Comment
Author: Admin | 2025-04-28
Brought to the reporting entity was used for (see “disposition”). A transaction may have one or more completing actions depending on the instructions provided by the person or entity. (action d’achèvement) Compliance officerThe individual, with the necessary authority, that you appoint to be responsible for the implementation of your compliance program. (agent de conformité) Compliance policies and proceduresWritten methodology outlining the obligations applicable to your business under the PCMLTFA and its associated Regulations and the corresponding processes and controls you put in place to address your obligations. (politiques et procédures de conformité) Compliance programAll elements (compliance officer, policies and procedures, risk assessment, training program, effectiveness review) that you, as a reporting entity, are legally required to have under the PCMLTFA and its associated Regulations to ensure that you meet all your obligations. (programme de conformité) ContextClarifies a set of circumstances or provides an explanation of a situation or financial transaction that can be understood and assessed. (contexte) Correspondent banking relationshipA relationship created by an agreement or arrangement under which an entity referred to in any of paragraphs 5(a), (b), (d),(e) and (e.1) or an entity that is referred to in section 5 and that is prescribed undertakes to provide to a prescribed foreign entity prescribed services or international electronic funds transfers, cash management or cheque clearing services. (relation de correspondant bancaire)Reference:PCMLTFA, S.C. 2000, c 17, s. 9.4(3) and PCMLTFR, SOR/2002-184, s. 16(1)(b). Country of residenceThe country where an individual has lived continuously for 12 months or more. The individual must have a dwelling in the country concerned. For greater certainty, a person only has one country of residence no matter how many dwelling places they may have, inside or outside of that country. (pays de résidence) Credit card acquiring businessA credit card acquiring business is a financial entity that has an agreement with a merchant to provide the following services: enabling a merchant to accept credit card payments by cardholders for goods and services and to receive payments for credit card purchases; processing services, payment settlements and providing point-of-sale equipment (such as computer terminals); and providing other ancillary services to the merchant. (entreprise d'acquisition de cartes de crédit) Credit union centralA central cooperative credit society, as defined in section 2 of the Cooperative Credit Associations Act, or a credit union central or a federation of credit unions or caisses populaires that is regulated by a provincial Act other than one enacted by the legislature of Quebec. (centrale de caisses de crédit)Reference:PCMLTFR, SOR/2002-184, s. 1(2).Crowdfunding platformA website or an application or other software that is used to raise funds or virtual currency through donations. (plateforme de sociofinancement)Reference:PCMLTFR, SOR/2002-184, s. 1(2).Crowdfunding platform servicesThe provision and maintenance of a crowdfunding platform for use by other persons or entities to raise funds or virtual currency for themselves or for persons or entities specified by them. (services de plateforme de sociofinancement)Reference:PCMLTFR, SOR/2002-184, s. 1(2). CurrentIn respect of a document or source of information that is used to verify identity, is up to date, and, in
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