Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

44 (1) Subject to subsection (2), every legal counsel and every legal firm is subject to Part 1 of the Act when they engage in any of the following activities on behalf of any person or entity:

• (a) receiving or paying funds, other than those received or paid in respect of professional fees, disbursements, expenses or bail; or

• (b) giving instructions in respect of any activity referred to in paragraph (a).

(2) Subsection (1) does not apply in respect of legal counsel when they engage in any of the activities referred to in that subsection on behalf of their employer.