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Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Version of section 61 from 2008-06-23 to 2016-06-29:


 Subject to subsection 62(2) and section 63, a department or agent of Her Majesty in right of Canada or of a province that engages in an activity referred to in section 46 shall

  • (a) in accordance with subsection 64(1), ascertain the identity of every person in respect of whom a client information record is required to be kept under paragraph 49(a);

  • (b) in accordance with subsection 64(1), ascertain the identity of every person in respect of whom they are not required to keep a client information record and who conducts a transaction that involves an amount of $3,000 or more for the issuance or redemption of money orders or other similar negotiable instruments;

  • (c) in accordance with section 65, confirm the existence of and ascertain the name and address of every corporation in respect of which a client information record is required to be kept under paragraph 49(a) and the names of the corporation’s directors; and

  • (d) in accordance with section 66, confirm the existence of every entity, other than a corporation, in respect of which a client information record is required to be kept under paragraph 49(a).

  • SOR/2007-122, s. 59
  • SOR/2007-293, s. 25
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