Fintrac/Anti
Money Laundering

British Columbia notaries public and British Columbia notary corporations must fulfill specific obligations as required by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations to help combat money laundering and terrorist activity financing in Canada. For the purpose of the PCMLTFA, a British Columbia notary public is a person who is a member of the Society of Notaries Public of British Columbia; and a British Columbia notary corporation is an entity that carries on the business of providing notary services to the public in British Columbia in accordance with the Notaries Act, R.S.B.C. 1996, c. 334.

As a British Columbia notary public or a British Columbia notary corporation (collectively referred to as British Columbia notaries), you have obligations as required by the PCMLTFA and associated Regulations when you engage in any of the following activities on behalf of a person or entity, or give instructions on behalf of a person or entity in respect of:

• receiving or paying funds or virtual currency (other than those received or paid as professional fees, disbursements, expenses or bail);
• purchasing or selling securities, real property or immovables, or business assets or entities; or
• transferring funds, virtual currency or securities by any means.

If you are a British Columbia notary public that is acting in the capacity of an employee of a British Columbia notary corporation, the obligations described below are the responsibility of your employer, with the exception of submitting suspicious transaction reports (STRs) to FINTRAC, which is applicable to both you and your employer.

British Columbia notaries are responsible for the following requirements under the PCMLTFA and associated Regulations.

For more information, please see Financial Transactions and Reports Analysis Centre of Canada