Proceeds of Crime (Money Laundering) and Terrorist Financing Act
Version of section 7 from 2008-06-23 to 2017-06-21:
Marginal note:Transactions if reasonable grounds to suspect
7 Subject to section 10.1, every person or entity referred to in section 5 shall report to the Centre, in the prescribed form and manner, every financial transaction that occurs or that is attempted in the course of their activities and in respect of which there are reasonable grounds to suspect that
(a) the transaction is related to the commission or the attempted commission of a money laundering offence; or
(b) the transaction is related to the commission or the attempted commission of a terrorist activity financing offence.
- 2000, c. 17, s. 7
- 2001, c. 41, s. 52
- 2006, c. 12, s. 5
- Date modified: