Proceeds of Crime (Money Laundering) and Terrorist Financing Act — P-24.501 82
82 The Act is amended by adding the following after section 11.4: Enrolment 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. 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. 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. Renewal 11.4004 An enrolled person or entity shall renew their enrolment within the prescribed period. Application for renewal 11.4005 An application for renewal of enrolment shall be submitted to the Centre in the prescribed form and manner and shall include the prescribed information. Notice of renewal 11.4006 An applicant for renewal of enrolment remains on the roll referred to in subsection 54.2(1) if the Centre approves the application. The Centre shall, without delay, notify the applicant of the renewal. Changes to information 11.4007 An applicant for enrolment or for renewal of enrolment shall notify the Centre, in the prescribed form and manner, of any change to the information provided in the application or of any newly obtained information that should have been included in the application within 30 days after the day on which the applicant becomes aware of the change or obtains the new information. Clarifications — applicant 11.4008 (1) An applicant for enrolment or for renewal of enrolment shall provide the Centre, in the prescribed form and manner, with any clarifications that the Centre may request in respect of the information described in section 11.4002 or 11.4005 within 30 days after the day on which the request is made. Denial of application (2) If the applicant does not provide the Centre with the clarifications within the period specified in subsection (1), the Centre may deny the application and shall, without delay, notify the applicant of the denial. Denial of application 11.4009 (1) The Centre shall deny an application for enrolment or for renewal of enrolment if (a) the applicant committed a compliance order violation or a prescribed violation, became liable to pay a penalty for it and, 30 days after the day on which all proceedings in respect of the violation ended, has still not paid the penalty together with any interest imposed under section 73.28; or (b) the Centre determines that the applicant is in a prescribed relationship with a person or entity in the situation described in paragraph (a). Notice of denial (2) If an application is denied, the Centre shall, without delay, notify the applicant of the denial. Clarifications — enrolled person or entity 11.401 (1) An enrolled person or entity shall provide the Centre, in the prescribed form and manner, with any clarifications that the Centre may request in respect of the information described in section 11.4002 or 11.4005 within 30 days after the day on which the request is made. Revocation of enrolment (2) If the enrolled person or entity does not provide the Centre with the clarifications within the period specified in subsection (1), the Centre may revoke their enrolment and shall, without delay, notify the person or entity of the revocation. Revocation of enrolment 11.4011 (1) The Centre may revoke the enrolment of an enrolled person or entity if (a) the person or entity committed a compliance order violation or a prescribed violation, became liable to pay a penalty for