Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
26 Every person or entity engaged in the business of foreign exchange dealing shall keep the following records:
(a) every client information record that is created for the purpose of an ongoing business relationship between the person or entity and a client;
(b) where a client information record is created in respect of a client that is a corporation, a copy of the part of official corporate records that contains any provision relating to the power to bind the corporation in respect of transactions with the person or entity, if the copy of that part is obtained in the normal course of business;
(c) a transaction ticket in respect of every foreign currency exchange transaction;
(d) every client credit file that the person or entity creates in the normal course of business; and
(e) every internal memorandum that the person or entity receives or creates in the normal course of business and that concerns account operations.
- Date modified: