Suspicious Transactions
Suspicious transactions are financial transactions for which there are reasonable grounds to suspect are related to the commission of a money laundering offence or are related to the commission of a terrorist activity financing offence. Under Canadian law, a money laundering offence involves concealing or converting property or the proceeds of property (e.g. money), knowing or believing that these were derived from the commission of an offence referred to in section 462.31 of The Criminal Code.
These offences include the following:
- Illegal acts (apart from simple possession) concerning various controlled drugs and substances
- Bribery of judicial officers
- Child pornography
- Frauds against the government
- Corrupting morals
- Keeping a gaming or betting house
- Betting, pool-selling, and book-making
- Breach of trust by a public officer
- Forgery
- Murder
- Robbery
- Secret commissions
- Keeping a common bawdy house
- Procuring juvenile prostitution
- Fraudulent manipulation of stock exchange transactions
- Possessing, issuing, or circulating counterfeit money
- Theft
- Extortion
- Fraud
- Money increment schemes
A terrorist activity financial offence includes knowingly collecting or providing property, such as funds, either directly or indirectly, to carry out terrorist crimes. This includes inviting someone else to provide property for this purpose. It also includes the use or possession of property to facilitate or carry out terrorist activities.