Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
71.1 The prescribed special measures that are required to be taken by a person or entity referred to in subsection 9.6(1) of the Act for the purpose of subsection 9.6(3) of the Act are the development and application of written policies and procedures for
(a) taking reasonable measures to keep client identification information and the information referred to in section 11.1 up to date;
(b) taking reasonable measures to conduct ongoing monitoring for the purpose of detecting transactions that are required to be reported to the Centre under section 7 of the Act; and
(c) mitigating the risks identified in accordance with subsection 9.6(3) of the Act.
- SOR/2007-122, s. 67
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