Proceeds of Crime (Money Laundering) and Terrorist Financing Act (S.C. 2000, c. 17)

PART 6Transitional Provisions, Consequential and Conditional Amendments, Repeal and Coming into Force

Transitional Provisions

Marginal note:Regulations remain in effect

Footnote ^*83 Every regulation made under the Proceeds of Crime (money laundering) Act, chapter 26 of the Statutes of Canada, 1991, that is in force immediately before the coming into force of this Act shall be deemed to have been made under this Act and shall remain in force until it is repealed or amended pursuant to this Act.

• Return to footnote ^*[Note: Section 73 in force July 5, 2000, see SI/2000-55.]

Marginal note:Definitions

83.1 The following definitions apply in this section and in sections 83.2 and 83.3.

agent or mandatary

agent or mandatary, in relation to a specified person or entity, means any agent or mandatary acting on the commencement day on behalf of the specified person or entity to provide any of the services referred to in paragraph 5(h). (mandataire)

commencement day

commencement day means the day on which this section and sections 83.2 and 83.3 come into force. (date de référence)

second anniversary

second anniversary means the second anniversary of the commencement day. (deuxième anniversaire)

specified person or entity

specified person or entity means a person or entity referred to in paragraph 5(h). (personne ou entité déterminée)

Marginal note:Agent or mandatary

• 83.2 (1) A specified person or entity shall, no later than the second anniversary,

  • (a) verify whether every agent or mandatary is a person or entity referred to in any of paragraphs 11.11(1)(a) to (f); and

  • (b) obtain and review the documents referred to in subsection 9.93(2) in respect of every agent or mandatary.

• Marginal note:Deeming

  (2) The verification and review carried out under subsection (1) are deemed to be a verification carried out under section 9.92 and a review carried out under subsection 9.93(1), respectively.

Marginal note:Documents — registration

• 83.3 (1) A specified person or entity that is registered with the Centre on the commencement day shall, in the prescribed form and manner, provide the Centre with the documents referred to in paragraph 11.12(1)(b) or (c) no later than the second anniversary.

• Marginal note:Translation

  (2) The obligation to provide a translation set out in subsection 11.12(1.1) applies with respect to those documents.

Consequential Amendments

84 to 96 [Amendments]

Conditional Amendments

97 [Amendments]

Repeal

98 [Repeal]

Coming into Force

Marginal note:Coming into force

Footnote ^*99 The provisions of this Act, other than section 97, come into force on a day or days to be fixed by order of the Governor in Council.

• Return to footnote ^*[Note: Section 97 in force on assent June 29, 2000; sections 1 to 4, 38 and 40 to 44, subsection 45(1), sections 46 to 53, paragraphs 54 (b) to (d), subsections 55(1), (2) and (6) and sections 56 to 61, 66 to 82, 84, 85, 90 and 91 in force July 5, 2000, see SI/2000-55; sections 5, 7, 8, 10 and 11, the portion of section 54 before paragraph (b), subsections 55(3) to (5.1) and (7) and section 89 in force October 28, 2001, see SI/2001-88; sections 6 and 9, subsection 45(2) and sections 62 to 65, 83 and 98 in force June 12, 2002, see SI/2002-84; sections 12 to 37 and 39 in force January 6, 2003, see SI/2002-153; sections 86 to 88 and 92 to 96 in force March 31, 2004, see SI/2004-39.]