Guidance on Tag: 50

Guidance on Tag :50: (Ordering Customer)
of the SWIFT Electronic Funds Transfer Report

As per paragraphs 12(1)(b) and 12(1)(c) of the Proceeds of Crime (Money Laundering) and Terrorist Financing (PCMLTF) Regulations, financial entities are required to report the sending out of Canada and the receipt from outside Canada, at the request of a client, of an electronic funds transfer (EFT) of $10,000 or more in the course of a single transaction. This report must contain, among other things, the following information on the client ordering the payment of the EFT (i.e., tag :50:) referred to in Schedules 2 and 3 of the PCMLTF Regulations:

1. Client's full name;
2. Client's full address;
3. Client's account number, if applicable.

Although the Society for Worldwide Interbank Financial Telecommunication (SWIFT) allows its members to choose between three options to fill out tag :50:, i.e., options A, F and K, only options F and K do provide the information that is mandatory for these reports.

Given option F can also contain information that is not set out in Schedules 2 and 3, if your financial entity sends out or receives a MT 103 message in which option F was used, we recommend that you follow these guidelines when providing information to FINTRAC:

1. When subfield 1 (Party Identifier) is used with the (Code)(Identifier) format, you should provide one of the following codes followed by the "/" character:

   ARNU

   Alien Registration Number

   CCPT

   Passport Number

   CUST

   Customer Identification Number

   DRLC

   Driver's License Number

   EMPL

   Employer Number

   IBEI

   International Business Entity Identifier (no country code allowed)

   NIDN

   National Identity Number

   SOSE

   Social Security Number

   TXID

   Tax Identification Number

   CORP

   Corporate Identification, that is, Identification Number of the Customer in a Corporation:

   OTHR

   Other identification

   However, DO NOT provide the values that follow the "/"" character. Please space-fill the remainder of the tag.

2. For subfield 2 (Name & Address), you should only provide the following codes on the lines:

   • Name of the ordering customer

     The number followed by a slash, '/' must be followed by the name of the ordering customer (where it is recommended that the surname precedes given name(s)).

   • Address Line

     The number followed by a slash, '/' must be followed by an Address Line (Address Line can be used to provide for example, street name and number, or building name).

   • Country and Town

     The number followed by a slash, '/' must be followed by the ISO country code, a slash '/' and Town (Town can be complemented by postal code (for example zip), country subdivision (for example state, province, or county).

   DO NOT provide other codes such as:

   • Date of Birth

     The number followed by a slash, '/' must be followed by the Date of Birth in the YYYYMMDD format.

   • Place of Birth

     The number followed by a slash, '/' must be followed by the ISO country code, a slash '/' and the Place of Birth.

   • Customer Identification Number

     The number followed by a slash, '/' must be followed by the ISO country code, a slash, '/', the issuer of the number, a slash, '/' and the Customer Identification Number.

   • National Identity Number

     The number followed by a slash, '/' must be followed by the ISO country code, a slash, '/' and the National Identity Number.

   • Additional Information

     The number followed by a slash, '/' is followed by information completing the Identifier provided in subfield 1 (Party Identifier) used with the (Code)(Identifier) format.