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Cross-border Currency and Monetary Instruments Reporting Regulations

Version of section 1 from 2020-06-01 to 2020-10-05:

  •  (1) The following definitions apply in the Act and these Regulations.

    courier

    courier means a commercial carrier that is engaged in scheduled international transportation of shipments of goods other than goods imported or exported as mail. (messager)

    monetary instruments

    monetary instruments means the following instruments in bearer form or in such other form as title to them passes on delivery, namely,

    • (a) securities, including stocks, bonds, debentures and treasury bills; and

    • (b) negotiable instruments, including bank drafts, cheques, promissory notes, travellers’ cheques and money orders, other than warehouse receipts or bills of lading.

    For greater certainty, this definition does not apply to securities or negotiable instruments that bear restrictive endorsements or a stamp for the purposes of clearing or are made payable to a named person and have not been endorsed. (effets)

  • (2) The following definitions apply in these Regulations.

    Act

    Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. (Loi)

    cargo ship

    cargo ship means a commercial vessel that is engaged in international transportation of shipments of goods other than goods imported or exported as mail. (navire de charge)

    commercial passenger conveyance

    commercial passenger conveyance means a conveyance that is used to carry passengers who have paid for passage. (moyen de transport commercial de passagers)

    conveyance

    conveyance means any vehicle, aircraft or water-borne craft, or other contrivance that is used to move persons, goods, currency or monetary instruments. (moyen de transport)

    cruise ship

    cruise ship means a commercial vessel that has sleeping facilities for over 70 persons who are not crew members but does not include a vessel engaged in passenger or cargo ferry service. (navire de croisière)

    currency

    currency means coins referred to in section 7 of the Currency Act, notes issued by the Bank of Canada under the Bank of Canada Act that are intended for circulation in Canada or coins or bank notes of countries other than Canada. (espèces)

    emergency

    emergency means a medical emergency, fire, flood or other disaster that threatens life, property or the environment. (urgence)

    non-commercial passenger conveyance

    non-commercial passenger conveyance means a conveyance that does not have aboard any person who has paid for passage and includes corporate aircraft, private aircraft and marine pleasure craft. (moyen de transport non commercial de passagers)

    transfer agent

    transfer agent means a person or entity appointed by a corporation to maintain records of stock, debenture and bond owners, to cancel and issue certificates and to send out dividend cheques. (agent de transfert)

  • SOR/2003-358, s. 25
  • SOR/2019-240, s. 50
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