Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

38 (1) A British Columbia notary public or British Columbia notary corporation is engaged in a business or profession for the purposes of paragraph 5(j) of the Act when, on behalf of a person or entity, they

• (a) receive or pay funds or virtual currency, other than in respect of professional fees, disbursements, expenses or bail;

• (b) purchase or sell securities, real property or immovables or business assets or entities;

• (c) transfer funds, virtual currency or securities by any means; or

• (d) give instructions in connection with an activity referred to in any of paragraphs (a) to (c).

(2) Subsection (1) does not apply to a British Columbia notary public who is acting in the capacity of an employee.