Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

82 A department or an agent of Her Majesty in right of Canada or an agent or mandatary of Her Majesty in right of a province shall keep the following records in connection with an activity referred to in section 77:

• (a) if they receive an amount of $3,000 or more as consideration for the issuance or sale of one or more money orders from a person or entity other than either a financial entity or a person who is acting on behalf of a client that is a financial entity,

  • (i) a record of the date of the receipt,

  • (ii) in the case of a person, a record of their name, address, date of birth and the nature of their principal business or their occupation,

  • (iii) in the case of an entity, an information record,

  • (iv) a record of the amount received,

  • (v) a record indicating whether the amount received is in funds or virtual currency and the type and amount of each type of funds and each of the virtual currencies involved,

  • (vi) a record of the number of every account that is affected by the transaction, the type of account and the name of each account holder,

  • (vii) a record of every reference number that is connected to the transaction and has a function equivalent to that of an account number, and

  • (viii) if the amount received is in virtual currency, every transaction identifier, including the sending and receiving addresses;

• (b) if they redeem one or more money orders that total $3,000 or more at the request of a person or entity,

  • (i) a record of the date of the redemption,

  • (ii) in the case of a person, a record of their name, address, date of birth and the nature of their principal business or their occupation,

  • (iii) in the case of an entity, an information record,

  • (iv) a record of the total amount of the money order or orders,

  • (v) a record of the name of the issuer of each money order,

  • (vi) a record of the number of every account that is affected by the redemption, the type of account and the name of each account holder,

  • (vii) a record of every reference number that is connected to the redemption and has a function equivalent to that of an account number; and

  • (viii) if the redemption involves virtual currency, every transaction identifier, including the sending and receiving addresses; and

• (c) if the 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 the agent or mandatary.