NEW Anti-Money Laundering (AML) regulations effective Oct. 11, 2024

This declaration is required in connection with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and requires that information be
collected on all current and former:
- A politically exposed domestic person (PEDP)
- A politically exposed foreign person (PEFP)
- A head of an international organization (HIO)
- A family member or close associate is a PEDP, PEFP or HIO

Who is a PEDP?
“Politically exposed domestic person” means an individual who holds or has over the past five years one of the following offices or positions on behalf of the federal government a provincial or municipal government: a governor general, lieutenant governor or head of government; a member of the Senate or House of Commons or member of a legislature; a deputy minister (or equivalent); an ambassador or an ambassador’s attaché or counsellor; a military general (or higher rank); a president of a corporation that is wholly owned directly by Her Majesty in right of Canada or a province; a head of a government agency; a judge of an appellate court in a province, the Federal Court of Appeal or the Supreme Court of Canada; a leader or president of a political party represented in a legislature; a mayor in a municipal government.

Who is a PEFP?
“Politically exposed foreign person” means an individual who holds or has ever held one of the following offices or positions in or on behalf of a foreign country: head of state or government, member of the executive council of government or member of a legislature, deputy minister (or equivalent), ambassador or an ambassador’s attaché or counsellor, military general (or higher rank), president of a state-owned company or bank, head of a government agency, judge, leader or President of a political party in a legislature.

Who is a HIO?
“Head of international organization” means the head of an international organization that is established by the governments of states or the head of an institution or any such organization.

Who is a family member/close associate of a PEDP, PEFP or HIO?
For the three categories, the definitions also include the mother, father, child, spouse or common-law partner (or ex- spouse or common-law partner), spouse’s or common-law partner’s mother or father; and brother, sister, half-brother or half-sister of that individual, and persons closely associated with any of the persons referred to above for personal or business reasons.

A person ceases to be a domestic politically exposed person or head of an international organization 5 years after they have left office, but remains a politically exposed person indefinitely.