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Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Version of section 40 from 2014-06-19 to 2024-05-28:

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

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