Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

63 (1) Where a person has ascertained the identity of another person in accordance with section 64, the person is not required to subsequently ascertain that same identity again if they recognize that other person.

(2) Where a person has confirmed the existence of a corporation and ascertained its name and address and the names of its directors in accordance with section 65, the person is not required to subsequently confirm or ascertain that same information.

(3) Where a person has confirmed the existence of an entity other than a corporation in accordance with section 66, the person is not required to subsequently confirm that same information.

(4) Despite paragraphs 54(1)(d) and 55(b), subsections 56(3), 57(3) and 58(3) and paragraphs 59(c), 60(e) and 61(c), the name of a corporation’s director need not be ascertained when the corporation is a securities dealer.