PCMLTFA definition

PCMLTFA means Proceeds of Crime (Money Laundering) and Terrorist Financing Act of Canada.

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PCMLTFA has the meaning ascribed to such term in Section 7(y).

PCMLTFA shall have the meaning assigned to such term in Section 3.2(m);

Examples of PCMLTFA in a sentence

The Investor acknowledges that the Company may in the future be required by law to disclose the Investor's name and other information relating to this Agreement and the Investor's subscription hereunder, on a confidential basis pursuant to the PCMLTFA or other laws or regulations and shall promptly notify the Company if the Investor discovers that any of the foregoing representations ceases to be true, and to provide the Company with appropriate information in connection therewith.
Yours truly 1 Under the PCMLTFA, a financial entity means a Schedule I or II bank or an authorized foreign bank under the Bank Act (Canada) a credit union, a caisse populaire, a financial services cooperative, a registered trust company or loan company, or an agent of the Crown that accepts deposit liabilities in the course of providing financial services to the public.
I also acknowledge that the Credit Union must review or refer to identification to ascertain my identity as prescribed by PCMLTFA Regulations and I agree to cooperate with the Credit Union in this regard.
The funds which will be advanced by the Subscriber hereunder will not represent proceeds of crime for the purposes of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) (the “PCMLTFA”) and the Subscriber acknowledges that the REIT may in the future be required by law to disclose the Subscriber’s name and other information relating to this Subscription Agreement and the Subscriber’s subscription hereunder, on a confidential basis, pursuant to the PCMLTFA.
To assist you in this regard, we confirm the following:  We are a financial entity1 as defined under the PCMLTFA;  We currently maintain the above account in Canada for the above-noted account holder; and  The account is not one that is exempt from identification requirements under the PCMLTFA (such as an RRSP or reverse mortgage).

More Definitions of PCMLTFA

PCMLTFA has the meaning set forth in Section 3.2(v).

PCMLTFA has the meaning given to it in Section 4.1(t);

PCMLTFA has the meaning ascribed thereto in Section 5 of this Subscription Agreement;

PCMLTFA has the meaning ascribed thereto in subsection 9.2(n) hereof;

PCMLTFA shall have the meaning assigned to such term in Section 5(s).

PCMLTFA has the meaning ascribed thereto in Section 7(w) of this Agreement;

PCMLTFA means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), or its successor legislation and the regulations made thereunder;