Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Marginal note:Electronic funds transfer

9.5 Every person or entity that is referred to in section 5 and that is prescribed shall, in respect of a prescribed electronic funds transfer that occurs in the course of their financial activities,

• (a) include with the transfer the name, address, and account number or other reference number, if any, of the client who requested it, and any prescribed information;

• (b) take reasonable measures to ensure that any transfer that the person or entity receives includes that information; and

• (c) take any prescribed measures.