Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

31 Every money services business shall keep a record of the following information when a transaction is reviewed under subsection 67.2(2):

• (a) the office or position in respect of which the person initiating the transaction or the beneficiary of the transaction is determined to be a politically exposed foreign person;

• (b) the source, if known, of the funds that have been used for the transaction;

• (c) the date of the determination that the person referred to in paragraph (a) is a politically exposed foreign person;

• (d) the name of the member of senior management who reviewed the transaction; and

• (e) the date the transaction was reviewed.