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

6.1 (1) For the purpose of section 11.19 of the Act, a registered person or corporation that renews their registration for the first time shall do so not later than

• (a) in the case of a person, the last day of the month of the person’s first birthday that occurs after the second anniversary of their initial registration; and

• (b) in the case of a corporation, the last day of the month of the first anniversary of its incorporation that occurs after the second anniversary of the corporation’s initial registration.

(2) For the purposes of section 11.19 of the Act, a registered person or entity that renews their registration for the second or any subsequent time shall do so not later than the day after the second anniversary of the date of the most recent renewal of their registration.