GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 73.5
Time limit 73.5 (1) No proceedings in respect of a violation may be commenced later than two years after the subject-matter of the proceedings became known to the Centre. Certificate of Centre (2) A document appearing to have been issued by the Centre, certifying the day on which the subject-matter of any proceedings became known to the Centre, is admissible in evidence without proof of the signature or official character of the person appearing to have signed it and is, in the absence of evidence to the contrary, proof of the matter asserted in it. 2006, c. 12, s. 40
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 74
General offences 74 (1) Every person or entity that knowingly contravenes any of sections 6, 6.1 and 9.1 to 9.31, subsection 9.4(2), section 9.5, subsections 9.6(1), (2) and (3), sections 9.61, 9.7, 11.1, 11.43, 11.44 and 11.6, subsections 12(1) and (4) and 36(1), section 37, subsections 39.02(1), (4), (5) and (8) and 39.27(1), section 39.28, subsections 55(1) and (2), section 57 and subsections 62(2), 63.1(2) and 64(3) or the regulations is guilty of an offence and liable (a) on summary conviction, to a fine of not more than $2,500,000 or to imprisonment for a term of not more than two years less a day, or to both; or (b) on conviction on indictment, to a fine of not more than $5,000,000 or to imprisonment for a term of not more than five years, or to both. Offence — contravention of a directive (2) Every person or entity that knowingly contravenes section 11.43, except insofar as it relates to any required reporting measure as contemplated by paragraph 11.42(2)(e) and specified in a directive issued under subsection 11.42(1), is guilty of an offence and liable (a) on summary conviction, to a fine of not more than $2,500,000 or to imprisonment for a term of not more than two years less a day, or to both; or (b) on conviction on indictment, to a fine of not more than $5,000,000 or to imprisonment for a term of not more than five years, or to both. 2000, c. 17, s. 74; 2006, c. 12, s. 41; 2010, c. 12, s. 1878; 2014, c. 20, ss. 295, 296 2021, c. 23, s. 171 2024, c. 15, s. 297 2026, c. 4, s. 105
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 75
Reporting and regulations — sections 7 and 7.1 and subsection 11.49(1) 75 (1) Every person or entity that contravenes section 7 or 7.1 or any regulation made under subsection 11.49(1) is guilty of an offence and liable (a) on summary conviction, to a fine of not more than $10,000,000 or to imprisonment for a term of not more than two years less a day, or to both; or (b) on conviction on indictment, to a fine of not more than $20,000,000 or to imprisonment for a term of not more than five years, or to both. Defence for employees (2) No employee of a person or an entity shall be convicted of an offence under subsection (1) in respect of a transaction or proposed transaction that they reported to their superior or in respect of property whose existence they reported to their superior. 2000, c. 17, s. 75; 2001, c. 41, s. 74; 2010, c. 12, s. 1879 2021, c. 23, s. 172 2026, c. 4, s. 106
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 76
Disclosure 76 Every person or entity that contravenes section 8 is guilty of an offence and liable (a) on summary conviction, to a fine of not more than $1,000,000 or to imprisonment for a term of not more than one year, or to both; or (b) on conviction on indictment, to a fine of not more than $2,500,000 or to imprisonment for a term of not more than two years, or to both. 2000, c. 17, s. 76 2026, c. 4, s. 107
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 77
Reporting — section 9 77 (1) Every person or entity that contravenes subsection 9(1) or (3) is guilty of an offence and liable on summary conviction to a fine of not more than $10,000,000. Reporting — section 11.43 (2) Every person or entity that contravenes section 11.43, only insofar as it relates to any required reporting measure as contemplated by paragraph 11.42(2)(e) and specified in a directive issued under subsection 11.42(1), is guilty of an offence and liable on summary conviction to a fine of not more than $10,000,000. 2000, c. 17, s. 77; 2010, c. 12, s. 1880 2021, c. 23, s. 173 2026, c. 4, s. 108
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 77.01
Verifications and reviews — sections 9.92 and 9.93 77.01 Every person or entity that knowingly contravenes section 9.92 or 9.93 is guilty of an offence and liable (a) on summary conviction, to a fine of not more than $2,500,000 or to imprisonment for a term of not more than two years less a day, or to both; or (b) on conviction on indictment, to a fine of not more than $5,000,000 or to imprisonment for a term of not more than five years, or to both. 2024, c. 17, s. 346 2026, c. 4, s. 108
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 77.1
Provision of information 77.1 (1) Every person or entity that, under this Act, is required to provide information to the Centre or to a person responsible for carrying out functions under this Act is guilty of an offence if they knowingly (a) withhold material information; (b) make a false or misleading statement, including by omission; or (c) provide false or misleading information, including by omission. Punishment (2) Every person or entity that commits an offence under subsection (1) is liable (a) on summary conviction, to a fine of not more than $2,500,000 or to imprisonment for a term of not more than two years less a day, or to both; or (b) on conviction on indictment, to a fine of not more than $5,000,000 or to imprisonment for a term of not more than five years, or to both. 2006, c. 12, s. 42 2021, c. 23, s. 174 2026, c. 4, s. 108
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 77.2
Threats and retaliation against employees 77.2 (1) Every person or entity that is an employer, that acts on behalf of an employer or that is in a position of authority in respect of an employee commits an offence if the person or entity takes a disciplinary measure against, demotes, terminates or otherwise adversely affects the employment of an employee, or threatens to do so, (a) with the intent to compel the employee to abstain from fulfilling an obligation under this Act; or (b) with the intent to retaliate against the employee because the employee has fulfilled or taken steps to fulfill any such obligation. Punishment (2) Every person or entity that commits an offence under subsection (1) is liable (a) on summary conviction, to a fine of not more than $1,000,000 or to imprisonment for a term of not more than one year, or to both; or (b) on conviction on indictment, to a fine of not more than $2,500,000 or to imprisonment for a term of not more than five years, or to both. 2023, c. 26, s. 202 2026, c. 4, s. 109
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 77.3
Offence — structured financial transactions 77.3 (1) Every person or entity commits an offence that directly or indirectly undertakes, or attempts to undertake, a structured financial transaction. Structured financial transactions (2) For the purpose of subsection (1), a structured financial transaction is a series of financial transactions that (a) cause a person or entity referred to in section 5 to be in receipt of cash or virtual currency or involve the initiation of an international electronic funds transfer or the making of a disbursement, in any of the following transactions: (i) the redemption of chips, tokens or plaques, (ii) a front cash withdrawal, (iii) a safekeeping withdrawal, (iv) an advance on any form of credit, including an advance by a marker or a counter cheque, (v) a payment on a bet, including a slot jackpot, (vi) a payment to a client of funds received for credit to that client or another client, (vii) the cashing of a cheque or the redemption of another negotiable instrument, (viii) a reimbursement to a client of travel or entertainment expenses; (b) would, if they occurred as a single financial transaction, require a person or entity referred to in section 5 to report it to the Centre; and (c) are undertaken with the intent that a person or entity referred to in section 5 will not report a financial transaction to the Centre. Punishment (3) Every person or entity that is guilty of an offence under subsection (1) is liable (a) on summary conviction, to a fine of not more than $1,000,000 or imprisonment for a term of not more than two years less a day, or to both; or (b) on conviction on indictment, to a fine of not more than $2,500,000 or imprisonment for a term of not more than five years, or to both. 2023, c. 26, s. 202 2024, c. 15, s. 298 2026, c. 4, s. 110
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 77.4
Offence — registration 77.4 A person or entity referred to in section 11.1 that knowingly engages in an activity for which it is not registered with the Centre is guilty of an offence and liable (a) on summary conviction, to a fine of not more than $2,500,000 or to imprisonment for a term of not more than two years less a day, or to both; or (b) on conviction on indictment, to a fine of not more than $5,000,000 or to imprisonment for a term of not more than five years, or to both. 2023, c. 26, s. 203 2026, c. 4, s. 111
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 78
Liability of officers and directors 78 If a person or an entity commits an offence under this Act, any officer, director or agent of the person or entity who directed, authorized, assented to, acquiesced in or participated in its commission is a party to and guilty of the offence and liable on conviction to the punishment provided for the offence, whether or not the person or entity has been prosecuted or convicted.
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 79
Offence by employee, agent or mandatary 79 In a prosecution for an offence under section 75 or 77, (a) it is sufficient proof of the offence to establish that it was committed by an employee or agent or mandatary of the accused, whether or not the employee or agent or mandatary is identified or has been prosecuted for the offence; and (b) no person or entity shall be found guilty of the offence if they establish that they exercised due diligence to prevent its commission. 2000, c. 17, s. 79; 2006, c. 12, s. 43 2021, c. 23, s. 175
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 80
Exemption 80 A peace officer or a person acting under the direction of a peace officer is not guilty of an offence under any of sections 74 to 77 if the peace officer or person does any of the things mentioned in those sections for the purpose of investigating a money laundering offence or a terrorist activity financing offence. 2000, c. 17, s. 80; 2001, c. 41, s. 75
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 81
Time limitation — five years 81 (1) Proceedings under paragraph 74(1)(a), 74(2)(a), 75(1)(a) or 76(a), subsection 77(1) or (2) or paragraph 77.1(2)(a) or 77.2(2)(a) may be instituted within, but not after, five years after the time when the subject-matter of the proceedings arose. Time limitation — eight years (2) Proceedings under paragraph 77.3(3)(a) or 77.4(a) may be instituted within, but not after, eight years after the time when the subject-matter of the proceedings arose. 2000, c. 17, s. 81; 2006, c. 12, s. 44; 2010, c. 12, s. 1881 2023, c. 26, s. 204 2024, c. 15, s. 300 2026, c. 4, s. 112
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 82
Venue 82 A complaint or information in respect of an offence under this Act may be heard, tried or determined by a court if the accused is resident or carrying on business within the territorial jurisdiction of the court although the subject-matter of the complaint or information did not arise in that territorial jurisdiction.
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 Regulations remain in effect
Regulations remain in effect * 83 Every regulation made under the Proceeds of Crime (money laundering) Act , chapter 26 of the Statutes of Canada, 1991, that is in force immediately before the coming into force of this Act shall be deemed to have been made under this Act and shall remain in force until it is repealed or amended pursuant to this Act. * [Note: Section 73 in force July 5, 2000, see SI/2000-55.]
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 83.1
Definitions 83.1 The following definitions apply in this section and in sections 83.2 and 83.3. agent or mandatary , in relation to a specified person or entity, means any agent or mandatary acting on the commencement day on behalf of the specified person or entity to provide any of the services referred to in paragraph 5(h). ( mandataire ) commencement day means the day on which this section and sections 83.2 and 83.3 come into force. ( date de référence ) second anniversary means the second anniversary of the commencement day. ( deuxième anniversaire ) specified person or entity means a person or entity referred to in paragraph 5(h). ( personne ou entité déterminée ) 2023, c. 26, s. 206
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501
agent or mandatary , in relation to a specified person or entity, means any agent or mandatary acting on the commencement day on behalf of the specified person or entity to provide any of the services referred to in paragraph 5(h). ( mandataire )
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501
commencement day means the day on which this section and sections 83.2 and 83.3 come into force. ( date de référence )
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501
second anniversary means the second anniversary of the commencement day. ( deuxième anniversaire )
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501
specified person or entity means a person or entity referred to in paragraph 5(h). ( personne ou entité déterminée )
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 83.2
Agent or mandatary 83.2 (1) A specified person or entity shall, no later than the second anniversary, (a) verify whether every agent or mandatary is a person or entity referred to in any of paragraphs 11.11(1)(a) to (f); and (b) obtain and review the documents referred to in subsection 9.93(2) in respect of every agent or mandatary. Deeming (2) The verification and review carried out under subsection (1) are deemed to be a verification carried out under section 9.92 and a review carried out under subsection 9.93(1), respectively. 2023, c. 26, s. 206
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 83.3
Documents — registration 83.3 (1) A specified person or entity that is registered with the Centre on the commencement day shall, in the prescribed form and manner, provide the Centre with the documents referred to in paragraph 11.12(1)(b) or (c) no later than the second anniversary. Translation (2) The obligation to provide a translation set out in subsection 11.12(1.1) applies with respect to those documents. 2023, c. 26, s. 206
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 Coming into force
Coming into force * 99 The provisions of this Act, other than section 97, come into force on a day or days to be fixed by order of the Governor in Council. * [Note: Section 97 in force on assent June 29, 2000; sections 1 to 4, 38 and 40 to 44, subsection 45(1), sections 46 to 53, paragraphs 54 (b) to (d), subsections 55(1), (2) and (6) and sections 56 to 61, 66 to 82, 84, 85, 90 and 91 in force July 5, 2000, see SI/2000-55; sections 5, 7, 8, 10 and 11, the portion of section 54 before paragraph (b), subsections 55(3) to (5.1) and (7) and section 89 in force October 28, 2001, see SI/2001-88; sections 6 and 9, subsection 45(2) and sections 62 to 65, 83 and 98 in force June 12, 2002, see SI/2002-84; sections 12 to 37 and 39 in force January 6, 2003, see SI/2002-153; sections 86 to 88 and 92 to 96 in force March 31, 2004, see SI/2004-39.]
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 175.1
No ascertainment of expenses in first year 175.1 The Financial Transactions and Reports Analysis Centre of Canada is not required to ascertain, under subsection 51.1(1) of the Proceeds of Crime (Money Laundering and Terrorist Financing) Act , as enacted by section 165, the total amount of prescribed expenses incurred during the fiscal year in which section 165 comes into force.
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 121
Definitions 121 The following definitions apply in this section and in sections 122 and 123 . commencement day means the day on which this section comes into force. ( date de référence ) former Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act as it read immediately before the commencement day. ( ancienne loi ) new Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act as it reads on the commencement day. ( nouvelle loi )
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501
commencement day means the day on which this section comes into force. ( date de référence )
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501
former Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act as it read immediately before the commencement day. ( ancienne loi )
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501
new Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act as it reads on the commencement day. ( nouvelle loi )
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 122
Violations — former Act 122 Part 4.1 of the former Act continues to apply with respect to any violation , as defined in subsection 2(1) of the former Act, alleged to have been committed before the commencement day.
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 123
Violations — new Act 123 For greater certainty, Part 4.1 of the new Act applies with respect to any compliance order violation or prescribed violation , as those terms are defined in subsection 2(1) of the new Act, alleged to have been committed on or after the commencement day.
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 602
602 Subsection 53.32(1) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act is replaced by the following: National security or integrity of financial system 53.32 (1) For the purpose of assisting the Minister in determining whether to grant, revoke, suspend or amend an approval or in exercising the Minister’s powers or performing the Minister’s functions and duties under any of sections 32 to 47 and 96 of the Retail Payment Activities Act or sections 21 to 29 and 67 to 76 and subsection 77(2) of the Stablecoin Act , the Director may, at the request of the Minister or an officer of the Department of Finance, disclose to the Minister or the officer, as the case may be, any information that is under the control of the Centre and that relates to national security or to safeguarding the integrity of Canada’s financial system.
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 53.32
National security or integrity of financial system 53.32 (1) For the purpose of assisting the Minister in determining whether to grant, revoke, suspend or amend an approval or in exercising the Minister’s powers or performing the Minister’s functions and duties under any of sections 32 to 47 and 96 of the Retail Payment Activities Act or sections 21 to 29 and 67 to 76 and subsection 77(2) of the Stablecoin Act , the Director may, at the request of the Minister or an officer of the Department of Finance, disclose to the Minister or the officer, as the case may be, any information that is under the control of the Centre and that relates to national security or to safeguarding the integrity of Canada’s financial system.
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 603
603 Subsections 65.03(1) and (2) of the Act are replaced by the following: Disclosure to Bank of Canada 65.03 (1) The Centre may disclose to the Bank of Canada any information relating to the compliance with Part 1 or 1.1 of persons or entities to whom Part 1 or 1.1 applies if the Centre is of the opinion that the information is relevant to the Bank of Canada’s objects under the Retail Payment Activities Act or the Stablecoin Act . Limitation (2) Any information disclosed by the Centre under subsection (1) may be used by the Bank of Canada only for the purpose of carrying out the Bank of Canada’s objects under the Retail Payment Activities Act or the Stablecoin Act or, in relation to a provision of either of those Acts that is not in force, for the purpose of planning to carry out those objects.
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 65.03
Disclosure to Bank of Canada 65.03 (1) The Centre may disclose to the Bank of Canada any information relating to the compliance with Part 1 or 1.1 of persons or entities to whom Part 1 or 1.1 applies if the Centre is of the opinion that the information is relevant to the Bank of Canada’s objects under the Retail Payment Activities Act or the Stablecoin Act . Limitation (2) Any information disclosed by the Centre under subsection (1) may be used by the Bank of Canada only for the purpose of carrying out the Bank of Canada’s objects under the Retail Payment Activities Act or the Stablecoin Act or, in relation to a provision of either of those Acts that is not in force, for the purpose of planning to carry out those objects.
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 76
76 (3) Paragraph 2(2)(d) of the Act is replaced by the following: (d) identifying information , for the purposes of subsection 54.1(3) or 54.2(3);
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 77
77 The heading of Part 1 of the English version of the Act is replaced by the following: Record Keeping, Verifying Identity, Reporting of Suspicious Transactions, Registration and Enrolment
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 80
80 The heading “Inscription” before section 11.1 of the French version of the Act is replaced by the following: Inscription — entreprises fournissant des services monétaires
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 11.4001
Enrolment requirement 11.4001 (1) Subject to subsection (2), every person or entity referred to in section 5 shall enroll with the Centre. Exceptions (2) Subsection (1) does not apply to a person or entity referred to in paragraph 5(h), (h.1) or (m) or to a person or entity referred to in section 5 that acts exclusively as an employee or agent or mandatary of another person or entity referred to in that section.
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 11.4002
Application for enrolment 11.4002 If section 11.4001 applies to a person or entity, the person or entity shall submit an application for enrolment to the Centre within the prescribed period. The application shall be made in the prescribed form and manner and include the prescribed information.
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 11.4003
Notice of enrolment 11.4003 An applicant is enrolled if the Centre adds the applicant to the roll referred to in subsection 54.2(1). The Centre shall, without delay, notify the applicant of their enrolment.
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 11.4004
Renewal 11.4004 An enrolled person or entity shall renew their enrolment within the prescribed period.