Government of Canada / Gouvernement du Canada
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Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Version of section 59.1 from 2008-06-23 to 2021-05-31:

 Subject to subsection 62(2) and section 63, every accountant and every accounting firm shall, in respect of a transaction for which a record is required to be kept under subsection 36(1),

  • (a) in accordance with subsection 64(1), ascertain the identity of every person who conducts the transaction;

  • (b) in accordance with section 65, confirm the existence of and ascertain the name and address of every corporation on whose behalf the transaction is conducted and the names of its directors; and

  • (c) in accordance with section 66, confirm the existence of every entity, other than a corporation, on whose behalf the transaction is conducted.

  • SOR/2007-122, s. 57
  • SOR/2007-293, s. 21

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