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Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Version of section 44 from 2009-09-28 to 2021-05-31:

  •  (1) Every casino that is required to report a disbursement under subsection 42(1) shall take reasonable measures to determine whether the person who in fact receives the disbursement is acting on behalf of a third party.

  • (2) Where the casino determines that the person who receives the disbursement is acting on behalf of a third party, the casino shall keep a record that sets out

    • (a) if the third party is a person, their name, address and date of birth and the nature of their principal business or their occupation, as applicable;

    • (b) if the third party is an entity, the name and address of the entity and the nature of its principal business and, if the entity is a corporation, the entity’s incorporation number and the place where it was issued; and

    • (c) the nature of the relationship between the third party and the person who receives the disbursement.

  • (3) Where the casino is not able to determine whether the person who receives the disbursement is acting on behalf of a third party, but there are reasonable grounds to suspect that they are doing so, the casino shall keep a record that

    • (a) indicates whether, according to the person, the disbursement is being received on behalf of a third party; and

    • (b) describes the grounds for suspecting that the person is acting on behalf of a third party.

  • SOR/2008-21, s. 10
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