Proceeds of Crime (Money Laundering) and Terrorist Financing Act
Marginal note:Commission of violation
73.13 (1) Every contravention that is designated under paragraph 73.1(1)(a) constitutes a violation and the person who commits the violation is liable to a penalty determined in accordance with sections 73.1 and 73.11.
Marginal note:Notice of violation or compliance agreement
(2) If the Centre believes on reasonable grounds that a person or entity has committed a violation, the Centre may
(a) issue and cause to be served on the person or entity a notice of violation; or
(b) issue and cause to be served on the person or entity a notice of violation with an offer to reduce by half the penalty proposed in the notice if the person or entity enters into a compliance agreement with the Centre in respect of the provision to which the violation relates.
- 2006, c. 12, s. 40
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