Regulations Implementing the United Nations Resolutions on Taliban, ISIL (Da’esh) and Al-Qaida

5.1 (1) Every entity referred to in paragraphs 83.11(1)(a) to (g) of the Criminal Code must determine on a continuing basis whether it is in possession or control of property owned or controlled by or on behalf of the Taliban, a person associated with the Taliban, Usama bin Laden or his associates.

(2) Every entity referred to in subsection (1) must report, within the applicable period determined under subsection 83.11(2) of the Criminal Code, to the principal agency or body that supervises or regulates it under federal or provincial law either

• (a) that it is not in possession or control of any property referred to in subsection (1); or

• (b) that it is in possession or control of such property, in which case it must also report the number of persons, contracts or accounts involved and the total value of the property.

(3) Subsection (2) does not apply in respect of any entity or class of entities that is excluded by regulations made under subsection 83.11(4) of the Criminal Code from the requirement to make a report under subsection 83.11(2) of that Act.

(4) No person contravenes subsection (2) by making a report in good faith under that subsection.