Record Keeping

Money services businesses must keep the following records:

  • Large cash transaction reports.
  • Client information records.
  • Foreign currency exchange transaction tickets.
  • Client credit files.
  • Client corporate records.
  • Records for the sale of travellers’ cheques, money orders or other similar instruments of $3,000 or more.
  • Records for money orders cashed in the amount of $3,000 or more.
  • Suspicious transaction reports.
  • Remittance or transmission reports.
  • Beneficial ownership records.
  • Client verification records.