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Modernization and upcoming changes impacting reporting entities

From: Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

New initiatives that FINTRAC is implementing, which impact reporting entities (businesses and individuals).

On this page

Implementing online systems

Description of initiative

As part of FINTRAC’s modernization efforts, API report submission and the FINTRAC Web Reporting System have been implemented and are available for reporting entities to submit Suspicious Transaction Reports, Electronic Funds Transfer Reports, Large Cash Transaction Reports, Casino Disbursement Reports and Large Virtual Currency Transaction Reports.

Initiative status

Completed

Key steps or milestones

The status of each initiative is updated as it becomes available.

  • FINTRAC Web Reporting System:
    • In progress: Actively processing new enrollment requests
    • Completed: Provide access to enrolled users
    • Completed: Integration of Suspicious Transaction Report, Electronic Funds Transfer Report, Large Cash Transaction Report, Casino Disbursement Report and Large Virtual Currency Transaction Report forms
    • Completed: Implementation of organization management functionality for reporting locations and user roles (verification and submission officer and data entry officer)
    • Ongoing: System improvements
  • Money services business registration:
    • Completed: Web form for money services businesses to initiate renewals, information changes and cessations for existing registrations
    • Completed: Online money services businesses registry for updated information on the most recent registration status of money services businesses
    • Completed: Web form to initiate pre-registration of money services businesses

FINTRAC is actively processing new money services business registration requests and responding to requests received in a phased approach.

Web content

Additional links to new or updated FINTRAC web content related to this initiative are posted as they become available.

Related links

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