Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Marginal note:Application for review

• 73.19 (1) A person or entity served with a notice of default under subsection 73.18(1) may, on or before the date specified in the notice or within any further time that the Centre allows, file an application for review by the Director.

• Marginal note:Review

  (2) The Director may confirm the Centre’s decision or decide that the person or entity has complied with the compliance agreement.

• Marginal note:Failure to pay or apply for review

  (3) A person or entity that neither pays the amounts set out in the notice of default nor files an application for review in accordance with the notice is deemed to have not complied with the compliance agreement and shall pay the amounts without delay.

• Marginal note:Notice of decision and right of appeal

  (4) The Director shall cause notice of the decision to be issued and served on the person or entity together with, in the case of a serious violation or very serious violation, notice of the right of appeal under subsection 73.21(1).