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Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Version of section 77 from 2002-12-31 to 2014-06-18:


Marginal note:Reporting — section 9

  •  (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 $500,000 for a first offence and of not more than $1,000,000 for each subsequent offence.

  • Marginal note:Due diligence defence

    (2) No person or entity shall be convicted of an offence under subsection (1) if they exercised due diligence to prevent its commission.

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