In the case of Society for Worldwide Interbank Financial Telecommunication messages, only SWIFT MT 103 messages are included. (télévirement)
entitymeans an individual, a body corporate, a partnership, a fund or an unincorporated association or organization. (entité)
fundsmeans cash, currency or securities, or negotiable instruments or other financial instruments, in any form, that indicate an entity’s title or interest, or for civil law a right, in them. (fonds)
money services businessmeans an entity
(a)that has a place of business in Canada and that is engaged in the business of providing at least one of the following services:
(i)foreign exchange dealing,
(ii)remitting funds or transmitting funds by any means or through any entity or electronic funds transfer network,
(iii)issuing or redeeming money orders, traveller’s cheques or other similar negotiable instruments except for cheques payable to a named entity,
(iv)dealing in virtual currencies, as defined by regulation, or
(v)a prescribed service; or
(b)that does not have a place of business in Canada, that is engaged in the business of providing at least one of the following services that is directed at entities in Canada, and that provides those services to their customers in Canada:
(i)foreign exchange dealing,
(ii)remitting funds or transmitting funds by any means or through any entity or electronic funds transfer network,
(iii)issuing or redeeming money orders, traveller’s cheques or other similar negotiable instruments except for cheques payable to a named entity,
(iv)dealing in virtual currencies, as defined by regulation, or
(v)a prescribed service. (entreprise de transfert de fonds ou de vente de titres négociables)
reporting entitymeans an entity that is
(a)an authorized foreign bank within the meaning of section 2 of theBank Actin respect of its business in Canada, or a bank to which that Act applies;
(b)a cooperative credit society, savings and credit union orcaisse populaireregulated by a provincial Act;
(c)a financial services cooperative regulated byAn Act respecting financial services cooperatives, R.S.Q., c