Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 73.1(1) a of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act b, hereby makes the annexed Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties Regulations. S.C. 2006, c. 12, s. 40 S.C. 2000, c. 17; S.C. 2001, c. 41, s. 48
Definition
In these Regulations, Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
[Repealed]
Violations
The contravention of any of the following provisions is a violation that may be proceeded with under Part 4.1 of the Act:
a provision of the Act set out in Column 1 of Part 1 of the schedule;
a provision of the Act and a provision of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations set out in columns 1 and 2 of Part 2 of the schedule or, in the case of an item of Part 2 of the schedule where no provision of the Act is set out in column 1, a provision of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations set out in column 2 of Part 2 of the schedule; and
a provision of the Act and a provision of the Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Reporting Regulations set out in Columns 1 and 2 of Part 3 of the schedule.
[Repealed]
Classification
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.
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 $400,000.
Penalties
Subject to subsections 73.1(2) and (3) of the Act, the range of penalties in respect of a violation is
$1 to $40,000 in the case of a minor violation;
$1 to $4,000,000 in the case of a serious violation; and
$1 to $20,000,000 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
Service of any document under Part 4.1 of the Act may be made
in the case of a person, by
personally serving the document on the person,
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
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
in the case of an entity, by
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,
sending the document by registered mail, courier or fax to the head office or place of business of the entity, or
sending the document by electronic means other than by fax to any person referred to in subparagraph (i).
[Repealed]
In the absence of proof to the contrary, a document — other than a document that is personally served — is deemed to be served
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;
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
in the case of a document sent by fax or other electronic means, on the day of transmission.
Interest Rate Determination
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:
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
four per cent.
The interest referred to in subsection (1) is calculated and compounded monthly.
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]
PART 1 Proceeds of Crime (Money Laundering) and Terrorist Financing Act Column 1 Column 2 Item Provision of Act Classification of Violation 1 7 Very serious 2 9(3) Serious 3 9.2 Serious 4 9.31(1) Serious 5 9.4(1)(c) Serious 6 9.4(1)(d) Serious 7 9.4(2) Serious 8 9.5(a) Minor 9 9.5(b) Minor 9.1 9.6(1.1) Very serious 10 9.6(3) Serious 11 9.7(1) Serious 12 9.7(2) Serious 13 9.7(4) Minor 14 9.8(1) Serious 14.1 9.91 Serious 14.2 9.92(a) Serious 14.3 9.92(b) Serious 14.4 9.93(1)(a) Serious 14.5 9.93(1)(b) Serious 14.6 9.93(3) Serious 14.7 9.93(4) Minor 15 11.1 Serious 16 11.12(1) Serious 16.1 11.12(1.1) Serious 17 11.13(1) Serious 18 11.14(1) Serious 19 11.17(1) Serious 20 11.19 Serious 21 11.2 Serious 22 11.43 Very serious 23 11.44(1) Very serious 24 11.44(2) Serious 25 62(2) Serious 26 63.1(2) Serious PART 2 Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations Column 1 Column 2 Column 3 Item Provision of Act Provision of Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations Classification of Violation 1 9(1) 7(1)(a) Minor 2 9(1) 7(1)(b) Minor 3 9(1) 7(1)(c) Minor 4 9(1) 7(1)(d) Minor 5 9(1) 8(3)(a) Minor 6 9(1) 8(3)(b)(i) Minor 7 9(1) 8(3)(b)(ii) Minor 8 9(1) 8(3)(b)(iii) Minor 9 9(3) 9(a) Minor 10 9(3) 9(b) Minor 11 6 10 Minor 12 6 11 Minor 13 6 12 Minor 14 6 13 Minor 15 6 14(1) Minor 16 6 15(1) Minor 17 9.4(1)(a) 16(2) Minor 18 9.4(1)(e) 16(3) Serious 18.1 9.4(1)(e) 16(3.1) Serious 19 9(1) 18 Minor 20 9(1) 19 Minor 21 6 20 Minor 22 6 21 Minor 23 6 22 Minor 24 6 23 Minor 24.1 9(1) 24.11(1)(a) Minor 24.11 9(1) 24.11(1)(b) Minor 24.12 6 24.12 Minor 24.13 6 24.13 Minor 24.14 6 24.14 Minor 24.15 9(1) 24.16 Minor 24.16 9(1) 24.17 Minor 24.17 6 24.18 Minor 24.18 6 24.19 Minor 24.19 6 24.2 Minor 25 9(1) 25 Minor 26 9(1) 26 Minor 27 6 27 Minor 28 6 28 Minor 29 6 29 Minor 30 9(1) 30(1)(a) Minor 31 9(1) 30(1)(b) Minor 32 9(1) 30(1)(c) Minor 33 9(1) 30(1)(d) Minor 34 9(1) 30(1)(e) Minor 35 9(1) 30(1)(f) Minor 36 6 31 Minor 37 6 32 Minor 38 9(1) 33(1)(a) Minor 39 9(1) 33(1)(b) Minor 40 9(1) 33(1)(c) Minor 41 9(1) 33(1)(d) Minor 42 9(1) 33(1)(e) Minor 43 9(1) 33(1)(f) Minor 44 6 34 Minor 45 6 35 Minor 46 6 36 Minor 46.1 6 36.1 Minor 47 6 37 Minor 48 9(1) 39 Minor 49 9(1) 40 Minor 50 6 41 Minor 51 6 42 Minor 52 6 43 Minor 53 9(1) 48 Minor 54 9(1) 49 Minor 55 6 50 Minor 56 6 51 Minor 57 6 52 Minor 58 9(1) 54 Minor 59 9(1) 55 Minor 60 6 56 Minor 61 6 57 Minor 62 6 58(1) Minor 63 9(1) 60 Minor 64 9(1) 61 Minor 65 6 62 Minor 66 6 63 Minor 67 6 64 Minor 67.1 9(1) 64.2 Minor 67.2 9(1) 64.3 Minor 67.3 6 64.4 Minor 67.4 6 64.5 Minor 67.5 6 64.6 Minor 67.6 6 64.8 Minor 68 9(1) 66 Minor 69 9(1) 67 Minor 70 6 68 Minor 71 6 69 Minor 72 9(1) 70(1)(a) Minor 73 9(1) 70(1)(b) Minor 74 9(1) 70(1)(c) Minor 75 9(1) 70(1)(d) Minor 76 9(1) 71 Minor 77 6 72(1) Minor 78 6 73 Minor 79 6 74 Minor 80 9(1) 78 Minor 81 9(1) 79 Minor 82 6 80 Minor 83 6 81 Minor 84 6 82 Minor 85 6.1 84 Minor 86 6.1 85(1) Minor 87 6.1 86 Minor 88 6.1 87 Minor 89 6.1 88 Minor 90 6.1 89 Minor 91 9.4(1)(a) 90(a) Minor 92 9.4(1)(a) 90(b)(i) Minor 92.1 9.4(1)(a) 90(b)(ii) Minor 92.2 9.4(1)(e) 90(b)(iii) Minor 92.3 9.4(1)(e) 90(c) Minor 93 9.4(1)(a) 91(a) Minor 94 9.4(1)(a) 91(b) Minor 95 6.1 92 Minor 95.1 93.1 Minor 95.2 93.2 Minor 96 6.1 94 Minor 97 6.1 95(1), (3) or (4) Minor 98 6.1 96 Minor 99 6.1 100 Minor 100 6.1 101(1) Minor 101 6.1 101(3) Minor 102[Repealed, SOR/2024-267, s. 25] 103 6.1 102 Minor 103.1 6.1 102.1 Minor 103.2 6.1 102.2 Minor 104 6.1 103 Minor 105 6.1 104 Minor 106 6 108 Minor 107 6 109(5) Minor 108 6.1 111(2) Minor 109 6 112(4) Minor 110 6.1 114(2) Minor 111 9.3(1) 116(1)(a) Minor 112 9.3(1) 116(1)(b) Minor 113 9.3(1) 116(2) Minor 114 9.3(1) 116(3) Minor 115 9.3(1) 117 Minor 116 9.3(1) 119(1) Minor 117 9.3(1) 119(2) Minor 118 9.3(1) 119(3) Minor 119 9.3(1) 120(1) Minor 120 9.3(1) 120(2) Minor 121 9.3(1) 120(3) Minor 122 9.3(1) 120(4) Minor 123 9.3(1) 120(5) Minor 124 9.3(1) 120.1(1) Minor 125 9.3(1) 120.1(2) Minor 126 9.3(1) 120.1(3) Minor 127 9.3(1) 120.1(4) Minor 128 9.3(1) 120.2(1) Minor 129 9.3(1) 120.2(2) Minor 130 9.3(1) 120.2(3) Minor 131 9.3(1) 120.2(4) Minor 132 9.3(2) 121(1)(a) Minor 133 9.3(2) 121(1)(b) Minor 134 9.3(2) 121(1)(c) Minor 135 9.3(2.1) 121(2) Minor 136 9.3 121(3) Minor 137 9.3(2) 122(1)(a) Minor 138 9.3(2) 122(1)(b) Minor 139 9.3(2) 122(2)(a) Minor 140 9.3(2) 122(2)(b) Minor 141 9.3(2) 122(3) Minor 142 9.3(2) 122(4)(a) Minor 143 9.3(2) 122(4)(b) Minor 144 9.3(2.1) 122(5) Minor 145 9.3(2.1) 122(6) Minor 146 9.3(2.1) 122(7) Minor 147 9.3(2.1) 122(8) Minor 148 9.3 122(9) Minor 149 9.3 122(10) Minor 150 9.3(2) 122.1(1)(a) Minor 151 9.3(2) 122.1(1)(b) Minor 152 9.3(2) 122.1(2)(a) Minor 153 9.3(2) 122.1(2)(b) Minor 154 9.3(2.1) 122.1(3) Minor 155 9.3(2.1) 122.1(4) Minor 156 9.3(2.1) 122.1(5) Minor 157 9.3(2.1) 122.1(6) Minor 158 6 123(1) Minor 159 6 123(2) Minor 160 6 123(3) Minor 161 6 123(4) Minor 162 6 123(5) Minor 163 123.1 Minor 164 124.1(1) Minor 165 124.1(2) Minor 166 9(1) 125 Minor 167 9(1) 131(1) Minor 168 9(1) 131(2) Minor 169 9(1) 132(1) Minor 170 9(1) 132(2) Minor 171 9(1) 132(3) Minor 172 6.1 134(1) Minor 173 6 134(2) Minor 174 6 134(3) Minor 174.1 6 134(4) Minor 175 6.1 135(1) Minor 176 6 135(2) Minor 177 6 135(3) Minor 178 6.1 136(1) Minor 179 6 136(2) Minor 180 6 136(3) Minor 181 6.1 137(1) Minor 182 6 137(2) Minor 183 6 137(3) Minor 184 6.1 138(1) Minor 185 6.1 138(2) Minor 186 6 138(3) Minor 187 6.1 138(4)(a) Serious 188 9.6(3) 138(4)(b) Serious 189 6 138(5) Minor 189.1 138.1(1)(a) Minor 189.2 138.1(1)(b) Minor 190 6 139 Minor 191 6 144 Minor 192 6 145 Minor 193 6 146(1) Minor 194 6 148(1) Minor 195 6 149 Minor 196 9.6(1) 156(1)(a) Very serious 197 9.6(1) 156(1)(b) Very serious 198 9.6(1) 156(1)(c) and (2) Very serious 199 9.6(1) 156(1)(d) and (e) Very serious 200 9.6(1) 156(1)(f) and (3) Very serious 201 9.6(1) 156(4) Very 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 1 Column 2 Column 3 Item Provision of Act Provision of Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Reporting Regulations Classification of Violation 1 7 9(1) Serious 2 7 9(2) Serious 3 7.1 10 Very serious 4 7 and 7.1 12 Serious 5 6 12.1(1) Minor