Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
Version of section 11 from 2008-06-23 to 2021-05-31:
11 A trust company that is required to keep a record in respect of an inter vivos trust in accordance with these Regulations shall keep a record that sets out the name and address of each of the beneficiaries that are known at the time that the trust company becomes a trustee for the trust and
(a) if the beneficiary is a person, their date of birth and the nature of their principal business or their occupation, as applicable; and
(b) if the beneficiary is an entity, the nature of their principal business.
- SOR/2007-293, s. 8
- Date modified: