Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada

Search

Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Version of section 35 from 2019-06-21 to 2024-02-06:


Marginal note:Delivery after final order

  •  (1) The Minister of Public Works and Government Services shall, after the forfeiture of currency or monetary instruments has become final and on being informed by the President that a person or entity has obtained a final order under section 33 or 34 in respect of the currency or monetary instruments, give to the person or entity

    • (a) the currency or monetary instruments; or

    • (b) an amount calculated on the basis of the interest of the applicant in the currency or monetary instruments at the time of the contravention in respect of which they were seized, as declared in the order.

  • Marginal note:Limit on amount paid

    (2) The total amount paid under paragraph (1)(b) shall, if the currency or monetary instruments were sold or otherwise disposed of under the Seized Property Management Act, not exceed the proceeds of the sale or disposition, if any, less any costs incurred by Her Majesty in respect of the currency or monetary instruments.

  • 2000, c. 17, s. 35
  • 2005, c. 38, s. 127
  • 2006, c. 12, s. 20
  • 2019, c. 29, s. 126(F)

Date modified: