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Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Version of section 52 from 2021-06-01 to 2022-09-11:


 An accountant or accounting firm shall keep the following records in connection with an activity referred to in section 47:

  • (a) a receipt of funds record in respect of every amount of $3,000 or more that they receive, unless the amount is received from a financial entity or public body or from a person who is acting on behalf of a client that is a financial entity or public body; and

  • (b) if the receipt of funds record is in respect of 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 accountant or accounting firm.

  • SOR/2003-358, s. 11
  • SOR/2007-122, s. 47
  • SOR/2019-240, s. 36
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