This enactment amends the Criminal Code to make it an offence for any person to knowingly make a false or misleading statement or to knowingly provide false or misleading information, including by omission, to a person or entity listed in section 5 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act with respect to the verification of the identity of a person or entity under that Act.

Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

Offences

Identity verification

462.‍311 (1) Everyone commits an offense who knowingly makes a false or misleading statement or knowingly provides false or misleading information, including by omission, whether directly or indirectly, to a person or entity referred to in section 5 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act respecting the identity of a person or entity to be verified under section 6.‍1 of that Act, including with respect to the ownership, control or structure of the entity.

Punishment

(2) Everyone who commits an offence under subsection (1) is guilty of

• (a) an indictable offence and liable to a fine of not more than $1,000,000 or to imprisonment for a term of not more than 10 years, or to both; or

• (b) an offence punishable on summary conviction and liable to a fine of not more than $10,000 or to imprisonment for a term of not more than two years less a day, or to both.

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