Emergency Economic Measures Order (SOR/2022-22)

Marginal note:Registration requirement — FINTRAC

• 4 (1) The entities referred to in paragraphs 3(k) and (l) must register with the Financial Transactions and Reports Analysis Centre of Canada established by section 41 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act if they are in possession or control of property that is owned, held or controlled by or on behalf of a designated person.

• Marginal note:Reporting obligation — suspicious transactions

  (2) Those entities must also report to the Centre every financial transaction that occurs or that is attempted in the course of their activities and in respect of which there are reasonable grounds to suspect that

  • (a) the transaction is related to the commission or the attempted commission of a money laundering offence by a designated person; or

  • (b) the transaction is related to the commission or the attempted commission of a terrorist activity financing offence by a designated person.

• Marginal note:Reporting obligation — other transactions

  (3) Those entities must also report to the Centre the transactions and information set out in subsections 30(1) and 33(1) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations.