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Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Version of section 11 from 2008-06-23 to 2020-10-05:


 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
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