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Regulations
There are 3 regulations under the PCMLTFA
1. |
The Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Reporting Regulations |
Reference:
Canada Gazette, Part II,
SOR/2001-317 (PDF
see page 1927) amended by:
This regulation prescribes:
- the entities that are subject to Part I of the Act;
- the information that must be in a suspicious transaction report and a
terrorist property report;
- the time limits and the format of the reports;
- the "designated information" which FINTRAC can communicate.
For more information on this regulation, consult the
FINTRAC Guidelines. |
2. |
The Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations |
Reference:
Canada Gazette, Part II, SOR/2002-184
(PDF)
amended by:
This regulation prescribes:
- customer identification requirements;
- record keeping requirements;
- transactions that must be reported (large cash transactions and
electronic funds transfers);
- compliance regime requirements.
For more information on this regulation, consult the
FINTRAC Guidelines. |
3. |
The Cross-Border Currency and Monetary Instruments Reporting Regulations |
Reference:
Canada Gazette, Part II, SOR/2002-412 (PDF) amended by:
The regulation, among other things:
- defines “monetary instruments”;
- prescribes the reporting threshold at $10,000;
- prescribe the form and manner for reporting to CCRA.
For more information about this regulation, refer to the
Canada Border
Services Agency (CBSA) website. |
Office Consolidation
An office consolidation of these Regulations has been prepared for ease
of reference. This takes into account amendments that have been made to
the regulations since their initial publication. The office consolidations
do not replace the official versions of the Regulations.
- The Office Consolidation of the
Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious
Transaction Reporting Regulations (PDF)
- The Office Consolidation of the
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
(PDF)
- The Office Consolidation of the
Cross-Border Currency and Monetary
Instruments Reporting Regulations (PDF)
All regulations are presently in force and have been since March 31, 2003.
Note however, that various parts of the regulations came into force on different dates:
- November 8, 2001
- June 12, 2002
- January 6, 2003
- January 31, 2003
- March 31, 2003
See Canada Gazette noted in the references above for more details.
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