Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
59.02 If, as a result of their ongoing monitoring of a business relationship with a person or entity under paragraph 59.01(a), the money services business considers that there is a high risk of a money laundering offence or terrorist activity financing offence, they shall treat the activities in respect of that person or entity as high risk for the purposes of subsection 9.6(3) of the Act and take the prescribed special measures referred to in section 71.1 of these Regulations.
- SOR/2013-15, s. 9
- SOR/2016-153, s. 51
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