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

Act current to 2024-05-28 and last amended on 2024-01-22. Previous Versions

PART 2Reporting of Currency and Monetary Instruments (continued)

Agreements for Exchange of Information (continued)

Marginal note:Agreements with foreign states

 The Minister, with the consent of the Minister designated for the purpose of section 42, may enter into an agreement or arrangement in writing with the government of a foreign state, or an institution or agency of that state, that has powers and duties similar to those of the Canada Border Services Agency, whereby the Canada Border Services Agency may, if it has reasonable grounds to suspect that the information would be relevant to investigating or prosecuting a money laundering offence or a terrorist activity financing offence, provide information set out in a report made under section 20 to that government, institution or agency.

  • 2006, c. 12, s. 23

Delegation

Marginal note:Minister’s duties

  •  (1) The Minister may authorize an officer or a class of officers to exercise powers or perform duties of the Minister, including any judicial or quasi-judicial powers or duties of the Minister, under this Part.

  • Marginal note:President’s duties

    (2) The President may authorize an officer or a class of officers to exercise powers or perform duties of the President under this Part.

  • 2000, c. 17, s. 39
  • 2005, c. 38, s. 127

PART 3Financial Transactions and Reports Analysis Centre of Canada

Object

Marginal note:Object

 The object of this Part is to establish an agency that

  • (a) acts at arm’s length and is independent from law enforcement agencies and other entities to which it is authorized to disclose information under subsection 55(3), 55.1(1) or 56.1(1) or (2);

  • (b) collects, analyses, assesses and discloses information in order to assist in the detection, prevention and deterrence of money laundering and of the financing of terrorist activities, and in order to assist the Minister in carrying out the Minister’s powers and duties under Part 1.1;

  • (c) ensures that personal information under its control is protected from unauthorized disclosure;

  • (d) operates to enhance public awareness and understanding of matters related to money laundering and the financing of terrorist activities; and

  • (e) ensures compliance with Parts 1 and 1.1.

  • 2000, c. 17, s. 40
  • 2001, c. 41, s. 65
  • 2010, c. 12, s. 1870
  • 2014, c. 20, s. 276

Establishment of the Centre

Marginal note:Centre established

  •  (1) There is hereby established the Financial Transactions and Reports Analysis Centre of Canada.

  • Marginal note:Powers of Centre

    (2) The Centre may exercise powers only as an agent of Her Majesty in right of Canada.

Marginal note:Minister is responsible

  •  (1) The Minister is responsible for the Centre.

  • Marginal note:Minister may direct

    (2) The Minister may direct the Centre on any matter that, in the Minister’s opinion, materially affects public policy or the strategic direction of the Centre.

  • Marginal note:Statutory instruments

    (3) A direction under subsection (2) is not a statutory instrument for the purposes of the Statutory Instruments Act.

  • Marginal note:Advisor

    (4) The Minister may from time to time engage the services of any person to advise and report to the Minister on any matter referred to in subsection (2).

Organization and Head Office

Marginal note:Appointment of Director

  •  (1) The Governor in Council shall appoint a Director to hold office during pleasure for a term of not more than five years.

  • Marginal note:Reappointment

    (2) Subject to subsection (3), the Director is eligible to be reappointed on the expiry of a first or subsequent term of office.

  • Marginal note:Limitation

    (3) No person shall hold office as Director for terms of more than ten years in the aggregate.

  • Marginal note:Absence or incapacity

    (4) In the event of the absence or incapacity of the Director, or if the office of Director is vacant, the Governor in Council may appoint a qualified person to hold office instead of the Director for a term of not more than six months, and the person shall, while holding that office, have all of the powers, duties and functions of the Director under this Part.

  • Marginal note:Delegation by Director

    (5) The Director may delegate to any person, subject to any terms and conditions that the Director may specify, any power, duty or function conferred on the Director under this Act.

Marginal note:Accident compensation

 The Director and the employees of the Centre are deemed to be employees for the purposes of the Government Employees Compensation Act and to be employed in the federal public administration for the purposes of any regulations made under section 9 of the Aeronautics Act.

  • 2000, c. 17, s. 44
  • 2003, c. 22, s. 224(E)

Marginal note:Director’s powers

  •  (1) The Director is the chief executive officer of the Centre, has supervision over and direction of its work and employees and may exercise any power and perform any duty or function of the Centre. The Director has the rank and all the powers of a deputy head of a department.

  • Marginal note:Directions to authorized persons

    (2) The Director may authorize any person to act, under the Director’s direction, for the purposes of sections 62 to 64.

Marginal note:Employees

 An employee of the Centre may exercise any power and perform any duty or function of the Centre if the employee is appointed to serve in the Centre in a capacity appropriate to the exercise of the power or the performance of the duty or function.

Marginal note:Remuneration

 The Director shall be paid the remuneration fixed by the Governor in Council.

Marginal note:Head office

  •  (1) The head office of the Centre is to be in the National Capital Region, as described in the schedule to the National Capital Act.

  • Marginal note:Other offices

    (2) The Director may, with the approval of the Minister, establish other offices of the Centre elsewhere in Canada.

Human Resources

Marginal note:Personnel

  •  (1) The Director has exclusive authority to

    • (a) appoint, lay off or terminate the employment of the employees of the Centre; and

    • (b) establish standards, procedures and processes governing staffing, including the appointment, lay-off or termination of the employment of employees otherwise than for cause.

  • Marginal note:Right of employer

    (2) Nothing in the Federal Public Sector Labour Relations Act shall be construed so as to affect the right or authority of the Director to deal with the matters referred to in paragraph (1)(b).

  • Marginal note:Human resources management

    (3) Subsections 11.1(1) and 12(2) of the Financial Administration Act do not apply to the Centre, and the Director may

    • (a) determine the organization of and classify the positions in the Centre;

    • (b) set the terms and conditions of employment for employees, including termination of employment for cause, and assign to them their duties;

    • (c) notwithstanding section 112 of the Federal Public Sector Labour Relations Act, in accordance with the mandate approved by the Treasury Board, fix the remuneration of the employees of the Centre; and

    • (d) provide for any other matters that the Director considers necessary for effective human resources management in the Centre.

  • 2000, c. 17, s. 49
  • 2003, c. 22, ss. 190, 223(A)
  • 2017, c. 9, s. 55

Marginal note:Political activities

 Part 7 of the Public Service Employment Act applies to the Director and employees of the Centre. For the purposes of that Part, the Director is deemed to be a deputy head, and the employees are deemed to be employees, as defined in subsection 2(1) of that Act.

  • 2000, c. 17, s. 50
  • 2003, c. 22, s. 242

Appropriation

Marginal note:Advance amounts out of C.R.F.

  •  (1) Subject to subsection (2), the Minister may, in any fiscal year on terms and conditions — including the rate of interest, if any — that are determined by the Minister, advance amounts out of the Consolidated Revenue Fund to the Centre to permit it to defray its costs of operation.

  • Marginal note:Spending authority

    (2) In carrying out its responsibilities, the Centre may spend assessments and other revenues received through the conduct of its operations in the fiscal year in which they are received or, unless an appropriation Act provides otherwise, in the next fiscal year. The amount of those assessments or other revenues shall be paid out of the Consolidated Revenue Fund.

  • Marginal note:Payment for activity

    (3) If the Centre carries on any activity under paragraph 58(1)(b) or (c) on the Minister’s recommendation, the Minister may on terms and conditions approved by the Treasury Board, in any fiscal year, make a payment out of the Consolidated Revenue Fund to the Centre for the purposes of the activity.

Authority to Provide Services

Marginal note:Authority to provide services

 When a department in, or other portion of, the federal public administration specified in Schedule I, IV or V to the Financial Administration Act is authorized to provide services to another department in or portion of the federal public administration specified in one of those Schedules, it may enter into an agreement to provide those services to the Centre if it considers it appropriate to do so.

  • 2000, c. 17, s. 51
  • 2003, c. 22, s. 191

Assessments

Marginal note:Centre to ascertain expenses

  •  (1) The Centre shall, before December 31 in each year, ascertain the total amount of prescribed expenses — excluding the expenses incurred for the disclosure of designated information under subsection 55(3), 55.1(1) or 56.1(1), (2) or (3) and for the analysis and assessment of reports and information made for the purposes of that disclosure — incurred during the immediately preceding fiscal year for or in connection with the administration of this Act.

  • Marginal note:Amount conclusive

    (2) The amount ascertained under subsection (1) is final and conclusive for the purposes of this section.

  • Marginal note:Assessment

    (3) As soon as feasible after ascertaining the amount under subsection (1), the Centre shall assess a portion of the total amount of expenses against every prescribed person or entity referred to in section 5 to the prescribed extent and in the prescribed manner.

  • Marginal note:Interim assessment

    (4) The Centre may, during each fiscal year, make an interim assessment against any person or entity referred to in section 5.

Marginal note:Assessment of particular expenses

  •  (1) The Centre may assess against a person or entity referred to in section 5 a prescribed charge and applicable disbursements for any prescribed service provided to them by or on behalf of the Centre.

  • Marginal note:Interim assessment

    (2) The Centre may, during each fiscal year, make an interim assessment against the person or entity towards the amount to be assessed against them under subsection (1).

Marginal note:Prescribed information

  •  (1) For the purposes of making an assessment or interim assessment under section 51.1 or 51.2, the Centre may collect prescribed information that is

    • (a) publicly available;

    • (b) provided to the Centre under an agreement entered into under subsection 66(1); or

    • (c) provided to the Centre under subsection (2).

  • Marginal note:Request by Centre

    (2) For the purposes of paragraph (1)(c), the Centre may request that a person or entity referred to in section 5 provide the Centre with the prescribed information. The person or entity shall comply with the Centre’s request in the prescribed time and manner.

Marginal note:Assessment binding

  •  (1) Every assessment and interim assessment made under section 51.1 or 51.2 is final and conclusive and binding on the person or entity against which it is made.

  • Marginal note:Recovery

    (2) Every assessment and interim assessment constitutes a debt due to Her Majesty in right of Canada, is immediately payable and may be recovered as a debt in any court of competent jurisdiction.

  • Marginal note:Interest

    (3) Interest may be charged on the unpaid amount of an assessment or interim assessment at a rate equal to the rate prescribed under the Income Tax Act for amounts payable by the Minister of National Revenue as refunds of overpayments of tax under that Act in effect from time to time plus 2%.

Disclosure of Information

Marginal note:Director to report to Minister

  •  (1) The Director shall report to the Minister from time to time on the exercise of the Director’s powers and the performance of his or her duties and functions under this Act.

  • Marginal note:Director to report to Minister

    (1.1) On or before September 30 of each year, the Director shall submit to the Minister a report on the Centre’s activities for the preceding year that includes the following information about that year’s activities as well as information on any matters that the Minister or an officer of the Department of Finance specifies:

    • (a) a description of the activities carried out by the Centre to ensure compliance with Parts 1 and 1.1, including a description of those activities by class of persons or entities referred to in section 5, and of its conclusions as to the compliance of those persons or entities with Parts 1 and 1.1;

    • (b) any measures undertaken under paragraph 58(1)(c); and

    • (c) a description, with the relevant statistics included, of the results achieved by and the effectiveness of the Centre in the exercise of its powers and the performance of its duties and functions.

  • Marginal note:Obligation to inform

    (2) The Director shall keep the Minister and any officer of the Department of Finance whom the Director considers appropriate informed of any matter that could materially affect public policy or the strategic direction of the Centre, and any other matter that the Minister considers necessary.

  • Marginal note:Director to disclose other information

    (3) The Director shall, 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, in the form and manner that the Minister or officer directs, any information obtained by the Centre in the administration and enforcement of this Act, or any information prepared by the Centre from that information, that the Minister or the officer considers relevant for the purpose of carrying out the Minister’s powers and duties under this Act.

  • Marginal note:Disclosure of information to advisor

    (4) The Director shall disclose to a person engaged under subsection 42(4), in the form and manner that the person directs, any information obtained by the Centre in the administration and enforcement of this Act, or any information prepared by the Centre from that information, that the person considers relevant for the purpose of advising the Minister on any matter referred to in subsection 42(2).

  • 2000, c. 17, s. 52
  • 2010, c. 12, s. 1871
  • 2014, c. 20, s. 277
 

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