashing the money orders and the name of the issuer of the money orders; and

  • (e) where $3,000 or more is remitted or transmitted by any means or through any person, entity or electronic funds transfer network, a record of the name and address of the client who initiated the transaction.

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