Under the federal legislation entitled Proceeds of Crime (Money Laundering) and Terrorist Financing Act,professionals and financial institutions are required to report
A) suspicious transactions or large cash payments of $10,000 or more.
B) mortgages registered in the names of family members.
C) all documentation confirming clients' identities.
D) the names and addresses of non-Canadian clientele.
E) bank accounts and trust statements of any lawyer under suspension.
Correct Answer:
Verified
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