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

AMENDMENTS NOT IN FORCE

• — 2026, c. 3, s. 602

  • 602 Subsection 53.32(1) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act is replaced by the following:

    • National security or integrity of financial system

      • 53.32 (1) For the purpose of assisting the Minister in determining whether to grant, revoke, suspend or amend an approval or in exercising the Minister’s powers or performing the Minister’s functions and duties under any of sections 32 to 47 and 96 of the Retail Payment Activities Act or sections 21 to 29 and 67 to 76 and subsection 77(2) of the Stablecoin Act, the Director may, at the request of the Minister or an officer of the Department of Finance, disclose to the Minister or the officer, as the case may be, any information that is under the control of the Centre and that relates to national security or to safeguarding the integrity of Canada’s financial system.

• — 2026, c. 3, s. 603

  • 603 Subsections 65.03(1) and (2) of the Act are replaced by the following:

    • Disclosure to Bank of Canada

      • 65.03 (1) The Centre may disclose to the Bank of Canada any information relating to the compliance with Part 1 or 1.1 of persons or entities to whom Part 1 or 1.1 applies if the Centre is of the opinion that the information is relevant to the Bank of Canada’s objects under the Retail Payment Activities Act or the Stablecoin Act.

      • Limitation

        (2) Any information disclosed by the Centre under subsection (1) may be used by the Bank of Canada only for the purpose of carrying out the Bank of Canada’s objects under the Retail Payment Activities Act or the Stablecoin Act or, in relation to a provision of either of those Acts that is not in force, for the purpose of planning to carry out those objects.

• — 2026, c. 4, s. 76(3)

  • • 76 (3) Paragraph 2(2)(d) of the Act is replaced by the following:

      • (d) identifying information, for the purposes of subsection 54.1(3) or 54.2(3);

• — 2026, c. 4, s. 77

  • 77 The heading of Part 1 of the English version of the Act is replaced by the following:

    Record Keeping, Verifying Identity, Reporting of Suspicious Transactions, Registration and Enrolment

• — 2026, c. 4, s. 80

  • 80 The heading “Inscription” before section 11.1 of the French version of the Act is replaced by the following:

    Inscription — entreprises fournissant des services monétaires

• — 2026, c. 4, s. 82

  • 82 The Act is amended by adding the following after section 11.4:

    Enrolment

    • Enrolment requirement

      • 11.4001 (1) Subject to subsection (2), every person or entity referred to in section 5 shall enroll with the Centre.

      • Exceptions

        (2) Subsection (1) does not apply to a person or entity referred to in paragraph 5(h), (h.1) or (m) or to a person or entity referred to in section 5 that acts exclusively as an employee or agent or mandatary of another person or entity referred to in that section.

    • Application for enrolment

      11.4002 If section 11.4001 applies to a person or entity, the person or entity shall submit an application for enrolment to the Centre within the prescribed period. The application shall be made in the prescribed form and manner and include the prescribed information.

    • Notice of enrolment

      11.4003 An applicant is enrolled if the Centre adds the applicant to the roll referred to in subsection 54.2(1). The Centre shall, without delay, notify the applicant of their enrolment.

    • Renewal

      11.4004 An enrolled person or entity shall renew their enrolment within the prescribed period.

    • Application for renewal

      11.4005 An application for renewal of enrolment shall be submitted to the Centre in the prescribed form and manner and shall include the prescribed information.

    • Notice of renewal

      11.4006 An applicant for renewal of enrolment remains on the roll referred to in subsection 54.2(1) if the Centre approves the application. The Centre shall, without delay, notify the applicant of the renewal.

    • Changes to information

      11.4007 An applicant for enrolment or for renewal of enrolment shall notify the Centre, in the prescribed form and manner, of any change to the information provided in the application or of any newly obtained information that should have been included in the application within 30 days after the day on which the applicant becomes aware of the change or obtains the new information.

    • Clarifications — applicant

      • 11.4008 (1) An applicant for enrolment or for renewal of enrolment shall provide the Centre, in the prescribed form and manner, with any clarifications that the Centre may request in respect of the information described in section 11.4002 or 11.4005 within 30 days after the day on which the request is made.

      • Denial of application

        (2) If the applicant does not provide the Centre with the clarifications within the period specified in subsection (1), the Centre may deny the application and shall, without delay, notify the applicant of the denial.

    • Denial of application

      • 11.4009 (1) The Centre shall deny an application for enrolment or for renewal of enrolment if

        • (a) the applicant committed a compliance order violation or a prescribed violation, became liable to pay a penalty for it and, 30 days after the day on which all proceedings in respect of the violation ended, has still not paid the penalty together with any interest imposed under section 73.28; or

        • (b) the Centre determines that the applicant is in a prescribed relationship with a person or entity in the situation described in paragraph (a).

      • Notice of denial

        (2) If an application is denied, the Centre shall, without delay, notify the applicant of the denial.

    • Clarifications — enrolled person or entity

      • 11.401 (1) An enrolled person or entity shall provide the Centre, in the prescribed form and manner, with any clarifications that the Centre may request in respect of the information described in section 11.4002 or 11.4005 within 30 days after the day on which the request is made.

      • Revocation of enrolment

        (2) If the enrolled person or entity does not provide the Centre with the clarifications within the period specified in subsection (1), the Centre may revoke their enrolment and shall, without delay, notify the person or entity of the revocation.

    • Revocation of enrolment

      • 11.4011 (1) The Centre may revoke the enrolment of an enrolled person or entity if

        • (a) the person or entity committed a compliance order violation or a prescribed violation, became liable to pay a penalty for it and, 30 days after the day on which all proceedings in respect of the violation ended, has still not paid the penalty together with any interest imposed under section 73.28; or

        • (b) the Centre determines that the person or entity is in a prescribed relationship with a person or entity in the situation described in paragraph (a).

      • Notice of revocation

        (2) If the Centre revokes the enrolment of the person or entity, the Centre shall, without delay, notify the person or entity of the revocation.

    • Requirement ceases to apply

      • 11.4012 (1) If section 11.4001 ceases to apply to an enrolled person or entity, the person or entity shall notify the Centre in the prescribed form and manner within 30 days after the day on which that section ceased to apply.

      • Explanation

        (2) The notice shall explain why section 11.4001 has ceased to apply to the person or entity.

      • Notice of revocation

        (3) If the Centre is satisfied that section 11.4001 has ceased to apply to the person or entity, the Centre shall revoke their enrolment and, without delay, notify them of the revocation.

      • Notice of continued enrolment

        (4) If the Centre is not satisfied that section 11.4001 has ceased to apply to the person or entity, the Centre shall, without delay, notify them of their continued enrolment.

    • Duty to notify

      11.4013 If the Centre determines that section 11.4001 applies to a person or entity that is not enrolled, the Centre shall notify that person or entity of the requirement to enroll.

    • Application for review

      • 11.4014 (1) Within 30 days after the day on which a person or entity is notified under subsection 11.4008(2), 11.4009(2), 11.401(2), 11.4011(2) or 11.4012(4) or section 11.4013, the person or entity may apply in writing to the Director of the Centre for a review of the decision in question and may provide any information in support of their application for review.

      • Review by Director

        (2) The Director shall review the decision as soon as possible and shall take into consideration any information that the Director deems relevant.

      • Decision of Director

        (3) The Director may either confirm the decision or substitute their own decision, and shall, without delay, serve notice of the review decision with reasons on the person or entity, together with notice of the right of appeal under subsection 11.4015(1).

    • Appeal to Federal Court

      • 11.4015 (1) A person or entity that applied for a review under subsection 11.4014(1) may appeal the Director’s review decision to the Federal Court within 30 days after the day on which the decision is served, or within any longer period that the Court allows.

      • Appeal

        (2) If the Director does not make a review decision within 90 days after the day on which the Director received the application for review, the applicant may appeal to the Federal Court, within 30 days after the day on which the 90-day period expires, the decision or determination in question.

      • Precautions against disclosure

        (3) In an appeal, the Court shall take every reasonable precaution, including, when appropriate, conducting hearings in private, to avoid the disclosure by the Court or any person or entity of information referred to in subsection 55(1). However, the Court is not required to take those precautions with respect to the appellant’s name and operating name.

• — 2026, c. 4, ss. 87(2), (4)

  • • 87 (2) Paragraph 53.6(1)(c) of the French version of the Act is replaced by the following:

      • c) n’est pas inscrit sous le régime de l’article 11.1 de la présente loi.

    • (4) Paragraph 53.6(2)(c) of the French version of the Act is replaced by the following:

      • c) le Centre a révoqué, au titre des paragraphes 11.11(2), 11.13(2) ou 11.17(2) ou de l’article 11.171 de la présente loi, l’inscription d’un fournisseur de services de paiement enregistré, au sens de l’article 2 de la Loi sur les activités associées aux paiements de détail.

• — 2026, c. 4, s. 88

  • 88 The Act is amended by adding the following after section 54.1:

    • Roll

      • 54.2 (1) The Centre is responsible for establishing and maintaining a roll of prescribed information submitted under section 11.4002, 11.4005, 11.4007, 11.4008 or 11.401.

      • Organization and keeping of roll

        (2) The roll is to be organized in any manner and kept in any form that the Centre may determine.

      • Public access

        (3) The Centre shall make available to the public the part of the information referred to in subsection (1) that is identifying information as defined in the regulations.

      • Verification of information

        (4) The Centre may verify information submitted under section 11.4002, 11.4005, 11.4007, 11.4008, 11.401 or 11.4012.

      • Accuracy of information

        (5) The Centre shall, in accordance with the regulations, ensure that inaccurate information on the roll is corrected.

      • Analysis of information

        (6) The Centre may analyse and assess the information referred to in subsection (4) and, in that case, that analysis or assessment is deemed to be an analysis or assessment conducted under paragraph 54(1)(c).

      • Retention of information

        (7) Subject to section 6 of the Privacy Act, the Centre shall retain information referred to in subsection (4) for 10 years beginning on the day on which the Centre denies an application for enrolment or for its renewal, on which an enrolled person or entity notifies the Centre under section 11.4012 or on which a person or entity is no longer enrolled with the Centre.

• — 2026, c. 4, s. 89(1)

  • • 89 (1) Subsection 55(1) of the Act is amended by adding the following after paragraph (b.2):

      • (b.3) information provided under section 11.4002, 11.4005, 11.4007, 11.4008, 11.401 or 11.4012 except for identifying information referred to in subsection 54.2(3);

• — 2026, c. 4, s. 91

  • 91 The portion of subsection 62(1) of the Act before paragraph (a) is replaced by the following:

    • To ensure compliance

      • 62 (1) An authorized person may, from time to time, examine the records and inquire into the business and affairs of any person or entity referred to in section 5 or any person or entity that the authorized person believes on reasonable grounds to be a person or entity referred to in that section for the purpose of ensuring compliance with Part 1 or 1.1, and for that purpose may

• — 2026, c. 4, s. 92

  • 92 Section 72.1 of the French version of the Act is replaced by the following:

    • Personne autorisée

      72.1 S’agissant d’une personne ou entité visée à l’alinéa 5h.1), il suffit, pour que les avis soient considérés comme signifiés par le Centre ou à sa demande, qu’ils soient signifiés à la personne dont le nom est indiqué dans la demande d’inscription visée au paragraphe 11.12(1) — ou qui est fourni conformément au paragraphe 11.13(1) — qui est autorisée à accepter, au nom de la personne ou entité visée à cet alinéa, des avis signifiés par le Centre en vertu de la présente loi ou que celui-ci fait signifier en vertu de celle-ci.

• — 2026, c. 4, s. 93

  • 93 Subsection 73(1) of the Act is amended by adding the following after paragraph (j):

    • (j.1) respecting the enrolment referred to in sections 11.4001 to 11.4015;

• — 2026, c. 4, s. 105(2)

  • • 105 (2) The portion of subsection 74(1) of the Act before paragraph (a) is amended by replacing “11.1” with “11.1, 11.4001”.

• — 2026, c. 4, s. 113

  • 113 Subsection 83.3(1) of the French version of the Act is replaced by the following:

    • Documents : inscription

      • 83.3 (1) Toute personne ou entité déterminée qui, à la date de référence, est inscrite auprès du Centre en application de l’article 11.1 lui fournit, selon les modalités réglementaires, les documents visés aux alinéas 11.12(1)b) et c), au plus tard au deuxième anniversaire.