Unlike your other reports to FINTRAC, a terrorist property report does not have to be based on a transaction or attempted transaction.
#CURRENCY TRANSACTION REPORT SOCIAL SECURITY CODE#
Terrorist propertyĪ terrorist property report must be submitted to FINTRAC immediately once a reporting entity is required to make a disclosure under the Criminal Code or the Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism to the RCMP or CSIS. Casino disbursementsĪ casino disbursement report must be submitted to FINTRAC by a casino when it makes a disbursement of $10,000 or more in the course of a single transaction, or upon making two or more disbursements totalling $10,000 or more within 24 consecutive hours that are received by or on behalf of the same person or entity. Electronic funds transfersĪn electronic funds transfer report must be submitted to FINTRAC upon a transmission of instructions for the transfer of $10,000 or more out of, or into, Canada in a single transaction or in two or more transactions totalling $10,000 or more made within 24 consecutive hours by or on behalf of the same person or entity, through any electronic, magnetic or optical device, telephone instrument or computer. Large virtual currency transactionsĪ large virtual currency transaction report must be submitted to FINTRAC when a reporting entity receives virtual currency (VC) in an amount equivalent to $10,000 or more in the course of a single transaction, or when it receives two or more amounts of VC, that total the equivalent of $10,000 or more within a consecutive 24-hour window, by or on behalf of the same person or entity, or for the same beneficiary. Large cash transactionsĪ large cash transaction report must be submitted to FINTRAC when a reporting entity receives $10,000 or more in cash in the course of a single transaction, or when it receives two or more cash amounts totalling $10,000 or more made within 24 consecutive hours by or on behalf of the same person or entity. Unlike all other reporting obligations, there is no monetary threshold associated with the reporting of a suspicious transaction. Suspicious transactionsĪ suspicious transaction report must be submitted to FINTRAC in respect of a financial transaction that occurs or is attempted, and for which there are reasonable grounds to suspect that the transaction is related to the commission or attempted commission of a money laundering or terrorist activity financing offence. To see the information that is included in the reports, please consult Reporting forms. Financial transactions reported to FINTRACįINTRAC receives reports from certain businesses on the following financial transactions.
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