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Q26 Linda Jones, a life broker in Burnaby, assisted Mr Michael Singh in the preparation of his whole life policy. The face value of the
Q26 Linda Jones, a life broker in Burnaby, assisted Mr Michael Singh in the preparation of his whole life policy. The face value of the policy was $1.5 million, and Mr Singh purchased the policy with one time premium of $473,895, paid via a cheque issued by his employer. Linda is able to confirm Mr Singh's identity by his driving license and his passport. Mr Singh listed his occupation on the application as Canadian CEO for the committee for the safety of the roads. Linda had both the application and cheque in her possession when her intuition was sparked by the size of the premium payment and the name of the employer. She suspected that Mr Singh might be using laundered money or that the committee for the safety of the roads might not be the provincial public service agency Mr Singh had described. Any report Linda submits to FINTRAC should be submitted: A) In paper B) On the telephone C) In person D) electronically
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