Oh Canada!
Bill C-2 Section 136 introduces a new offense under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, specifically Section 77.5(1), which states:
“Every person or entity that is engaged in a business, a profession or the solicitation of charitable financial donations from the public commits an offence if the person or entity accepts a cash payment, donation or deposit of $10,000 or more in a single transaction or in a prescribed series of related transactions that total $10,000 or more.”
