Proceeds of Crime (Money Laundering) and Terrorist Financing Act
Marginal note:Reporting — section 9
77 (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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