Guidance and resources for businesses (reporting entities)
From: Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Notices to reporting entities Most recent notice: October 23, 2023
The latest on obligations, reporting and examinations
New regulations coming into force in 2024
Overview of the new regulations coming into force in 2024
The Government of Canada published new regulations in the Canada Gazette, Part II (Volume 157, Number 21) that will further support Canada’s efforts to combat money laundering and terrorist activity financing, and strengthen FINTRAC’s ability to contribute to the protection of Canadians and Canada’s economy.
- Regulations Amending Certain Regulations Made Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act
- Regulations Amending the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations and the Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties Regulations
- Financial Transactions and Reports Analysis Centre of Canada Assessment of Expenses Regulations
More information and related web content will be created (or updated) before these new regulations come into force.
Further details:
Sector-specific guidance
Select your business sector to find the guidance that applies to you.
- Accountants
- Agents of the Crown
- Armoured cars (sub-sector of money services businesses) New as of July 1, 2024
- British Columbia notaries
- Casinos
- Dealers in precious metals and precious stones
- Financial entities
- Life insurance
- Money services businesses
- Mortgage New as of October 11, 2024
- Real estate
- Securities dealers
Resources
Modernization and upcoming changes impacting reporting entities Added on October 12, 2023
New initiatives that FINTRAC is implementing, which impact reporting entities (businesses and individuals).
All FINTRAC guidance
A comprehensive list of all the guidance on the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations developed by FINTRAC.
Policy interpretations database
FINTRAC issues policy interpretations to provide technical interpretations and positions regarding certain provisions contained in the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.
Methods to submit reports to FINTRAC
Submit reports to FINTRAC electronically through the FINTRAC Web Reporting System, FINTRAC API report submission, Batch, or Upload options; enroll; find technical specifications; and learn about agreements with service providers.
Schedule to implement changes to FINTRAC’s reporting forms Updated on September 27, 2023
Access the schedule and key milestones to implement changes to our reporting forms and learn how to stay in touch for all the latest updates.
Draft documents to help you prepare for changes to FINTRAC’s reporting forms Updated on September 27, 2023
Consult and download draft documents to help you prepare for the implementation of our new reporting forms.
Examinations
How FINTRAC conducts examinations to ensure compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations. This section includes the FINTRAC Assessment Manual and provides information on submitting a voluntary self-declaration of non-compliance.
Penalties
Non-compliance with Parts 1 and 1.1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act may result in criminal or administrative monetary penalties.
Reviews and appeals
Learn how you can request a review of your file by the Director and Chief Executive Officer of FINTRAC.
Charging reporting entities for FINTRAC's compliance program Added on October 12, 2023
Learn about the assessment of expenses funding model being implemented by FINTRAC on April 1, 2024 to charge reporting entities (businesses and individuals) for the annual cost of its compliance program.
Legislation and regulations Updated on October 12, 2023
Learn about the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.
Learning resources
Videos that explain your role in the fight against money laundering and terrorist financing and certain compliance obligations.
Introduction to FINTRAC
New to FINTRAC? Consult orientation documents for businesses new to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.
Guidance glossary
Definition of terms used throughout FINTRAC's compliance guidance.
- Date Modified: