Marginalia

SOR/2002-184

What changed

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Comparing  → 

3 modified

PART 1: Requirements To Report Transactions and To Keep Records

Financial Entities

  • s. 12
    • (q)

      if it is the final recipient of an international electronic funds transfer of $1,000 or more, a record of (i) the date on which the electronic funds transfer is finally received, (ii) the type and amount of each type of funds that is involved in the final receipt, (iii) the name and address a of each beneficiary, the nature of their principal business or their occupation and, in the case of a person, their date of birth, (iv) the date of the remittance, (v) the exchange rates used for the remittance and their source, (vi) if the remittance is in funds, the type and amount of each type of funds involved in the remittance, (vii) if the remittance is not in funds, the type of remittance and its value, if different from the amount of funds finally received, (viii) the number of every account that is affected by the final receipt or the remittance, the type of account and the name of each account holder, (ix) every reference number that is connected to the electronic funds transfer and has a function equivalent to that of an account number, (x) the name and address of the person or entity that requested the initiation of the electronic funds transfer, unless that information was not, despite the taking of reasonable measures, included with the transfer and is not otherwise known, (xi) the number of every account that is affected by the electronic funds transfer, other than those referred to in subparagraph (viii), and

    • (iii)

      the name and address a of each beneficiary, the nature of their principal business or their occupation and, in the case of a person, their date of birth,