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Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties Regulations

SOR/2007-292

PROCEEDS OF CRIME (MONEY LAUNDERING) AND TERRORIST FINANCING ACT

Registration 2007-12-13

Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties Regulations

P.C. 2007-1921 2007-12-13

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 73.1(1)Footnote a of the Proceeds of Crime (Money Laundering) and Terrorist Financing ActFootnote b, hereby makes the annexed Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties Regulations.

Definition

[
  • SOR/2019-240, s. 105.1
  • SOR/2020-112, s. 19
]

 In these Regulations, Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

 [Repealed, SOR/2019-240, s. 106, as amended by SOR/2020-112, s. 19]

Violations

 The contravention of any of the following provisions is a violation that may be proceeded with under sections 73.11 to 73.5 of the Act:

Classification

  •  (1) Each violation is classified as a minor, serious or very serious violation, as set out in column 2 of Part 1 of the schedule and in column 3 of Parts 2 and 3 of the schedule.

  • (2) A series of minor violations identified on a notice of violation shall be considered to be a serious violation for the purpose of section 73.21 of the Act if the total of the penalties for the violations set out in the notice is equal to or greater than $10,000.

Penalties

 Subject to subsection 73.1(2) of the Act, the range of penalties in respect of a violation is

  • (a) $1 to $1,000 in the case of a minor violation;

  • (b) $1 to $100,000 in the case of a serious violation; and

  • (c) $1 to $500,000 in the case of a very serious violation.

Additional Criteria

 For the purposes of section 73.11 of the Act, the history of compliance by the person or entity with the Act, other than Part 2 of the Act, the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, the Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Reporting Regulations and the Proceeds of Crime (Money Laundering) and Terrorist Financing Registration Regulations are prescribed as criteria that are to be taken into account in determining the amount of a penalty.

Service of Documents

  •  (1) Service of any document under Part 4.1 of the Act may be made

    • (a) in the case of a person, by

      • (i) personally serving the document on the person,

      • (ii) leaving the document with someone who appears to be an adult member of the same household at the last known address or usual place of residence of the person, or

      • (iii) sending the document by registered mail, courier, fax or other electronic means to the person’s last known address or usual place of residence; and

    • (b) in the case of an entity, by

      • (i) leaving the document at the entity’s head office or place of business, with an officer or other person who appears to be in control or management of the head office or place of business,

      • (ii) sending the document by registered mail, courier or fax to the head office or place of business of the entity, or

      • (iii) sending the document by electronic means other than by fax to any person referred to in subparagraph (i).

  • (2) If a document is sent by fax or other electronic means, a copy of it shall also be sent by registered mail to the person’s last known address or usual place of residence, or, in the case of an entity, to the entity’s head office or place of business.

 In the absence of proof to the contrary, a document — other than a document that is personally served — is deemed to be served

  • (a) in the case of a document that is left with an adult referred to in subparagraph 7(1)(a)(ii), on the day the document is left with the adult;

  • (b) in the case of a document that is sent by registered mail or courier, on the tenth day after the date indicated in the receipt issued by the postal or courier service; and

  • (c) in the case of a document sent by fax or other electronic means, on the day of transmission.

Interest Rate Determination

  •  (1) For the purposes of section 73.28 of the Act, the prescribed rate of interest at any time in a particular quarter is the total of:

    • (a) the rate that is the simple arithmetic mean, expressed as a percentage per year and rounded to the next higher whole percentage where the mean is not a whole percentage, of all amounts each of which is the average equivalent yield, expressed as a percentage per year, of Government of Canada Treasury Bills that mature approximately three months after their date of issue and that are sold at auctions of Government of Canada Treasury Bills during the first month of the quarter preceding the particular quarter; and

    • (b) four per cent.

  • (2) The interest referred to in subsection (1) is calculated and compounded monthly.

  • (3) For the purposes of subsection (1) quarter means a period of three consecutive months ending on March 31, June 30, September 30 or December 31.

 [Repealed, SOR/2019-240, s. 110]

SCHEDULE(Sections 3 and 4)

PART 1

Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Column 1Column 2
ItemProvision of ActClassification of Violation
17Very serious
29(3)Serious
39.2Serious
49.31(1)Serious
59.4(1)(c)Serious
69.4(1)(d)Serious
79.4(2)Serious
89.5(a)Minor
99.5(b)Minor
109.6(3)Serious
119.7(1)Serious
129.7(2)Serious
139.7(4)Minor
149.8(1)Serious
1511.1Serious
1611.12(1)Serious
1711.13(1)Serious
1811.14(1)Serious
1911.17(1)Serious
2011.19Serious
2111.2Serious
2211.43Very serious
2311.44(1)Very serious
2411.44(2)Serious
2562(2)Serious
2663.1(2)Serious

PART 2

Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Column 1Column 2Column 3
ItemProvision of ActProvision of Proceeds of Crime (Money Laundering) and Terrorist Financing RegulationsClassification of Violation
19(1)7(1)(a)Minor
29(1)7(1)(b)Minor
39(1)7(1)(c)Minor
49(1)7(1)(d)Minor
59(1)8(3)(a)Minor
69(1)8(3)(b)(i)Minor
79(1)8(3)(b)(ii)Minor
89(1)8(3)(b)(iii)Minor
99(3)9(a)Minor
109(3)9(b)Minor
11610Minor
12611Minor
13612Minor
14613Minor
15614(1)Minor
16615(1)Minor
179.4(1)(a)16(2)Minor
189.4(1)(e)16(3)Serious
199(1)18Minor
209(1)19Minor
21620Minor
22621Minor
23622Minor
24623Minor
259(1)25Minor
269(1)26Minor
27627Minor
28628Minor
29629Minor
309(1)30(1)(a)Minor
319(1)30(1)(b)Minor
329(1)30(1)(c)Minor
339(1)30(1)(d)Minor
349(1)30(1)(e)Minor
359(1)30(1)(f)Minor
36631Minor
37632Minor
389(1)33(1)(a)Minor
399(1)33(1)(b)Minor
409(1)33(1)(c)Minor
419(1)33(1)(d)Minor
429(1)33(1)(e)Minor
439(1)33(1)(f)Minor
44634Minor
45635Minor
46636Minor
47637Minor
489(1)39Minor
499(1)40Minor
50641Minor
51642Minor
52643Minor
539(1)48Minor
549(1)49Minor
55650Minor
56651Minor
57652Minor
589(1)54Minor
599(1)55Minor
60656Minor
61657Minor
62658(1)Minor
639(1)60Minor
649(1)61Minor
65662Minor
66663Minor
67664Minor
689(1)66Minor
699(1)67Minor
70668Minor
71669Minor
729(1)70(1)(a)Minor
739(1)70(1)(b)Minor
749(1)70(1)(c)Minor
759(1)70(1)(d)Minor
769(1)71Minor
77672(1)Minor
78673Minor
79674Minor
809(1)78Minor
819(1)79Minor
82680Minor
83681Minor
84682Minor
856.184Minor
866.185(1)Minor
876.186Minor
886.187Minor
896.188Minor
906.189Minor
919.4(1)(a)90(a)Minor
929.4(1)(a)90(b)Minor
939.4(1)(a)91(a)Minor
949.4(1)(a)91(b)Minor
956.192Minor
966.194Minor
976.195(1), (3) or (4)Minor
986.196Minor
996.1100Minor
1006.1101(1)Minor
1016.1101(3)Minor
1026101(4)Minor
1036.1102Minor
1046.1103Minor
1056.1104Minor
1066108Minor
1076109(5)Minor
1086.1111(2)Minor
1096112(4)Minor
1106.1114(2)Minor
1119.3(1)116(1)(a)Minor
1129.3(1)116(1)(b)Minor
1139.3(1)116(2)Minor
1149.3(1)116(3)Minor
1159.3(1)117Minor
1169.3(1)119(1)Minor
1179.3(1)119(2)Minor
1189.3(1)119(3)Minor
1199.3(1)120(1)Minor
1209.3(1)120(2)Minor
1219.3(1)120(3)Minor
1229.3(1)120(4)Minor
1239.3(1)120(5)Minor
1249.3(1)120.1(1)Minor
1259.3(1)120.1(2)Minor
1269.3(1)120.1(3)Minor
1279.3(1)120.1(4)Minor
1289.3(1)120.2(1)Minor
1299.3(1)120.2(2)Minor
1309.3(1)120.2(3)Minor
1319.3(1)120.2(4)Minor
1329.3(2)121(1)(a)Minor
1339.3(2)121(1)(b)Minor
1349.3(2)121(1)(c)Minor
1359.3(2.1)121(2)Minor
1369.3121(3)Minor
1379.3(2)122(1)(a)Minor
1389.3(2)122(1)(b)Minor
1399.3(2)122(2)(a)Minor
1409.3(2)122(2)(b)Minor
1419.3(2)122(3)Minor
1429.3(2)122(4)(a)Minor
1439.3(2)122(4)(b)Minor
1449.3(2.1)122(5)Minor
1459.3(2.1)122(6)Minor
1469.3(2.1)122(7)Minor
1479.3(2.1)122(8)Minor
1489.3122(9)Minor
1499.3122(10)Minor
1509.3(2)122.1(1)(a)Minor
1519.3(2)122.1(1)(b)Minor
1529.3(2)122.1(2)(a)Minor
1539.3(2)122.1(2)(b)Minor
1549.3(2.1)122.1(3)Minor
1559.3(2.1)122.1(4)Minor
1569.3(2.1)122.1(5)Minor
1579.3(2.1)122.1(6)Minor
1586123(1)Minor
1596123(2)Minor
1606123(3)Minor
1616123(4)Minor
1626123(5)Minor
163123.1Minor
164124.1(1)Minor
165124.1(2)Minor
1669(1)125Minor
1679(1)131(1)Minor
1689(1)131(2)Minor
1699(1)132(1)Minor
1709(1)132(2)Minor
1719(1)132(3)Minor
1726.1134(1)Minor
1736134(2)Minor
1746134(3)Minor
1756.1135(1)Minor
1766135(2)Minor
1776135(3)Minor
1786.1136(1)Minor
1796136(2)Minor
1806136(3)Minor
1816.1137(1)Minor
1826137(2)Minor
1836137(3)Minor
1846.1138(1)Minor
1856.1138(2)Minor
1866138(3)Minor
1876.1138(4)(a)Serious
1889.6(3)138(4)(b)Serious
1896138(5)Minor
1906139Minor
1916144Minor
1926145Minor
1936146(1)Minor
1946148(1)Minor
1956149Minor
1969.6(1)156(1)(a)Serious
1979.6(1)156(1)(b)Serious
1989.6(1)156(1)(c) and (2)Serious
1999.6(1)156(1)(d) and (e)Serious
2009.6(1)156(1)(f) and (3)Serious
2019.6(1)156(4)Serious

PART 3

Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Reporting Regulations

Column 1Column 2Column 3
ItemProvision of ActProvision of Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Reporting RegulationsClassification of Violation
179(1)Serious
279(2)Serious
37.110Very serious
47 and 7.112Serious
5612.1(1)Minor
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