Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
56.3 A life insurance company or life insurance broker or agent that is required to ascertain a person’s identity or confirm an entity’s existence shall
(a) conduct ongoing monitoring of their 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
- SOR/2016-153, s. 43
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