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Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Version of section 31 from 2008-06-23 to 2017-06-16:

 Every money services business shall keep a record of the following information when a transaction is reviewed under subsection 67.2(2):

  • (a) the office or position in respect of which the person initiating the transaction or the beneficiary of the transaction is determined to be a politically exposed foreign person;

  • (b) the source, if known, of the funds that have been used for the transaction;

  • (c) the date of the determination that the person referred to in paragraph (a) is a politically exposed foreign person;

  • (d) the name of the member of senior management who reviewed the transaction; and

  • (e) the date the transaction was reviewed.

  • SOR/2007-122, s. 38

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