Transaction reporting requirements

You are required to complete reports about certain transactions and property and submit them to FINTRAC.

Suspicious transactions

When there are reasonable grounds to suspect that a transaction or an attempted transaction is related to the commission or attempted commission of a money laundering or terrorist activity financing offence, you must submit a report.

Terrorist property reports

When you know that property in your possession or under your control is owned, controlled by or on behalf of a terrorist or a terrorist group, you must submit a report.

Large cash transactions

When you receive $10,000 CAD or more in cash, either in a single transaction or in multiple transactions, within a 24-hour period you must submit a report within 15 calendar days.

Alternative to large cash transactions

If you are a bank, credit union, caisses populaire, trust company, loan company or agent of the Crown that accepts deposit liabilities, you may choose the alternative to large cash transaction reporting for corporate clients that meet specific conditions.

Electronic funds transfers

When you send or receive instructions to transfer $10,000 CAD or more internationally, either in a single transaction or in multiple transactions, within a 24-hour period you must submit a report within 5 business days.

Casino disbursements

When you disburse $10,000 CAD or more, either in a single transaction or in multiple transactions, within a 24-hour period you must submit a report within 15 calendar days.


FINTRAC provides guidance to help individuals and entities understand their obligations under the PCMLTFA and its associated Regulations and how they may be assessed in an examination. However, this should not be considered to be legal advice. Please refer to the PCMLTFA and its associated Regulations for the full description of the obligations.

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