E-12.000001 - Money-Services Businesses Act

Full text
66. A person who
(1)  in any manner makes a misrepresentation to the Authority or another person or entity when pursuing activities governed by this Act,
(2)  hinders or attempts to hinder a person acting on behalf of the Authority,
(3)  hinders or attempts to hinder an inspector or an investigator, refuses to provide an inspector or an investigator with information or a document the inspector or investigator is entitled to require or examine, or conceals or destroys a document or property relevant to an inspection or investigation,
(4)  acts as nominee, uses the name of another person or an entity who holds a licence or uses that person’s or entity’s licence number to operate a money-services business,
(5)  contravenes a decision of the Authority or the Financial Markets Administrative Tribunal,
(6)  fails to provide information or documents required under this Act, or
(7)  fails to appear after summons, refuses to testify or refuses to communicate or deliver a document or thing required by the Authority or an appointed agent of the Authority, in the course of an investigation or inspection,
is guilty of an offence.
A person who contravenes any subparagraph of the first paragraph is liable to a fine of not less than $5,000 nor more than $50,000 in the case of a natural person and not less than $15,000 nor more than $200,000 in the case of a legal person or an entity.
2010, c. 40, Sch. I, s. 66; 2016, c. 7, s. 179.
66. A person who
(1)  in any manner makes a misrepresentation to the Authority or another person or entity when pursuing activities governed by this Act,
(2)  hinders or attempts to hinder a person acting on behalf of the Authority,
(3)  hinders or attempts to hinder an inspector or an investigator, refuses to provide an inspector or an investigator with information or a document the inspector or investigator is entitled to require or examine, or conceals or destroys a document or property relevant to an inspection or investigation,
(4)  acts as nominee, uses the name of another person or an entity who holds a licence or uses that person’s or entity’s licence number to operate a money-services business,
(5)  contravenes a decision of the Authority or the Bureau de décision et de révision,
(6)  fails to provide information or documents required under this Act, or
(7)  fails to appear after summons, refuses to testify or refuses to communicate or deliver a document or thing required by the Authority or an appointed agent of the Authority, in the course of an investigation or inspection,
is guilty of an offence.
A person who contravenes any subparagraph of the first paragraph is liable to a fine of not less than $5,000 nor more than $50,000 in the case of a natural person and not less than $15,000 nor more than $200,000 in the case of a legal person or an entity.
2010, c. 40, Sch. I, s. 66.