Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Marginal note:Provision of information

• 77.1 (1) Every person or entity that, under this Act, is required to provide information to the Centre or to a person responsible for carrying out functions under this Act is guilty of an offence if they knowingly

  • (a) withhold material information;

  • (b) make a false or misleading statement, including by omission; or

  • (c) provide false or misleading information, including by omission.

• Marginal note:Punishment

  (2) Every person or entity that commits an offence under subsection (1) is liable

  • (a) on summary conviction, to a fine of not more than $2,500,000 or to imprisonment for a term of not more than two years less a day, or to both; or

  • (b) on conviction on indictment, to a fine of not more than $5,000,000 or to imprisonment for a term of not more than five years, or to both.