Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

42 (1) Every casino shall report to the Centre the disbursement of $10,000 or more in the course of any of the following transactions, together with the information set out in Schedule 8:

• (a) the redemption of chips, tokens or plaques;

• (b) front cash withdrawals;

• (c) safekeeping withdrawals;

• (d) advances on any form of credit, including advances by markers or counter cheques;

• (e) payments on bets, including slot jackpots;

• (f) payments to a client of funds received for credit to that client or any other client;

• (g) the cashing of cheques or other negotiable instruments; and

• (h) reimbursements to clients of travel and entertainment expenses.

(2) For the purpose of subsection (1), two or more disbursements of less than $10,000 each that are made within 24 consecutive hours and that together total $10,000 or more are considered to be a single transaction of $10,000 or more if an employee or a senior officer of the casino knows that the disbursements are received by, or on behalf of, the same person or entity.

(3) For the purpose of subsection (1), the requirement to report information set out in Schedule 8 does not apply in respect of information set out in an item of that Schedule that is not marked with an asterisk if, after taking reasonable measures to do so, the casino is unable to obtain the information.

(4) Despite subsection (3), for the application of subsection (2), a casino is not required to report information set out in an item of Schedule 8 that is marked with an asterisk if, after taking reasonable measures to do so, the casino is unable to obtain the information.