Question
Harry is a life insurance agent. His client, George wishes to make a $200,000 deposit to a non-registered segregated fund naming his wife as the
Harry is a life insurance agent. His client, George wishes to make a $200,000 deposit to a non-registered segregated fund naming his wife as the beneficiary. In the course of the interview Harry discovers that George was a government minister in a foreign country.
Does Harry have to report George to FINTRAC?
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As a life insurance agent Harry is considered a reporting entity under Canadas antimoney laundering ...
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Principles of Risk Management and Insurance
Authors: George E. Rejda, Michael McNamara
13th edition
134082575, 978-0134083445, 013408344X, 978-0134082578
