Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada

Search

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Version of section 49 from 2006-03-22 to 2008-06-22:


 Every department and agent of Her Majesty in right of Canada or of a province that engages in an activity referred to in section 46 shall keep the following records in respect of that activity:

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

  • (b) where the client information record is in respect of 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 department or agent;

  • (c) where the department or agent receives $3,000 or more in consideration of the issuance of 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 is in cash, cheques, traveller’s cheques, money orders or other similar negotiable instruments; and

  • (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.

Date modified: