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Notification of change in information required to be registered
Money Laundering And Terrorism (Prevention) (Designated Non-Financial Businesses And Professions) Regulations, reg. 11 · Revised Edition 2020
(1) A registered DNFBP shall provide the supervisory authority with written notice of any change in the information required to be registered under regulation 4(2)(a), (b), (c) and
(d) and, in the case of a DNFBP that is licensed or regulated,
regulation 4(2)(e).
(2) A written notice under subregulation (1) shall–
(a) specify the date of the change;
(b) set out the details of the change;
(c) be provided to the supervisory authority within 14 days of the DNFBP first becoming aware of the change.
(3) A registered DNFBP that fails to provide written notice of a change in its registered information in accordance with this regulation commits an offence and is liable on summary conviction to a fine not exceeding $20,000.
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