Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
Version of section 46 from 2021-06-01 to 2024-04-01:
46 A legal counsel or legal firm that, in connection with a transaction, receives funds from the trust account of a legal firm or from the trust account of a legal counsel who is not acting on behalf of their employer,
(a) must keep and retain a record of that fact; and
(b) is not required to include in the receipt of funds record that is kept in respect of those funds
(i) the number and type of any account that is affected by the transaction, or
(ii) the full name of the person or entity that is the holder of that account.
- SOR/2007-293, s. 14
- SOR/2019-240, s. 30
- Date modified: