Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Marginal note:Criteria for penalty

73.11 Except if a penalty is fixed under paragraph 73.1(1)(c), the amount of a penalty shall, in each case, be determined taking into account

• (a) the fact that penalties have as their purpose to encourage compliance with this Act rather than to punish;

• (b) the harm done by the violation;

• (c) the ability of the person or entity to pay the amount; and

• (d) any other criteria that may be prescribed by regulation.