10 years
Indictable offence with a 10-year maximum. Serious criminality under IRPA s.36(1). Money laundering also triggers inadmissibility under IRPA s.37 (organized criminality). Severe immigration consequences with potential for inadmissibility on multiple grounds.
Every one commits an offence who uses, transfers the possession of, sends or delivers to any person or place, transports, transmits, alters, disposes of or otherwise deals with, in any manner and by any means, any property or any proceeds of any property with intent to conceal or convert that property or those proceeds, knowing or believing that, or being reckless as to whether, all or a part of that property or of those proceeds was obtained or derived directly or indirectly as a result of (a) the commission in Canada of a designated offence; or (b) an act or omission anywhere that, if it had occurred in Canada, would have constituted a designated offence.