The Proceeds of Crime (Money Laundering) Act was amended in December, 2001 to become the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
The object of the PCMLTFA is:
Recent amendments
Amendments to the PCMLTFA received Royal Assent on December 14, 2006. The amending Bill C-25 can be consulted on the Parliament of Canada Web site.
Some of those amendments are now in force. Those which came into force in February 2007 have been incorporated in the office consolidation mentioned below. However, amendments coming into force on June 30, 2007 have not yet been incorporated. This will be done as soon as possible.
Most of the amendments affecting reporting entity obligations are not included in the consolidation as they are not yet in effect. More details about these changes are available in the related Regulations published in June 2007.
Reference
The office consolidation of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PDF version, 263 Kb) takes into account amendments to the law from Bill C-25 that came into effect on February 10, 2007. This document is intended for reference only. Amendments coming into effect on June 30, 2007 have not yet been incorporated. This will be done as soon as possible.
More changes will come into effect on June 23, 2008 and these will be reflected in the office consolidation once they are in effect.
Please consult the Justice Canada Web site for THE OFFICIAL version of the law.