Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
56.3 Any life insurance company or life insurance broker or agent that is required to ascertain the identity of any person or confirm the existence of any entity in accordance with section 56 shall
(a) conduct ongoing monitoring of its business relationship with that person or entity; and
(b) keep a record of the measures taken and the information obtained under paragraph (a).
- SOR/2013-15, s. 7
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