14. The Authority may refuse to issue a licence to a money-services business if one of its officers, directors, partners, branch managers or any other person specified by regulation
(1) has made an assignment of property or is an undischarged bankrupt;
(2) is under tutorship, curatorship or advisership;
(3) is not 18 years of age or over;
(4) has been convicted of an offence under any of the Acts referred to in paragraph 1 of section 12, unless a pardon has been obtained;
(5) served in any of those capacities with a money-services business in the 12 months preceding its bankruptcy and the bankruptcy occurred less than three years before the person’s appointment;
(6) served in any of those capacities with a money-services business which, in the last three years, has been refused the right to operate or whose right to operate has, in the last three years, been revoked, suspended or made subject to conditions or restrictions by a Canadian or foreign money-services regulator; or
(7) has served in any of those capacities with a money-services business in the 12 months preceding the cessation of its activities if, in the Authority’s opinion, the cessation is attributable to unlawful acts or practices.