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Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Version of section 73.13 from 2023-06-22 to 2024-04-01:


Marginal note:Commission of violation

  •  (1) Every contravention that is designated under paragraph 73.1(1)(a) constitutes a violation and the person or entity that 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
  • 2023, c. 26, s. 200(E)

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