Draft Guidance: Reporting electronic funds transfers to FINTRAC

New – Added on December 29, 2023

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

This guidance comes into effect on June **, 2024.

This guidance explains the requirement to report electronic funds transfers to FINTRAC.

Please note this is a draft document and, as such, may be subject to change. Once in effect, this guidance will replace the following guidance which will be archived online:

Guideline 8A: Submitting Non-SWIFT Electronic Funds Transfer Reports to FINTRAC Electronically
Guideline 8B: Submitting SWIFT Electronic Funds Transfer Reports to FINTRAC
Guideline 8C: Submitting Non-SWIFT Electronic Funds Transfer Reports to FINTRAC by Paper

Refer to the existing guidance above if you need to report an electronic funds transfer that occurs prior to June **, 2024.

Note:

Throughout this guidance, references to dollar amounts (such as $10,000) are in Canadian dollars unless otherwise specified.
The examples and scenarios are meant to help explain reporting requirements.
The details used in these examples and scenarios such as names of persons, names of entities, addresses, phone numbers and email addresses are fictitious.

In this guidance

1. Who must comply
2. Key terms and concepts
3. Reporting requirements for casinos and financial entities
4. Reporting requirements for a money services business and a foreign money services business
5. Important considerations when reporting electronic funds transfers
6. How to submit a report to FINTRAC
7. The form for reporting electronic funds transfers
8. Other requirements associated with electronic funds transfers
9. Exceptions to reporting electronic funds transfers
Annex A: Field instructions to complete an Electronic Funds Transfer Report
Annex B: Initiation scenarios
Annex C: Final receipt scenarios
Details and history
For assistance

1. Who must comply

The following reporting entity sectors must comply with the electronic funds transfer reporting requirements:

financial entities
money services businesses and foreign money services businesses
casinos

If you are a person who is a reporting entity, and you are also an employee of a reporting entity, your employer is responsible for meeting the electronic funds transfer reporting requirements associated with your activities as an employee.

Similarly, if you are a reporting entity that is an agent of or authorized to act on behalf of another reporting entity, it is the responsibility of the reporting entity for which you are an agent or acting on behalf to meet the reporting requirements associated with the activities you conduct on its behalf. This does not apply if you are a life insurance broker or agent (unless you are an employee as explained above).

A service provider can submit and correct an Electronic Funds Transfer Report on your behalf. However, as the reporting entity, you are ultimately responsible for meeting the requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) and associated Regulations, even if a service provider is reporting on your behalf. This legal responsibility cannot be delegated.

For more information, please refer to:

Service provide arrangements

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- section 133(1)
- section 133(2)

2. Key terms and concepts

This section contains key terms and concepts for the electronic funds transfer report.

Electronic funds transfers

An electronic funds transfer is the transmission—by any electronic, magnetic or optical means—of instructions for the transfer of funds, including a transmission of instructions that is initiated and finally received by the same person or entity. In the case of SWIFT messages, only SWIFT MT-103 messages and their equivalent are included. An electronic funds transfer does not include a transmission of instructions for the transfer of funds:

that involves the beneficiary withdrawing cash from their account
that is carried out by means of a direct deposit or pre-authorized debit
that is carried out by cheque imaging and presentment
that is both initiated and finally received by persons or entities that are acting to clear or settle payment obligations between themselves, or
that is initiated or finally received by a person or entity referred to in paragraphs 5(a) to (h.1) of the Proceeds of Crime (Money Laundering) Terrorist Financing Act (the Act) for the purpose of internal treasury management, including the management of their financial assets and liabilities, if one of the parties to the transaction is a subsidiary of the other or if they are subsidiaries of the same corporation

An international electronic funds transfer means an electronic funds transfer other than for the transfer of funds within Canada.

Initiation

Initiation is the first transmission of instructions for the transfer of funds. This occurs when you (the reporting entity) are the first reporting entity that initiates the sending of an electronic funds transfer at the request of a person or entity. For more information on when you must report the initiation of an international electronic funds transfer, refer to:

3. Reporting requirements for casinos and financial entities or
4. Reporting requirements for money services business and foreign money services business

Final receipt

Final receipt is the receipt of instructions by the person or entity that is to make the remittance to a beneficiary. This occurs when you (the reporting entity) are the last reporting entity to receive an electronic funds transfer for remittance to a beneficiary. For more information on when you must report the final receipt of an international electronic funds transfer, refer to:

3. Reporting requirements for casinos and financial entities or
4. Reporting requirements for money services business and foreign money services business

Senders and Intermediaries

If you act as an intermediary in the sending of an international electronic funds transfer (incoming or outgoing), you will not have to report this transfer to FINTRAC because you do not initiate or finally receive the transfer. However, you will be required to keep records of these transfers, and include requester and beneficiary information with the transmission of instructions as per the travel rule.

For more information, refer to

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Act, S.C. 2000, c 17
- section 9.5

Other parties involved in an electronic funds transfer

The following table is a description of other parties that may be involved in an electronic funds transfer.

Other parties involved in an electronic funds transfer
Party	Description
Requester	A requester is a person or entity that requests the initiation of an electronic funds transfer.
Beneficiary	A beneficiary is a person or entity that will benefit from a transaction or to which the final remittance is made.
Third party	A third party is a person or entity that instructs another person or entity to act on their behalf for a financial activity or transaction. The third party may or may not be funding the transaction. For electronic funds transfers, a third party can be someone who instructs the requester or beneficiary.
Account holder if different from the requester	This occurs when the funds used to initiate a transfer are not withdrawn from the requester's account, but someone else's account. This only applies to financial entities and casino. (Money services businesses and foreign money services businesses are not recognized to have accounts for the purpose of the Act or Regulations.)

Note:

When a business (entity) needs to send an international electronic funds transfer, the information that you provide in an Electronic Funds Transfer Report will depend on the circumstances:

If the person requesting the electronic funds transfer is an employee of the business, the employee is the requester. In the Electronic Funds Transfer Report, provide the requester's information:
- name
- date of birth
- employee's identification information
- business address
- business telephone number
Because the employee is requesting the transfer on behalf of the business, the business is the third party. Further, if the funds are withdrawn from the business' account, then the business is the account holder if different from the requester.
If the person requesting the electronic funds transfer is the owner of a business, or holds an equivalent position within the business (for example, President, Chief Executive Officer), the business is the requester.
If the person requesting the electronic funds transfer is someone other than an employee or owner (or equivalent), such as the business' accountant, the accountant is the requester. Because the accountant is requesting the transfer on behalf of the business, the business is the third party.

3. Reporting requirements for casinos and financial entities

Initiation

If you are a casino or financial entity, you must submit an Electronic Funds Transfer Report to FINTRAC when you initiate an international electronic funds transfer of $10,000 or more in in a single transaction at the request of a person or entity.

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- subsections 7(1)(b) and 70(1)(b)

Final receipt

If you are a casino or financial entity, you must submit an Electronic Funds Transfer Report to FINTRAC when you finally receive an international electronic funds transfer of $10,000 or more in a single transaction.

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- subsections 7(1)(c) and 70(1)(c)
- subsection for time

4. Reporting requirements for a money services business and a foreign money services business

Residential status

If you are a money services business or foreign money services business, you need to determine a requester's and/or beneficiary's residential status for certain transactions.

The residential status should reflect whether they are in Canada or outside Canada.

A residential status of in Canada means the client has a connection or residential tie to Canada. For example, a client has a residential status of in Canada when at least one of the following are met:

the client's address is in Canada
the document or information used to verify the client's identity is issued by a Canadian province or territory, or by the federal government, or
the client's banking, credit card or other payment service is based in Canada

If the client does not have a connection or residential tie to Canada, then you must determine the client's residential status as outside Canada.

Having a residential status of in Canada does not mean the client is always physically in Canada. The following are examples of clients with in Canada residential status and the client is not physically in Canada:

the client has an Ontario driver's licence and is working or living temporarily outside Canada
the client's home address is in Canada and is attending school outside Canada
the client's home address is in Canada and is regularly commuting from Canada to a place of work outside Canada
the client has a Canadian passport and is vacationing outside Canada

You can determine your client's residential status based on your knowledge of the client when verifying their identity and during the course of your business relationship with the client. Changes to the client's residential status should be considered and recorded as you perform ongoing monitoring of the business relationship with the client.

Note:

If a client's residential status has been determined to be outside Canada based on the criteria above—but the client is physically present at a Canadian location of a money services business, then the physical presence of the client at the Canadian location supersedes their residential status. Specifically, when a client is physically present at a Canadian location of a money services business, the client is considered to be in Canada.

Why and when you need to determine residential status

You need to determine residential status to help you confirm if certain electronic funds transfers are international and therefore, reportable to FINTRAC.

As a money services business you will need to determine residential status (in Canada or outside Canada) when you are the initiator and final receiver of the same electronic funds transfer.

As a foreign money services business, you will need to determine residential status when you initiate and/or finally receive an electronic funds transfer to determine if it is reportable to FINTRAC.

Note for money services businesses:

For electronic funds transfers transmitted from or to Canada that you initiate or finally receive (but not both), you do not need to determine the requester or beneficiary's residential status. You must report this type of international electronic funds transfers to FINTRAC if it is a transfer of $10,000 or more in in a single transaction and it was:

initiated by you at the request of a person or entity or
finally received by you for remittance to a beneficiary

Refer to the Money services business and Foreign money services business sections for more information on your electronic funds transfer reporting requirements to FINTRAC.

Money services business

Initiation

If you are money services business, you must submit an Electronic Funds Transfer Report to FINTRAC when you initiate an international electronic funds transfer of $10,000 or more in in a single transaction at the request of a person or entity.

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- subsections 30(1)(b)

Final receipt

If you are a money services business, you must submit an Electronic Funds Transfer Report to FINTRAC when you finally receive an international electronic funds transfer of $10,000 or more in a single transaction.

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- subsections 30(1)(c)

Initiation and final receipt

If you are a money services business, you must report:

the initiation of an international electronic funds transfer of $10,000 or more in a single transaction, that is requested by a person or entity, if you also finally receive or will finally receive the same electronic funds transfer for a beneficiary
the final receipt of an international electronic funds transfer of $10,000 or more in a single transaction, if you also initiate the same electronic funds transfer at the request of a person or entity.

This reporting requirement is meant to capture international electronic funds transfers that occur between clients who use the same money services business and when the transmission of instructions may not physically cross an international border.

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- subsections 30(1)(d) and (e)

Summary of reporting requirements for money services business

When you are the initiator or final receiver of an electronic funds transfer, you do not need to determine the client's residential status. Refer to Table 1 for a summary of your reporting requirements when you are either the initiator or final receiver.

Table 1 - Money services business – Summary of reporting requirements when you are the initiator or final receiver of an electronic funds transfer
Money services business is the	Money services business's client	Reporting requirement for the money services business
Initiator	Requester	Report the initiation of an international electronic funds transfer of $10,000 or more in a single transaction if the final receiver is located outside Canada
Final receiver	Beneficiary	Report the final receipt of an international electronic funds transfer of $10,000 or more in a single transaction if the initiator is located outside Canada

When you are the initiator and final receiver of an electronic funds transfer, you will need to determine the residential status of the requester and beneficiary to determine if the electronic funds transfer is international and therefore, reportable. Refer to Table 2 for a summary of your reporting requirements when you are both the initiator and final receiver of an electronic funds transfer.

Table 2 - Money services business – Summary of reporting requirements when you are both the initiator and final receiver of an electronic funds transfer
Residential status of the client is determined to be		Reporting requirement for the foreign money services business
In Canada	Outside Canada
Requester	Beneficiary	Report the initiation of an international electronic funds transfer of $10,000 or more in a single transaction
Beneficiary	Requester	Report the final receipt of an international electronic funds transfer of $10,000 or more in a single transaction
(this cell is blank)	Requester and beneficiary	Report both: the initiation of an international electronic funds transfer of $10,000 or more in a single transaction and final receipt of an international electronic funds transfer of $10,000 or more in a single transaction
Requester and beneficiary	(this cell is blank)	No reporting obligation

Foreign money services business

Initiation

If you are a foreign money services business, you must submit an Electronic Funds Transfer Report to FINTRAC when you initiate an electronic funds transfer of $10,000 or more in a single transaction at the request of a person or entity in Canada, and the electronic funds transfer is sent or is to be sent from one country to another. It should be noted that:

in Canada means the requesting person or entity has a residential status of in Canada as explained in the Residential status section
when a foreign money services business initiates an electronic funds transfer for a requester who has a residential status of in Canada, the foreign money services business is considered to be operating in Canada. If this transfer is sent to a receiving entity (final receiver) outside of Canada, then this transfer is sent from one country to another
is to be sent means via an intermediary or if there is a delay

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- subsections 33(1)(b)

Final receipt

If you are a foreign money services business, you must submit an Electronic Funds Transfer Report to FINTRAC when you finally receive an electronic funds transfer of $10,000 or more in a single transaction for a beneficiary in Canada, and the transfer is sent or is to be sent from one country to another. It should be noted that:

in Canada means the person or entity that is the beneficiary has a residential status of in Canada as explained in the Residential status section
when a foreign money services business finally receives an electronic funds transfer for a beneficiary who has a residential status in Canada, the foreign money services business is considered to be operating in Canada. If the sending entity (initiator) is outside of Canada, then this transfer is sent from one country to another
is to be sent means via an intermediary or if there is a delay

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- subsections and 33(1)(c)

Initiation and final receipt

If you are a foreign money services business, you must report:

the initiation of an international electronic funds transfer of $10,000 or more in a single transaction, that is requested by a person or entity in Canada, if you also finally receive or will finally receive the same electronic funds transfer for a beneficiary not in Canada
the final receipt of an international electronic funds transfer of $10,000 or more in a single transaction, if you also initiate the same electronic funds transfer and the beneficiary is in Canada.

In Canada means the person or entity has a residential status in Canada as explained in residential status section.

This reporting requirement is meant to capture electronic funds transfers that occur between clients who use the same foreign money services business and therefore, the transmission of instructions may not physically cross an international border.

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- subsections 33(1)(d) and (e)

Summary of reporting requirements for foreign money services business

If you are the initiator or final receiver of an electronic funds transfer, you will need to determine if the electronic funds transfer is reportable to FINTRAC by confirming

the residential status of your client
whether or not the transfer is sent from one country to another

Refer to Table 3 for a summary of your reporting requirements when your client is either the requester or the beneficiary.

Table 3 - Foreign money services business – Summary of reporting requirements when you are the initiator or final receiver of an electronic funds transfer
Foreign money services business is the	Client of the foreign money services business is the	Residential status of the client is determined to be	Sent from one country to another	Reporting requirement for the foreign money services business
Initiator	Requester	In Canada	Yes, when country location of the initiator (in Canada) is different from the final receiver (outside Canada)	Report the initiation of an electronic funds transfer of $10,000 or more in a single transaction
Initiator	Requester	In Canada	No, when country location of the initiator is the same as the final receiver (Canada for both)	No reporting obligation
Final Receiver	Beneficiary	In Canada	Yes, when country location of the initiator (outside Canada) is different from the final receiver (in Canada)	Report the final receipt of an electronic funds transfer of $10,000 or more in a single transaction
Final Receiver	Beneficiary	In Canada	No, when country location of the initiator is the same as the final receiver (Canada for both)	No reporting obligation

If you are the initiator and final receiver of an electronic funds transfer, you will need to determine if the electronic funds transfer is reportable to FINTRAC by confirming

the residential status of both your clients

Refer to Table 4 for a summary of your reporting requirements when you are both the initiator and final receiver of an electronic funds transfer.

Table 4 - Foreign money services business – Summary of reporting requirements when you are both the initiator and final receiver of an electronic funds transfer"
Client's residential status determined to be		Reporting requirement for the money services business
In Canada	Outside Canada	Reporting requirement for the money services business
Requester	Beneficiary	Report the initiation of an international electronic funds transfer of $10,000 or more in a single transaction
Beneficiary	Requester	Report the final receipt of an international electronic funds transfer of $10,000 or more in a single transaction
(this cell is blank)	Requester and beneficiary	No reporting obligation
Requester and beneficiary	(this cell is blank)	No reporting obligation

Note:

For electronic funds transfer reporting obligations, a foreign money services business is considered to be

operating in Canada when it initiates or finally receives an electronic funds transfer for a client who has a residential status of in Canada at the time of the transaction
not operating in Canada when it performs services, including electronic funds transfer services, for clients who are not in Canada.

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Act, S.C. 2000, c 17
- Section 5.1

5. Important considerations when reporting electronic funds transfers

When to submit an Electronic Funds Transfer Report

You must submit an Electronic Funds Transfer Report to FINTRAC within 5 business days after the day on which you initiate the transfer.

You must submit an Electronic Funds Transfer Report to FINTRAC within 5 business days after the day on which you finally receive the transfer.

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- Subsection 132(1)

24-hour rule

You must also submit an Electronic Funds Transfer Report to FINTRAC in accordance with the 24-hour rule. That is, you must submit a report when you:

initiate 2 or more international electronic funds transfers that total $10,000 or more within a static 24-hour window, and you know that the transactions:
- were requested by the same person or entity
- were requested on behalf of the same person or entity (third party), or
- are for the same beneficiary (person or entity)
finally receive 2 or more international electronic funds transfers that total $10,000 or more within a static 24-hour window, and you know that the transactions:
- were requested by the same person or entity, or
- are for the same beneficiary (person or entity)

SWIFT and non-SWIFT transfers

SWIFT (Society for Worldwide Interbank Financial Telecommunication) and non-SWIFT electronic funds transfers must be aggregated together in accordance with the 24-hour rule.

Example:

Chantal requests an international transfer of $12,000 be sent to Marie in Portugal. The bank initiates this transfer using the SWIFT network.
Chantal requests another international transfer of $7,000 be sent to Robert in the United States. The same bank initiates this transfer using a non-SWIFT network.

If these 2 transactions fall within the bank's 24-hour window for aggregation, then these 2 transactions must be aggregated and reported to FINTRAC under the 24-hour rule because:

these transactions were requested by the same person and total more than $10,000.
SWIFT and non-SWIFT transfers need to be aggregated and submitted in the same Electronic Funds Transfer Report

For more information, please refer to:

Reporting transactions to FINTRAC: The 24-hour rule

Legal reference

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- subsections 127(1)(a) to (c)
- subsections 128(1)(a) to (b)

Foreign currency

If you initiate or finally receive an electronic funds transfer in a foreign currency, convert the amount into Canadian dollars using the exchange rate published by the Bank of Canada in effect at the time of the transaction to determine whether you have reached the reporting threshold amount of $10,000 CAD.

If an exchange rate is not published by the Bank of Canada, then you must use the rate you establish in the normal course of your business at the time of the transaction.

Your process for establishing an exchange rate to determine if you have reached the reporting threshold amount should be outlined in your compliance policies and procedures.

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- section 125(a)
- section 125(b)

6. How to submit a report to FINTRAC

You must submit an Electronic Funds Transfer Report to FINTRAC electronically using the following options:

FINTRAC Web Reporting System (FWR) (geared towards reporting entities with lower reporting volumes)
FINTRAC API Portal (secure system-to-system transfer of report information)

Note about paper form:

If you do not have the technical capability to submit reports electronically to FINTRAC, you must submit reports in paper form.

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- section 131(1)
- section 131(2)

7. The form for reporting electronic funds transfers

Note

For details about submission limits (for reports submitted electronically), refer to:
- Transaction submission limit (FINTRAC Web Reporting System)
- Transaction submission limits (FINTRAC API report submission)
To find out how to create subject profiles (for reports submitted through FINTRAC Web Reporting System), refer to:
- Creating subject profiles

Form structure

The Electronic Funds Transfer Report form has 2 main sections: General information and Transaction information

Structure of the Electronic Funds Transfer Report form: Main sections and types of information for each section
Main sections of the form	Type of information for each section
General information	Information about your business including contact details Electronic funds transfer direction (initiation or final receipt) Aggregation type and 24-hour window for aggregation
Transaction information	Information about the electronic funds transfer, including transfer type—SWIFT (Society for Worldwide Interbank Financial Telecommunication) or non-SWIFT, date and time of the transfer, amount and currency, exchange rate and whether the transaction is below or above $10,000 CAD Information about the client's residential status (for money services business and foreign money services business only) Source of funds information Requester (the person or entity that requests the initiation of the electronic funds transfer) Account holder if different from the requester Third party to the requester (person or entity on whose behalf the initiation of the electronic funds transfer is requested) Initiator (person or entity that initiates the electronic funds transfer— this is the reporting entity when the electronic funds transfer direction is outgoing) Sender of electronic funds transfer (person or entity that sends or is to send an electronic funds transfer initiated by another person or entity) Person or entity involved in effecting electronic funds transfer that is a SWIFT message (and additional payment information for SWIFT messages) Receiver (person or entity that finally receives or is to finally receive the electronic funds transfer— this is the reporting entity when the electronic funds transfer direction is incoming) Disposition information Beneficiary (person or entity to which remittance is made, that is, the person or entity that benefits from the electronic funds transfer) Third party to the beneficiary (person or entity on whose behalf the remittance of the electronic funds transfer is made)
Note This table shows the type of information for each section but does not list every field on the form. To access most fields and their category (mandatory, mandatory for processing or reasonable efforts), refer to: Annex A: Field instructions to complete an Electronic Funds Transfer Report (which provides instructions on completing the form)

Form highlights

The Electronic Funds Transfer Report form can be used to report the

initiation of an international electronic funds transfer or
final receipt of an international electronic funds transfer

When completing the form, you must select the direction (initiation or final receipt) and provide information about the transfer. The direction you select may have an impact on:

the level of effort (for example, mandatory or reasonable measures) for a field. Specifically, the level of effort for a field in an initiation report may be the same or different for the identical field in a final receipt report.

Example

When you initiate an electronic funds transfer and the requester is a person, the requester's date of birth field is mandatory.

When you finally receive an electronic funds transfer, the requester's date of birth field is reasonable measures.
the information you provide for a field in an initiation report and the identical field in a final receipt report.

Example

If you are initiating an electronic funds transfer, you must provide your information in the initiator fields as you are the initiator.

If you finally receive an electronic funds transfer, you must provide the initiator's information in the initiator fields (and not your information as you are the final receiver).

The form also contains fields where you can provide information on all parties involved in the transfer of funds (for example, multiple requesters, sources of funds, account holders, third parties and beneficiaries).

8. Other requirements associated with electronic funds transfers

In this section

Compliance program
Suspicious transactions
Large cash transactions
Travel rule
Record keeping
Verifying the identity of persons or entities
Third party determination
Ministerial directives
Voluntary self-declaration of non-compliance

Compliance program

Your compliance program's policies and procedures must outline your process and criteria on:

selecting exchange rates and their source
aggregating transactions
determining if you are dealing with a person or entity
submitting reports to FINTRAC

If you have an automated or triggering system in place to detect when the threshold amount is reached for reporting, a person may still assess the transaction(s), as a best practice, to ensure the submission of an Electronic Funds Transfer Report.

Your compliance program must also include training on suspected money laundering and terrorist financing activities in relation to your business.

For more information:

Compliance program requirements

Suspicious transactions

In addition to reporting electronic funds transfers, you may also be required to submit Suspicious Transaction Reports to FINTRAC when you have reasonable grounds to suspect that a transaction is related to the commission, or the attempted commission, of a money laundering or terrorist activity financing offence. Therefore, you may be required to submit an Electronic Funds Transfer Report and a Suspicious Transaction Report for the same transaction.

For more information:

What is a Suspicious Transaction Report
Reporting suspicious transactions to FINTRAC
Money laundering and terrorist financing indicators under All FINTRAC guidance – Transaction reporting requirements

Large cash transactions

There may be instances where you may be required to submit a Large Cash Transaction Report in addition to an Electronic Funds Transfer Report. For example, if a person or entity provides $10,000 cash and requests that you initiate an international electronic funds transfer, you must submit a Large Cash Transaction Report in addition to an Electronic Funds Transfer Report.

For more information:

Reporting large cash transactions to FINTRAC

Travel rule

You must ensure that specific information is included with an electronic funds transfer that you initiate, send or receive.

For more information:

Travel rule for electronic funds and virtual currency transfers

Record keeping

When you submit an Electronic Funds Transfer Report to FINTRAC, you must keep a copy of it for at least 5 years from the date the report was created.

For more information, consult:

your sector-specific guidance under All FINTRAC guidance – Record keeping requirements

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- section 144
- subsection 148(1)(c)

Verifying the identity of persons and entities

There are requirements on when and how to verify the identity of persons and entities for electronic funds transfers.

For specific information, consult:

Methods to verify the identity of persons and entities
your sector-specific guidance on when to verify the identity of persons and entities under All FINTRAC guidance – Know your client requirements

Third party determination

For the purposes of reporting an electronic funds transfer, there are requirements to determine whether:

the requester of an electronic funds transfer is acting on behalf of another person or entity
the beneficiary of an electronic funds transfer is acting on behalf of another person or entity

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- Schedule 2
- Schedule 3

Ministerial directives

You must consider all requirements issued under a ministerial directive along with your electronic funds transfer reporting requirements.

For more information:

Ministerial directives and transaction restrictions

Voluntary self-declaration of non-compliance

If you discover instances of non-compliance related to your electronic funds transfer reporting requirements, FINTRAC strongly encourages you to report a voluntary self-declaration of non-compliance.

For more information:

Voluntary self-declaration of non-compliance

9. Exceptions for electronic funds transfers

There are exceptions to reporting electronic funds transfer under the 24-hour rule.

For more information on these exceptions, consult:

Reporting transactions to FINTRAC: The 24-hour rule (section 5. Exceptions to the 24-hour rule)

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- subsections 127(2)(a) to (c)
- subsections 128(2)(a) to (c)

Annex A: Field instructions to complete an Electronic Funds Transfer Report

This annex contains instructions on how to complete the fields in an Electronic Funds Transfer Report.

The Electronic Funds Transfer Report form can be used to report the

initiation of an international electronic funds transfer or
final receipt of an international electronic funds transfer

When completing the form, you must select the direction (initiation or final receipt) and provide information about the transfer. The direction you select may have an impact on:

the level of effort (for example, mandatory or reasonable measures) for a field. Specifically, the level of effort for a field in an initiation report may be the same or different for the identical field in a final receipt report.

Example

When you initiate an electronic funds transfer and the requester is a person, the requester's date of birth field is mandatory.

When you finally receive an electronic funds transfer, the requester's date of birth field is reasonable measures.

the information you provide for a field in an initiation report and the identical field in a final receipt report.

Example

If you are initiating an electronic funds transfer, you must provide your information in the initiator fields as you are the initiator.

If you finally receive an electronic funds transfer, you must provide the initiator's information in the initiator fields (and not your information as you are the final receiver).

Note:

In this Annex, the field instructions apply to both the initiation and final receipt of an international electronic funds transfer except when indicated otherwise. In addition:

If the field name is listed once, this means the level of effort for this field (for example, mandatory or reasonable measures) is the same for both an initiation and a final receipt report.
If the field name is listed twice with different symbols, this means the level of effort for this field (for example, mandatory or reasonable measures) is different for an initiation and final receipt report.
If the field name is listed once with "Initiation only", this means the field only appears on an initiation report.
If the field name is listed once with "Final receipt only", this means the field only appears on a final receipt report.

In addition:

Some fields only become applicable on the completion of other fields.
Some field instructions may only apply to the electronic report submissions and not paper submissions.
Fields that are not applicable are to be left blank. When a field is not applicable:
- do not enter "Not applicable", "N/A" or "n/a", or
- do not substitute any other abbreviations, special characters ("x", "-" or "*") or words ("unknown") in the field
Failure to provide applicable reporting information will result in non-compliance and may lead to criminal or administrative penalties. To learn more about potential enforcement actions:
- Penalties for non-compliance

In this annex

Standardized field instructions
Specific field instructions

Standardized field instructions

This section contains instructions for completing some fields that appear in multiple sections of the form.

In this section

Name fields
Address fields
Occupation/business fields
Identification fields
Telephone number fields

Name fields

Instructions for the name fields
Name fields	Instructions
Surname	Provide the last name of the person.
Given name	Provide the first name of the person. Note: If a person has only a single name, enter "XXX" in the "Given name" field and the person's single name in the "Surname" field.
Other/Initial	Provide the middle or other name(s) of the person, or their initial(s) if no other names apply.
Alias	Provide the name a person uses, or by which they are known, other than the name provided under surname, given name, or other/initial.
Name of entity	Provide the full name of the entity.

Address fields

Provide the address details in the structured or unstructured fields (as applicable) as explained below.

Structured address fields

Structured address fields include:

Apartment/Room/Suite/Unit number
House/Building number
Street address
City
District
Country
Province or state (code) – For provinces or states in Canada, the United States or Mexico, select from the list of options.
Province or state (name) – For provinces or states outside Canada, the United States or Mexico, provide the name of the province or state.
Sub-province and/or sub-locality
Postal or zip code

If you have the ability to separate the information

You must report it in the structured address fields.

For example, if a person lives at #10-123 Main Street, Richmond, British Columbia, Canada A1B 2C3, complete the address fields as follows:

Example illustrating how to provide information if you have the ability to separate address information
Structured address fields	Information provided
Apartment/Room/Suite/Unit number	10
House/Building number	123
Street address	Main Street
City	Richmond
Country	Canada
Postal code	A1B 2C3

If you are unable to separate the address information into the structured address fields

If, for example, your system groups the Apartment/Room/Suite/Unit number with the House/Building number and Street address, then provide:

all the address information in the street address field
the city, province, country and postal code in their respective fields

If there is no civic address

If a person or entity's address is in an area where there is no civic address, provide a description of the physical location.

For example, if a person lives in the third house to the right after the community center in Tinytown, Saskatchewan, Canada X1Y 2Z2, complete the address fields as follows:

Example illustrating how to provide information if there is no civic address
Structured address fields	Information provided
Street address	Third house to the right after the community center
City	Tinytown
Province	SK
Country	Canada
Postal code	X1Y 2Z2

Note: If you use the structured address fields, you cannot use the unstructured address fields to provide additional information.

Unstructured address field

You should only use the unstructured address field when it is not possible to separate the address information. This typically occurs when you are uploading a large volume of reports and the data originates from outside your organization. For example, when you are in final receipt of an electronic funds transfer and the foreign address of the person who requested the transfer information cannot be easily populated into the structured address fields.

If possible, enter information about the country in the Country field and provide the unstructured address information in the following format:

street address/city/province or state/postal code or zip code

Invalid addresses

The following are not valid addresses, and should not be provided in either the structured or unstructured address fields:

a post office box without a complete physical address (for example, PO Box 333)
general delivery address
only a suite number (for example, Suite 256) without additional address information

A legal land description can be acceptable as long as the land description is specific enough to pinpoint the physical location of the client's address. If the legal land description refers to an area or a parcel of land on which multiple properties are located, the legal land description would not be sufficient.

Persons who are transient or have no fixed address

For persons who are transient (for example, travelling in a recreational vehicle or temporarily working in a camp) and have no fixed address, you are required to provide the following information:

Address information to provide for persons who are transient or have no fixed address
Type of person	What to provide
Canadian residents	Their permanent Canadian address, even if that is not where they are currently residing
Foreign clients travelling in Canada for a short period of time	Their foreign residential address
Foreign clients living in Canada for a longer period of time (such as a student)	The person's temporary Canadian address

Occupation/business fields

Instructions for the occupation/business fields
Occupational/business fields	Instructions
Occupation	When entering occupation information, you should be as descriptive as possible. For example, if the person is: a manager, provide the area of management, such as “hotel reservations manager” or “retail clothing store manager” a consultant, provide the type of consulting, such as “IT consultant” or “forestry consultant” a professional, provide the type of profession, such as “petroleum engineer” or “family physician” a labourer, provide the type of labour performed, such as “road construction worker” or “landscape labourer” not working, you should still be as descriptive as possible, and indicate “student,” “unemployed,” “retired,” etc. You can enter a numeric classification code and the code title in this field (for example, NOC – National Occupational Classification). However, a numeric code on its own is not sufficient as you need a written description of the occupation as explained above. Note: If your client indicates that they are the manager of Blue Moon Auto Parts Ltd., you would enter “manager of auto parts company” in the occupation field and “Blue Moon Auto Parts Ltd.” in the name of employer field as explained below.
Name of employer	Enter the name of the person’s employer. Do not provide the name of a supervisor or manager. This field is meant to capture the name of the business that employs the person. If the person has multiple employers, you only need to provide one but it should be the person’s primary employer. Providing the name of employer can augment the description of a person’s occupation. For example, “retail clothing store manager for ABC high-end clothing store” and “retail clothing store manager for XYZ discount clothing store” are more descriptive than “retail clothing store manager” on its own.
Nature of entity’s principal business	You should be as descriptive as possible when entering the entity’s principal business. If the entity’s principal business is “sales,” provide the type of sales, such as “pharmaceutical sales” or “retail clothing sales.” You can enter a numeric classification code and the code title in this field (for example, NAICS – North American Industry Classification System). However, a numeric code on its own is not sufficient, as you need a written description of the nature of the entity’s principal business as explained above.

Identification fields

Instructions for the identification fields

Identification fields

Instructions

Identifier type

Select the identifier type for the person or entity as applicable.

If the identifier type is not listed, select “Other” and provide details.

If you use the dual process method to identify a person, you must provide details of both sources of information in the identifier type fields.

Note: Don’t report a Social Insurance Number (SIN) to FINTRAC. In addition, you cannot use documentation for identification purposes where it is prohibited by provincial legislation.

For more information on how to identify persons and entities, refer to:

FINTRAC's guidance on Methods to verify the identity of persons and entities

Number associated with identifier type

This is the number indicated on the identifier type that was used to verify the identity of the person or entity. For example, on a driver’s licence, the licence number is the identification number and on a Certificate of Incorporation, the incorporation number is the identification number.

Jurisdiction of issue (country, province or state)

Provide the country, province, or state that issued the documentation used to identify the person or entity.

How to provide the jurisdiction that issued the documentation used for identification
Type of jurisdiction	What and how to provide
A country	Enter that country as the jurisdiction of issue.
A province or state in Canada, the United States or Mexico	Select the province or state code from the list of options.
A province or state outside Canada, the United States or Mexico	Provide: that province or state name as the jurisdiction of issue, and the corresponding country information

Telephone number fields

Instructions for the telephone number fields
Location of telephone number	Instructions
Canada or the United States	Enter the area code and local number (for example, 999-999-9999).
Outside Canada or the United States	Enter the: country code city code, and local number using a dash (-) to separate each one For example, “99-999-9999-9999” would indicate: a 2-digit country code a 3-digit city code, and an 8-digit local number

Specific field instructions for the Electronic Funds Transfer Report

This section contains instructions for the report fields and are laid out in the same order as they appear on the Electronic Funds Transfer Report.

Note: For some fields, the instructions:

have not been provided and are indicated as "Instructions not specified"
can be found in the Standardized field instructions section

Field categories

Fields are categorized as either:

mandatory
mandatory for processing
mandatory if applicable, or
reasonable measures

Instructions for field categories
Field categories	Instructions
Mandatory	These fields are indicated with an asterisk symbol *() and must be completed. Because an Electronic Funds Transfer Report can include multiple transactions conducted within 24 consecutive hours that total $10,000 or more, the information for some mandatory fields may not have been obtained at the time of the transaction. In this case, the fields become "reasonable measures" fields, and the instructions for reasonable measures (below in this table) must be applied. Note:** If an Electronic Funds Transfer Report contains multiple transactions conducted within 24 consecutive hours and 1 of these transactions is $10,000 CAD or more, then the mandatory fields will apply. Legal references Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184, section 152(2)
Mandatory for processing	These fields are indicated with a double dagger symbol (‡) and must be completed.
Mandatory if applicable	These fields are indicated with a dagger symbol (†) and must be completed if they are applicable to you or the transaction being reported.
Reasonable measures	You must take reasonable measures to obtain the information for all non-mandatory fields in the report, if they are applicable. Reasonable measures are the steps that you must take, as outlined in your policies and procedures, to obtain the information that can include asking the person or entity involved in the transaction for the information. If you obtain the information, you must report it. You must also provide the information if it is contained within your systems or records. Legal references Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184, section 152(1)

In this section

General information
Transaction information

General information

Instructions for the fields under "General information"
Fields	Instructions
* Reporting entity number	You must enroll in FINTRAC Web Reporting System (FWR) to submit reports electronically. Provide the identifier number assigned to you by FINTRAC at enrolment.
‡ Reporting entity report reference number	A number assigned to each report by: you (the reporting entity), or the individual or organization submitting the report on your behalf This number must be unique to your business, meaning it can only be used once.

Which one of the following types of reporting entities best describes you?

Instructions for the question related to the type of reporting entities best describing you
Fields	Instructions
* Activity sector	Enter your business activity sector. If you are involved in more than 1 type of business activity, indicate the one applicable to the transaction being reported. If there is more than 1 business activity for 1 or more transactions on the report, select only 1 to indicate your principal type of business activity.

Whom can FINTRAC contact about this report?

Enter the contact information of the person you would like FINTRAC to liaise with in the event that a follow up is required.

You must ensure that all of your contacts' information is up to date in FINTRAC Web Reporting System (FWR) prior to submitting your report(s).

Report information

Instructions for the fields under "Report information"
Fields	Instructions
‡ Electronic funds transfer direction	Select: initiation if you initiate an electronic funds transfer at the request of a person or entity final receipt if you finally receive an electronic funds transfer and remit the funds to the beneficiary of the transfer When you select the electronic funds transfer direction (initiation or final receipt): the level of effort (for example, mandatory or reasonable measures) for a field in an initiation report may be different for the same field that is in a final receipt report and the information you provide for a field in an initiation report may be different for the same field that is in a final receipt report. For example, if you are initiating an electronic funds transfer, you must provide your information in the initiator fields as you are the initiator. If you finally receive an electronic funds transfer, you must provide the initiator's information in the initiator fields (and not your information as you are the final receiver).
‡ Aggregation type	Indicate the type of aggregation used when multiple transactions occur within a consecutive 24-hour period: requester on behalf of (third party) beneficiary If the report is for 1 transaction only, or for a ministerial directive, then aggregating transactions does not apply and you should select "Not applicable". Note: You must provide a start date/time and end date/time in the fields below, even if there is no aggregation and you select "not applicable" in the aggregation type field.
‡ 24-hour period start date and time	Provide the start date and time of the 24-hour period. You must include the time zone (that is, UTC offset) in the 24-hour period start time field. You must enter the start time in the following format: HH:MM:SS±ZZ:ZZ. For example, 1:25:06 pm in Ottawa, Ontario would be reported as 13:25:06-05:00.
‡ 24-hour period end date and time	Provide the end date and time of the 24-hour period. If your 24-hour period starts at 8:00 am, it would end at 7:59 am the following day. You must include the time zone (that is, UTC offset) in the 24-hour period end time field. The field above provides instructions for formatting. Note: The start date/time and end date/time that you provide will establish the 24-hour period in which you look for possible aggregate transactions, and report all applicable transactions within. Because you must aggregate on each party separately (requester, on behalf of [third party], or beneficiary), it is possible to have multiple 24-hour windows (for example, a 24-hour window for requesters that is different than your 24-hour window for beneficiaries).
Ministerial directive	If a transaction is being reported to FINTRAC under a ministerial directive, then indicate this by selecting the ministerial directive in the report. Leave this field blank if the transaction(s) are not part of a ministerial directive. Note: An Electronic Funds Transfer Report submitted under a ministerial directive can contain only 1 transaction and it must be below threshold. Therefore, if you indicate that the transaction is being submitted under a ministerial directive, you must also select "Not applicable" in the '24-hour aggregation type' field. Only 1 ministerial directive (IR2020) is available for an Electronic Funds Transfer Report.

Transaction information

Information about the transaction

Instructions for the fields under "Information about the transaction"

Fields

Instructions

*Electronic funds transfer type

Select:

SWIFT (Society for Worldwide Interbank Financial Telecommunications) if you know that the SWIFT network was used, in whole or in part, to send the funds at any time during the transfer process, and you have SWIFT information to provide such as BIC (bank identification code) or BEI (business entity identifier)
Non-SWIFT if the SWIFT network was not used at all during the transfer process or if you do not know if the SWIFT network was used.

* Date and time of transaction

Enter the date and time of the electronic funds transfer. It cannot be a future date.

Initiation:
Provide the date and time you initiate the electronic funds transfer. The date and time you initiate the transfer may:

be the same date and time the requester provides the instructions, or
occur after the date and time the requester provides the instructions if the requester provides post-dated or recurring instructions in advance

Final receipt:
Provide the date and time you receive the instructions for the transfer of funds to the beneficiary. This date and time may:

be the same time you remit the funds to the beneficiary (for example, you receive funds for the beneficiary and immediately deposit the funds into the beneficiary's account), or
occur before you remit the funds to the beneficiary (for example, you are a money services business and your business process requires the beneficiary to physically come to your store to pick up the funds after you receive the instructions for the transfer of funds)

A report can contain multiple transactions that took place in different time zones, but these transactions should all be within your 24-hour aggregation window that is indicated by the 24-hour period start date and time and the 24-hour period end date and time in the report.

Examples

If your report indicates that the 24-hour window is from 12:00 am to 11:59 pm Eastern Standard Time (EST) and you have transactions that occurred in both EST and Pacific Standard Time (PST) zones, you will need to do the following:

Instructions for transactions that took place in different time zones
Time zone where transactions have occurred	Instructions
Eastern Standard Time (EST) zone	Include the transactions in the report if they fall within your 24-hour window.
Pacific Standard Time (PST) zone	Convert the time of the transactions to EST to determine if they fall within your 24-hour window. If they fall within the 24-hour window after conversion, then include them in the report. You can include these transactions in PST or EST time as long as they are within your 24-hour window.

Your process to convert and report transactions that occur in different time zones should be documented in your policies and procedures to ensure your reporting is consistent.

For more information:

Reporting transactions to FINTRAC: The 24-hour rule

* Amount

Initiation:
This is the amount that the requester instructed to be transferred excluding any fees you may charge. If this amount was not in Canadian dollars, do not convert it to CAD but provide the currency type in the currency field.

Example
The requester instructs $11,000 be transferred to a friend in England. You charge a $50 service fee. If the requester:

provides an additional $50 to cover the service fee so that the total amount provided by the requester is $11,050, report $11,000 in the amount field
does not provide an additional $50 to cover the fee so that you deduct the fee from $11,000, report $10,950 in the amount field

Final receipt:
This is the amount that you received for the beneficiary and before any fees you charge to the beneficiary. If this amount was not in Canadian dollars, do not convert it to CAD but provide the currency type in the currency field.

Example

You finally receive $11,000 for the beneficiary. If you charge a service fee of $50 so that only $10,950 is remitted to the beneficiary, you would still report $11,000 in the amount field

* Currency type

Enter the currency of the funds being transferred, including if it was in Canadian dollars. If the currency type is not in the list provided, you must select "Other" and provide the full name of the currency.

Exchange rate

Provide the rate of exchange that you used for the transaction.

‡ Threshold indicator

Select:

"above threshold" if the amount of the transfer is equal to $10,000 or more
"below threshold" if it is under $10,000

‡ Reporting entity transaction reference number

This is a unique number assigned to each transaction by:

you (the reporting entity), or
the individual or organization submitting the report on your behalf

‡ Have you applied a regulatory exception to this transaction?

Select:

Yes, if you have applied a regulatory exception under Part 6 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations.
No, if you have not applied a regulatory exception under Part 6 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations.

Under Part 6 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, your requirement to keep records, verify identity and make a politically exposed persons and heads of international organization determination do not apply if your client is:

a public body
a very large corporation or trust that has minimum net assets of $75 million on its last audited balance sheet, whose shares or units are traded on a Canadian stock exchange or a stock exchange designated under subsection 262(1) of the Income Tax Act and that operates in a country that is a member of the Financial Action Task Force or
a subsidiary of a public body or a corporation or trust referred above, whose financial statements are consolidated with the financial statements of that public body, corporation or trust

Therefore, if your client is a public body, very large corporation or trust, or a subsidiary of a public body or very large corporation or trust (as described above), and the client is a requester or beneficiary of an electronic funds transfer, you may have limited information to provide on the client in the electronic transfer report. In this case, you should select Yes.

Legal references

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, SOR/2002-184
- subsections 154(2)(m), (n) and (o)

For money services businesses and foreign money services businesses only

Complete this section if you selected initiation as the direction of this report.

Fields	Instructions
Question 1 †As the initiator of this transaction, are you also the final receiver for this transaction?	Select: yes if the requester and beneficiary of the international electronic funds transfer are both your clients no if your client is only the requester or if your client is only the beneficiary of the international electronic funds transfer
Question 2 † (If yes to question 1) Are the funds finally received within your business?	Instructions not specified.
† (If yes to questions 1 and 2) What is the requester's residential status?	Select the appropriate status: In Canada or Outside Canada Refer to Residential status in section 4, Reporting requirements for money services business and foreign money services business for information on how to determine residential status.
† (If yes to questions 1 and 2) What is the beneficiary's residential status?	Same instructions as above.
Question 3 † Is the requester moving funds into or out of Canada?	Select one of the following options: Into Canada Out of Canada Both

For money services business and foreign money services business only

Complete this section if you selected final receipt as the direction of this report.

Fields	Instructions
Question 1 †As the final receiver of this transaction, are you also the initiator for this transaction?	Select: yes if the requester and beneficiary of the international electronic funds transfer are both your clients no if your client is only the requester or if your client is only the beneficiary of the international electronic funds transfer
Question 2 † (If yes to question 1) Is the transfer of funds initiated from your business?	Instructions not specified.
† (If yes to questions 1 and 2) What is the requester's residential status?	Select the appropriate status: In Canada or Outside Canada Refer to Residential status in section 4, Reporting requirements for money services business and foreign money services business for information on how to determine residential status.
† (If yes to questions 1 and 2) What is the beneficiary's residential status?	Same instructions as above.
Question 3 † Is the requester moving funds into or out of Canada?	Select one of the following options: Into Canada Out of Canada Both

Source of funds involved at initiation

If you have information on any source of funds involved in the transaction, you must report it.

If there are multiple sources, you must provide information for each source.

Fields	Instructions
‡ Was information about the source (person / entity) of funds obtained?	This field is a "Yes/No" question. Select "Yes" if you have: the name of any person or entity that is the source of the funds their account number or policy number, or an identifying number if there is no account number or policy number Otherwise, select "No" to indicate that you do not have the information.
How were the funds obtained?	This is how the requester initially acquired the funds used for the transaction, not where the funds may have been transferred from. For example, you can obtain funds from activities such as: employment sale of a large asset, and gifts This information must be reported if obtained.

Source of funds – person

Instructions for the fields under "Source of funds – person"
Fields	Instructions
Surname	Refer to Name fields under "Standardized field instructions".
Given name	Same instructions (Name fields)
Other/initial	Same instructions (Name fields)
Account number	Provide the account number for the source of funds. It is acceptable to include the financial institution number and branch number as part of an account number.
Policy number	Instructions not specified
Identifying number	If there is no account or policy number, provide an identifying number if available.

Source of funds – entity

Instructions for the fields under "Source of funds – entity"
Fields	Instructions
Name of entity	Refer to Name fields under "Standardized field instructions".
Account number	Provide the account number for the source of funds. It is acceptable to include the financial institution number and branch number as part of an account number.
Policy number	Instructions not specified
Identifying number	If there is no account or policy number, provide an identifying number if available.

Note about the source of funds fields

Although the following 3 fields are all about how the requester obtained the funds and the source of funds, they are different:

How were the funds obtained?
Was information about the source (person / entity) of funds obtained?
Source of funds – person or entity

The following example demonstrates their differences.

Example:

Vicky Violet brings in $12,000 cash for deposit into her bank account and tells the bank that she obtained this cash when she sold her car to Griffin Grey.

She was only able to provide Griffin Grey's name to the bank because she did not have information on his account number, policy number or identifying number.

As such, the source of funds fields would be completed as follows:

How the source of funds fields would be completed for this example
Source of funds fields	Information provided in the field
How were the funds obtained?	Sale of car
Was information about the source (person / entity) of funds obtained?	Yes
Source of funds	Griffin Grey

For more information on completing these fields, please refer to field descriptions.

Requester

Fields	Instructions
‡ Requester type	Select: Person if the requester is a person Entity if the requestor is an entity

Requester – person

Provide all the information you have on 1, or multiple persons who requested the initiation of the transfer.

Instructions for the fields under "Requester – person"
Fields	Instructions
† Surname	Refer to Name fields under "Standardized field instructions".
† Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)
Alias	Same instructions (Name fields)
Client number	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
† Street address	Same instructions (Address fields)
† City	Same instructions (Address fields)
District	Same instructions (Address fields)
† Country	Same instructions (Address fields)
† Province or state (code)	Same instructions (Address fields)
† Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".
Telephone number	Refer to Telephone number fields under "Standardized field instructions".
Extension	Same instructions (Telephone number fields)
Email address	Instructions not specified
Initiation: † Date of birth Final receipt: Date of birth	Instructions not specified
Country of residence	Enter the primary country of residence for the person. It can be the same or different from the country entered in the address section.
Initiation: † Occupation Final receipt: Occupation	Refer to Occupation/business fields under "Standardized field instructions".
Name of employer	Same instructions (Occupation/business fields)

Identification of the requester – person

Instructions for the fields under "Identification of the requester – person"
Fields	Instructions
Initiation: † Identifier type Final receipt: Identifier type	Refer to Identification fields under "Standardized field instructions".
† If "Other", please specify	Same instructions (Identification fields)
Initiation: † Number associated with identifier type Final receipt: Number associated with identifier type	Same instructions (Identification fields)
Initiation: † Jurisdiction of issue (country) Final receipt: Jurisdiction of issue (country)	Same instructions (Identification fields)
Initiation: † Jurisdiction of issue (province or state) (code) Final receipt: Jurisdiction of issue (province or state) (code)	Same instructions (Identification fields)
Initiation: † Jurisdiction of issue (province or state) (name) Final receipt: Jurisdiction of issue (province or state) (name)	Same instructions (Identification fields)

Account or reference information related to the electronic funds transfer

Provide the account or reference information as it relates to the electronic funds transfer.

Instructions for the fields under "Account or reference information related to the electronic funds transfer"
Fields	Instructions
† Reference number	If the transaction involved a reference number, provide it in this field. If the transaction involves an account at a financial entity, securities dealer or casino (account-based reporting entity), do not provide the account number information in this field—instead, provide that information in the account number field. For all other reporting entities, if you have an internal account number that is used as a reference number, then provide the internal account number in this field.
Other number related to reference number	Provide any other number related to the reference number as applicable.
Initiation: † Financial institution number Final receipt: Financial institution number	Instructions not specified
Initiation: † Branch number Final receipt: Branch number	Instructions not specified
† Account number	If the transaction involves an account at a financial entity, securities dealer or casino (account-based reporting entities), provide that account number. If you are not an account-based reporting entity (for example, a money services business), but the transaction involves an account at an account-based reporting entity (for example, a financial entity), provide that account number in this field.
Initiation: † Account type Final receipt: Account type	Instructions not specified
† If 'Other', please specify	Instructions not specified
Initiation: † Account currency Final receipt: Account currency	Instructions not specified
Date account opened	Instructions not specified

Account holder (person) of account above

Instructions for the fields under "Account holder (person) of account above"
Fields	Instructions
Initiation: † Surname Final receipt: Surname	Refer to Name fields under "Standardized field instructions".
Initiation: † Given name Final receipt: Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)

Account holder (entity) of account above

Instructions for the field under "Account holder (entity) of account above"
Field	Instructions
Initiation: † Name of entity Final receipt: Name of entity	Refer to Name fields under "Standardized field instructions".

Information about requesting the transaction online

Fields	Instructions
Type of device used	Instructions not specified
† If 'Other', please specify	Instructions not specified
Username	Instructions not specified
Device identifier number	Instructions not specified
Internet protocol address	Instructions not specified
Date and time of online session in which request is made	Instructions not specified

Requester – entity

Provide all the information you have on 1, or multiple entities specified as the requesters of the transfer.

Instructions for the fields under "Requester – entity"
Fields	Instructions
† Name of entity	Refer to Name fields under "Standardized field instructions".
Client number	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
† Street address	Same instructions (Address fields)
† City	Same instructions (Address fields)
District	Same instructions (Address fields)
† Country	Same instructions (Address fields)
† Province or state (code)	Same instructions (Address fields)
† Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".
Telephone number	Refer to Telephone number fields under "Standardized field instructions".
Extension	Same instructions (Telephone number fields)
Initiation: † Nature of entity's principal business Final receipt: Nature of entity's principal business	Refer to Occupation/business fields under "Standardized field instructions".
‡ Do you have incorporation or registration information?	Instructions not specified
Incorporated or registered?	Instructions not specified
† Incorporation number / † Jurisdiction of issue (country, province or state)	Provide the incorporation number and jurisdiction of issue of the entity requesting the transaction for each jurisdiction where the entity is incorporated. If the jurisdiction is a province or state: in Canada, the United States or Mexico, select the code from the list of options outside Canada, the United States or Mexico, provide the name of the province or state
† Registration number / † Jurisdiction of issue (country, province or state)	Provide the registration number and jurisdiction of issue of the entity requesting the transaction for each jurisdiction where the entity is registered. If the jurisdiction is a province or state: in Canada, the United States or Mexico, select the code from the list of options outside Canada, the United States or Mexico, provide the name of the province or state For Canadian entities, a registration number can include the 9-digit business number assigned to that entity by the Canada Revenue Agency (CRA).

Identification of the requester – entity

Provide the following information that was used to verify the identity of the entity. For some entities, this information may be the same as the registration or incorporation information.

Instructions for the fields under "Identification of the requester – entity"
Fields	Instructions
Initiation: † Identifier type Final receipt: Identifier type	Refer to Identification fields under "Standardized field instructions".
† If "Other", please specify	Same instructions (Identification fields)
Initiation: † Number associated with identifier type Final receipt: Number associated with identifier type	Same instructions (Identification fields)
Initiation: † Jurisdiction of issue (country) Final receipt: Jurisdiction of issue (country	Same instructions (Identification fields)
Initiation: † Jurisdiction of issue (province or state) (code) Final receipt: Jurisdiction of issue (province or state) (code)	Same instructions (Identification fields)
Initiation: † Jurisdiction of issue (province or state) (name) Final receipt: Jurisdiction of issue (province or state) (name)	Same instructions (Identification fields)

Person authorized to bind the entity or act with respect to the account (maximum 3)

If the requester is an entity, provide the information for up to 3 persons who are authorized to:

bind the entity, or
act with respect to the account

Instructions for the fields under "Person authorized to bind the entity or act with respect to the account"
Fields	Instructions
Initiation: † Surname Final receipt: Surname	Refer to Name fields under "Standardized field instructions".
Initiation: † Given name Final receipt: Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)

Account or reference information related to the electronic funds transfer

Provide the account or reference information as it relates to the electronic funds transfer.

Instructions for the fields under "Account or reference information related to the electronic funds transfer"
Fields	Instructions
† Reference number	If the transaction involved a reference number, provide it in this field. If the transaction involves an account at a financial entity, securities dealer or casino (account-based reporting entity), do not provide the account number information in this field—instead, provide that information in the account number field. For all other reporting entities, if you have an internal account number that is used as a reference number, then provide the internal account number in this field.
Other number related to reference number	Provide any other number related to the reference number as applicable.
Initiation: † Financial institution number Final receipt: Financial institution number	Instructions not specified
Initiation: † Branch number Final receipt: Branch number	Instructions not specified
† Account number	If the transaction involves an account at a financial entity, securities dealer or casino (account-based reporting entities), provide that account number. If you are not an account-based reporting entity (for example, a money services business), but the transaction involves an account at an account-based reporting entity (for example, a financial entity), provide that account number in this field.
Initiation: † Account type Final receipt: Account type	Instructions not specified
† If 'Other', please specify	Instructions not specified
Initiation: † Account currency Final receipt: Account currency	Instructions not specified
Date account opened	Instructions not specified

Account holder (person) of account above

Instructions for the fields under "Account holder (person) of account above"
Fields	Instructions
Initiation: † Surname Final receipt: Surname	Refer to Name fields under "Standardized field instructions".
Initiation: † Given name Final receipt: Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)

Account holder (entity) of account above

Instructions for the field under "Account holder (entity) of account above"
Field	Instructions
Initiation: † Name of entity Final receipt: Name of entity	Refer to Name fields under "Standardized field instructions".

Information about requesting the transaction online

Fields	Instructions
Type of device used	Instructions not specified
† If 'Other', please specify	Instructions not specified
Username	Instructions not specified
Device identifier number	Instructions not specified
Internet protocol address	Instructions not specified
Date and time of online session in which request is made	Instructions not specified

Account holder if different from the requester

Provide information on the holder of the account from which the funds are withdrawn if different from the requester

Fields	Instructions
‡ Were the funds withdrawn from an account not held by the requester (person/entity)?	Instructions not specified
Account holder type	Select: Person if the account holder is a person Entity if the account holder is an entity

Person who is account holder if different from the requester

Instructions for the fields under "Person who is account holder if different from the requester"
Fields	Instructions
† Surname	Refer to Name fields under "Standardized field instructions".
† Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)
Alias	Same instructions (Name fields)
Client number	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
† Street address	Same instructions (Address fields)
† City	Same instructions (Address fields)
District	Same instructions (Address fields)
† Country	Same instructions (Address fields)
† Province or state (code)	Same instructions (Address fields)
† Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".
Telephone number	Refer to Telephone number fields under "Standardized field instructions".
Extension	Same instructions (Telephone number fields)
Email address	Instructions not specified
Initiation: † Date of birth Final receipt: Date of birth	Instructions not specified
Country of residence	Enter the primary country of residence for the person. It can be the same or different from the country entered in the address section.
Initiation: † Occupation Final receipt: Occupation	Refer to Occupation/business fields under "Standardized field instructions".
Name of employer	Same instructions (Occupation/business fields)

Identification of the person who is the account holder if different from the requester

Instructions for the fields under "Identification of the person who is the account holder if different from the requester"
Fields	Instructions
Initiation: † Identifier type Final receipt: Identifier type	Refer to Identification fields under "Standardized field instructions".
† If "Other", please specify	Same instructions (Identification fields)
Initiation: † Number associated with identifier type Final receipt: Number associated with identifier type	Same instructions (Identification fields)
Initiation: † Jurisdiction of issue (country) Final receipt: Jurisdiction of issue (country)	Same instructions (Identification fields)
Initiation: † Jurisdiction of issue (province or state) (code) Final receipt: Jurisdiction of issue (province or state) (code)	Same instructions (Identification fields)
Initiation: † Jurisdiction of issue (province or state) (name) Final receipt: Jurisdiction of issue (province or state) (name)	Same instructions (Identification fields)

Relationship of the account holder (person) above to the requester

Instructions for the fields under "Relationship of the account holder (person) above to the requester"
Fields	Instructions
Initiation: † Relationship Final receipt: Relationship	Select the relationship of the account holder to the requester.
† If "Other", please specify	Instructions not specified

Entity who is account holder if different from the requester

Instructions for the fields under "Entity who is account holder if different from the requester"
Fields	Instructions
† Name of entity	Refer to Name fields under "Standardized field instructions".
Client number	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
† Street address	Same instructions (Address fields)
† City	Same instructions (Address fields)
District	Same instructions (Address fields)
† Country	Same instructions (Address fields)
† Province or state (code)	Same instructions (Address fields)
† Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".
Telephone number	Refer to Telephone number fields under "Standardized field instructions".
Extension	Same instructions (Telephone number fields)
Email address	Instructions not specified
Initiation: † Nature of entity's principal business Final receipt: Nature of entity's principal business	Refer to Occupation/business fields under "Standardized field instructions".
‡ Do you have incorporation or registration information?	Instructions not specified
Incorporated or registered?	Instructions not specified
Initiation: † Incorporation number / † Jurisdiction of issue (country, province or state) Final receipt: Incorporation number / Jurisdiction of issue (country, province or state)	Provide the incorporation number and jurisdiction of issue of the entity for each jurisdiction where the entity is incorporated. If the jurisdiction is a province or state: in Canada, the United States or Mexico, select the code from the list of options outside Canada, the United States or Mexico, provide the name of the province or state
Initiation: † Registration number / † Jurisdiction of issue (country, province or state) Final receipt: Registration number / Jurisdiction of issue (country, province or state)	Provide the registration number and jurisdiction of issue of the entity for each jurisdiction where the entity is registered. If the jurisdiction is a province or state: in Canada, the United States or Mexico, select the code from the list of options outside Canada, the United States or Mexico, provide the name of the province or state For Canadian entities, a registration number can include the 9-digit business number assigned to that entity by the Canada Revenue Agency (CRA).

Identification of the entity who is the account holder if different from the requester

Provide the following information that was used to verify the identity of the entity. For some entities, this information may be the same as the registration or incorporation information.

Instructions for the fields under "Identification of the entity who is the account holder if different from the requester"
Fields	Instructions
Initiation: † Identifier type Final receipt: Identifier type	Refer to Identification fields under "Standardized field instructions".
† If "Other", please specify	Same instructions (Identification fields)
Initiation: † Number associated with identifier type Final receipt: Number associated with identifier type	Same instructions (Identification fields)
Initiation: † Jurisdiction of issue (country) Final receipt: Jurisdiction of issue (country)	Same instructions (Identification fields)
Initiation: † Jurisdiction of issue (province or state) (code) Final receipt: Jurisdiction of issue (province or state) (code)	Same instructions (Identification fields)
Initiation: † Jurisdiction of issue (province or state) (name) Final receipt: Jurisdiction of issue (province or state) (name)	Same instructions (Identification fields)

Person authorized to bind the entity or act with respect to the account (maximum 3)

If the account holder is an entity, provide the information for up to 3 persons who are authorized to:

bind the entity, or
act with respect to the account

Instructions for the fields under "Person authorized to bind the entity or act with respect to the account"
Fields	Instructions
Initiation: † Surname Final receipt: Surname	Refer to Name fields under "Standardized field instructions".
Initiation: † Given name Final receipt: Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)

Relationship of the account holder (entity) above to the requester

Instructions for the fields under "Relationship of the account holder (entity) above to the requester"
Fields	Instructions
Initiation: † Relationship Final receipt: Relationship	Select the relationship of the account holder to the requester.
† If "Other", please specify	Instructions not specified

On whose behalf the initiation of the electronic funds transfer is requested

Provide information about the person or entity on whose behalf the initiation of the electronic funds transfer is requested

Instructions for the field under "On whose behalf the initiation of the electronic funds transfer is requested"
Field	Instructions
‡ Was the initiation of the electronic funds transfer requested on behalf of another person or entity?	Select: "Yes" if the initiation of the electronic funds transfer was requested on behalf of another person or entity. "No" if the initiation of the electronic funds transfer was not requested on behalf of another person or entity. The "on behalf of" party is also known as: the "third party", or the party providing instructions for the transaction
Who was the initiation of the electronic funds transfer requested on behalf of?	Select: person if the initiation of the electronic funds transfer was requested on behalf of another person entity if the initiation of the electronic funds transfer was requested on behalf of another entity

Information about the third party (person on whose behalf the initiation of the electronic funds transfer is requested)

If the initiation of the electronic funds transfer was requested on behalf of another person, you must include the relevant information.

Instructions for the fields under "Information about the third party (person on whose behalf the initiation of the electronic funds transfer is requested)"
Fields	Instructions
Initiation: † Surname Final receipt: Surname	Refer to Name fields under "Standardized field instructions".
Initiation: † Given name Final receipt: Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)
Initiation only: Alias	Same instructions (Name fields)
Initiation only: Client number	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
Street address	Same instructions (Address fields)
City	Same instructions (Address fields)
District	Same instructions (Address fields)
Country	Same instructions (Address fields)
Province or state (code)	Same instructions (Address fields)
Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".
Initiation only: Telephone number	Refer to Telephone number fields under "Standardized field instructions".
Initiation only: Extension	Same instructions (Telephone number fields)
Initiation only: Email address	Instructions not specified
Date of birth	Instructions not specified
Initiation only: Country of residence	Enter the primary country of residence for the person. It can be the same or different from the country entered in the address section.
Occupation	Refer to Occupation/business fields under "Standardized field instructions".
Initiation only: Name of employer	Same instructions (Occupation/business fields)

Identification of the third party (person on whose behalf the initiation of the electronic funds transfer is requested)

Instructions for the fields under "Identification of the third party (person on whose behalf the initiation of the electronic funds transfer is requested)"
Fields	Instructions
Identifier type	Refer to Identification fields under "Standardized field instructions".
† If "Other", please specify	Same instructions (Identification fields)
Number associated with identifier type	Same instructions (Identification fields)
Initiation only: Jurisdiction of issue (country)	Same instructions (Identification fields)
Initiation only: Jurisdiction of issue (province or state) (code)	Same instructions (Identification fields)
Initiation only: Jurisdiction of issue (province or state) (name)	Same instructions (Identification fields)

Relationship of the third party (person named above) to the requester

Instructions for the fields under "Relationship of the third party (person named above) to the requester"
Fields	Instructions
Initiation: † Relationship Final receipt: Relationship	Select the relationship of the "on behalf of" party to the requester. The "on behalf of" party is understood to be the person or entity that instructs the person or entity requesting the transfer.
† If "Other", please specify	Instructions not specified

Information about the third party (entity on whose behalf the initiation of the electronic funds transfer is requested)

If the initiation of the electronic funds transfer was requested on behalf of another entity, you must include the relevant information.

Instructions for the fields under "Information about the third party (entity on whose behalf the initiation of the electronic funds transfer is requested)"
Fields	Instructions
Initiation: † Name of entity Final receipt: Name of entity	Refer to Name fields under "Standardized field instructions".
Client number	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
Street address	Same instructions (Address fields)
City	Same instructions (Address fields)
District	Same instructions (Address fields)
Country	Same instructions (Address fields)
Province or state (code)	Same instructions (Address fields)
Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".
Initiation only: Telephone number	Refer to Telephone number fields under "Standardized field instructions".
Initiation only: Extension	Same instructions (Telephone number fields)
Initiation only: Email address	Instructions not specified
Nature of entity's principal business	Refer to Occupation/business fields under "Standardized field instructions".
‡ Do you have incorporation or registration information?	Instructions not specified
Incorporated or registered?	Instructions not specified
Incorporation number / Jurisdiction of issue (country, province or state)	Provide the incorporation number and jurisdiction of issue of the entity on whose behalf the transfer was requested for each jurisdiction where the entity is incorporated. If the jurisdiction is a province or state: in Canada, the United States or Mexico, select the code from the list of options outside Canada, the United States or Mexico, provide the name of the province or state
Registration number / Jurisdiction of issue (country, province or state)	Provide the registration number and jurisdiction of issue of the entity on whose behalf the transfer was requested for each jurisdiction where the entity is registered. If the jurisdiction is a province or state: in Canada, the United States or Mexico, select the code from the list of options outside Canada, the United States or Mexico, provide the name of the province or state For Canadian entities, a registration number can include the 9-digit business number assigned to that entity by the Canada Revenue Agency (CRA).

Identification of the third party (entity on whose behalf the initiation of the electronic funds transfer is requested)

Provide the following information that was used to verify the identity of the entity on whose behalf the initiation of the electronic funds transfer is requested.

For some entities, this information may be the same as the registration or incorporation information.

Instructions for the fields under "Identification of the third party (entity on whose behalf the initiation of the electronic funds transfer is requested)"
Fields	Instructions
Identifier type	Refer to Identification fields under "Standardized field instructions".
† If "Other", please specify	Same instructions (Identification fields)
Number associated with identifier type	Same instructions (Identification fields)
Initiation only: Jurisdiction of issue (country)	Same instructions (Identification fields)
Initiation only: Jurisdiction of issue (province or state) (code)	Same instructions (Identification fields)
Initiation only: Jurisdiction of issue (province or state) (name)	Same instructions (Identification fields)

Person authorized to bind the third party (entity) or act with respect to the account (maximum 3)

Instructions for the fields under "Person authorized to bind the third party (entity) or act with respect to the account"
Fields	Instructions
Surname	Refer to Name fields under "Standardized field instructions".
Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)

Relationship of the third party (entity named above) to the requester

Instructions for the fields under "Relationship of the third party (entity named above) to the requester"
Fields	Instructions
Initiation: † Relationship Final receipt: Relationship	Select the relationship of the "on behalf of" party to the requester. The "on behalf of" party is understood to be the person or entity that instructs the requester.
† If "Other", please specify	Instructions not specified

Person or entity that initiates the electronic funds transfer

Provide information on the initiator:

When you initiate an international electronic funds transfer at the request of a person or entity, you are the initiator. Therefore, you will need to provide your information in the initiator fields.
When you finally receive an international electronic funds transfer and remit the funds to the beneficiary, you are the final receiver. Therefore, do not provide your information in the initiator fields—instead, provide the information of the person or entity that initiated the electronic funds transfer.
For money services businesses and foreign money services businesses, there may be transactions where you are both the initiator and final receiver. In these cases, provide your information in the initiator fields and the final receiver fields.

Fields	Instructions
‡ Initiator type	Select: Person if the initiator is a person Entity if the initiator is an entity

Person who initiates the electronic funds transfer

Instructions for the fields under "Person who initiates the electronic funds transfer"
Fields	Instructions
† Surname	Refer to Name fields under "Standardized field instructions".
† Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)
† Bank identification code or business entity identifier	Instructions not specified
Identification number assigned to person in respect of their electronic funds transfer activities	Instructions not specified
Initiation: † Reporting entity location number Final receipt: Reporting entity location number	The location number is: created and assigned to you by FINTRAC during the enrolment process to FINTRAC Web Reporting System (FWR), and maintained by your FWR administrator. For more information about this, contact your FWR administrator.
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
† Street address	Same instructions (Address fields)
† City	Same instructions (Address fields)
District	Same instructions (Address fields)
† Country	Same instructions (Address fields)
† Province or state (code)	Same instructions (Address fields)
† Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Final receipt only: Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".

Entity that initiates the electronic funds transfer

Instructions for the fields under "Entity that initiates the electronic funds transfer"
Fields	Instructions
† Name of entity	Refer to Name fields under "Standardized field instructions".
† Bank identification code or business entity identifier	Instructions not specified
Identification number assigned to the entity in respect of their electronic funds transfer activities	Instructions not specified
Initiation: † Reporting entity location number Final receipt Reporting entity location number	The location number is: created and assigned to you by FINTRAC during the enrolment process to FINTRAC Web Reporting System (FWR), and maintained by your FWR administrator. For more information about this, contact your FWR administrator.
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
† Street address	Same instructions (Address fields)
† City	Same instructions (Address fields)
District	Same instructions (Address fields)
† Country	Same instructions (Address fields)
† Province or state (code)	Same instructions (Address fields)
† Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Final receipt only: Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".

Sender of electronic funds transfer that was initiated by another person or entity

A sender:

is a person or entity that sends or is to send an electronic funds transfer initiated by another person or entity
helps move the transfer instructions that began with an initiator towards the final receiver
can move the transfer instructions to another sender, or to the final receiver (as there can be 1 or more senders)

Examples of senders include intermediary institutions and agents.

Provide information on every sender involved in the transfer.

Fields	Instructions
‡ Are there additional parties sending this electronic funds transfer?	You will need to provide an answer to this question, regardless if you initiate or are in final receipt of an electronic funds transfer.
‡ Sender type	Select: Person if the sender is a person Entity if the sender is an entity

Person who sends or is to send the electronic funds transfer

Instructions for the fields under "Person who sends or is to send the electronic funds transfer"
Fields	Instructions
† Surname	Refer to Name fields under "Standardized field instructions".
† Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)
† Bank identification code or business entity identifier	Instructions not specified
Identification number assigned to person in respect of their electronic funds transfer activities	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
† Street address	Same instructions (Address fields)
† City	Same instructions (Address fields)
District	Same instructions (Address fields)
† Country	Same instructions (Address fields)
† Province or state (code)	Same instructions (Address fields)
† Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".

Entity that sends or is to send the electronic funds transfer

Instructions for the fields under "Entity that sends or is to send the electronic funds transfer"
Fields	Instructions
† Name of entity	Refer to Name fields under "Standardized field instructions".
† Bank identification code or business entity identifier	Instructions not specified
Identification number assigned to the entity in respect of their electronic funds transfer activities	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
† Street address	Same instructions (Address fields)
† City	Same instructions (Address fields)
District	Same instructions (Address fields)
† Country	Same instructions (Address fields)
† Province or state (code)	Same instructions (Address fields)
† Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".

Relationship of the person or entity named above to the person or entity that initiates the electronic funds transfer

Instructions for the fields under "Relationship of the person or entity named above to the person or entity that initiates the electronic funds transfer"
Fields	Instructions
Relationship	Select the relationship from the list of options.
† If "Other", please specify	Instructions not specified

Relationship of the person or entity named above to the person or entity that finally receives or is to finally receive the electronic funds transfer

Instructions for the fields under "Relationship of the person or entity named above to the person or entity that finally receives or is to finally receive the electronic funds transfer"
Fields	Instructions
Relationship	Select the relationship from the list of options.
† If "Other", please specify	Instructions not specified

Person or entity involved in effecting the electronic funds transfer that is a SWIFT message

A person or entity involved in effecting the electronic funds transfer that is a SWIFT message:

does not move the transfer instructions
performs services (for example, settlement services) that are necessary to facilitate the settlement of the transfer instructions

Provide information about every person or entity that is involved in effecting the electronic funds transfer that is a SWIFT message.

Instructions for the field under "Person or entity involved in effecting the electronic funds transfer that is a SWIFT message"
Field	Instructions
‡ Are there additional parties involved in effecting the electronic funds transfer that is a SWIFT message?	You will need to answer this question if the electronic funds transfer type is SWIFT, regardless if you initiate or are in final receipt of an electronic funds transfer.
† Type of additional parties involved	Select: Person if the additional party is a person Entity if the additional party is an entity

Person involved in effecting the electronic funds transfer that is a SWIFT message

Instructions for the fields under "Person involved in effecting the electronic funds transfer that is a SWIFT message"
Fields	Instructions
† Surname	Refer to Name fields under "Standardized field instructions".
† Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)
† Bank identification code or business entity identifier	Instructions not specified
Identification number assigned to person in respect of their electronic funds transfer activities	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
† Street address	Same instructions (Address fields)
† City	Same instructions (Address fields)
District	Same instructions (Address fields)
† Country	Same instructions (Address fields)
† Province or state (code)	Same instructions (Address fields)
† Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".

Entity involved in effecting the electronic funds transfer that is a SWIFT message

Instructions for the fields under "Entity involved in effecting the electronic funds transfer that is a SWIFT message"
Fields	Instructions
† Name of entity	Refer to Name fields under "Standardized field instructions".
† Bank identification code or business entity identifier	Instructions not specified
Identification number assigned to the entity in respect of their electronic funds transfer activities	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
† Street address	Same instructions (Address fields)
† City	Same instructions (Address fields)
District	Same instructions (Address fields)
† Country	Same instructions (Address fields)
† Province or state (code)	Same instructions (Address fields)
† Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".

Relationship of the person or entity named above to the person or entity that initiates the electronic funds transfer

Instructions for the fields under "Relationship of the person or entity named above to the person or entity that initiates the electronic funds transfer"
Fields	Instructions
Relationship	Select the relationship from the list of options.
† If "Other", please specify	Instructions not specified

Relationship of the person or entity named above to the person or entity that sends or is to send the electronic funds transfer

Instructions for the fields under "Relationship of the person or entity named above to the person or entity that sends or is to send the electronic funds transfer"
Fields	Instructions
Relationship	Select the relationship from the list of options.
† If "Other", please specify	Instructions not specified

Relationship of the person or entity named above to the person or entity that finally receives or is to finally receive the electronic funds transfer

Instructions for the fields under "Relationship of the person or entity named above to the person or entity that finally receives or is to finally the electronic funds transfer"
Fields	Instructions
Relationship	Select the relationship from the list of options.
† If "Other", please specify	Instructions not specified

Person or entity that finally receives or is to finally receive the electronic funds transfer

Provide information on the receiver:

When you finally receive an international electronic funds transfer for the beneficiary, you are the final receiver. Therefore, you will need to provide your information in the receiver fields.
When you initiate an international electronic funds transfer at the request of a person or entity, you are the initiator. Therefore, do not provide your information in the receiver fields—instead, provide the information of the person or entity that finally receives or is to receive the electronic funds transfer.
For money services businesses and foreign money services businesses, there may be transactions where you are both the initiator and receiver. In these cases, provide your information in the initiator fields and the final receiver fields.

Fields	Instructions
‡ Receiver type	Select: Person if the receiver is a person Entity if the receiver is an entity

Person who finally receives or is to finally receive the electronic funds transfer

Instructions for the fields under "Person who receives or is to finally receive the electronic funds transfer"
Fields	Instructions
† Surname	Refer to Name fields under "Standardized field instructions".
† Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)
† Bank identification code or business entity identifier	Instructions not specified
Identification number assigned to person in respect of their electronic funds transfer activities	Instructions not specified
Initiation: Reporting entity location number Final receipt: † Reporting entity location number	The location number is: created and assigned to you by FINTRAC during the enrolment process to FINTRAC Web Reporting System (FWR), and maintained by your FWR administrator. For more information about this, contact your FWR administrator.
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
† Street address	Same instructions (Address fields)
† City	Same instructions (Address fields)
District	Same instructions (Address fields)
† Country	Same instructions (Address fields)
† Province or state (code)	Same instructions (Address fields)
† Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Initiation only: Unstructured address details	Refer to Unstructured address field under "Standardized field instructions".

Entity that finally receives or is to finally receive the electronic funds transfer

Instructions for the fields under "Entity that finally receives or is to finally receive the electronic funds transfer"
Fields	Instructions
† Name of entity	Refer to Name fields under "Standardized field instructions".
† Bank identification code or business entity identifier	Instructions not specified
Identification number assigned to the entity in respect of their electronic funds transfer activities	Instructions not specified
Initiation: Reporting entity location number Final receipt: † Reporting entity location number	The location number is: created and assigned to you by FINTRAC during the enrolment process to FINTRAC Web Reporting System (FWR), and maintained by your FWR administrator. For more information about this, contact your FWR administrator.
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
† Street address	Same instructions (Address fields)
† City	Same instructions (Address fields)
District	Same instructions (Address fields)
† Country	Same instructions (Address fields)
† Province or state (code)	Same instructions (Address fields)
† Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Initiation only: Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".

Disposition information

Details of disposition

This field describes what happened to the funds that are received by the receiver and how the funds are remitted to the beneficiary. If you are submitting:

a final receipt report, this field is mandatory and you must select the disposition that best describes what happened to the funds that were finally received.
an initiation report, you must select the disposition that best describes what happened to the funds that were finally received if you know or aware of the disposition as this is a reasonable efforts field.

You can select more than one disposition.

Instructions for types of disposition to select for the field "* Details of disposition"
Types of dispositions to select from	Instructions
Cash out	To be used when the funds are paid out in cash.
Payment to account	To be used when funds or virtual currency are used to pay down a loan, mortgage, line of credit or credit card account balance.
Cash withdrawal (account based)	To be used when cash is withdrawn from an account-based reporting entity, such as a bank or credit union. This cannot be the first disposition. For example, the funds received must be deposited into an account (first disposition) before cash is withdrawn from the account.
Added to virtual currency wallet	Select when virtual currency is added to a virtual currency wallet. This cannot be the first disposition. For example, the funds received must be exchanged to virtual currency (first disposition) before it can be added to a virtual currency wallet (subsequent disposition).
Deposit to account	Select when the funds are deposited into an account at an account-based reporting entity, such as a bank or credit union.
Exchange to fiat currency	Select for: a fiat-to-fiat currency exchange (for example, CAD to USD), or a virtual currency-to-fiat exchange (for example, bitcoin to CAD) A virtual currency-to-fiat exchange cannot be the first disposition. The funds received must be exchanged to virtual currency (first disposition) before the virtual currency can be exchanged to fiat (subsequent disposition).
Exchange to virtual currency	Select for: a fiat-to-virtual currency exchange (for example, CAD to bitcoin), or a virtual currency-to-virtual currency exchange (for example, bitcoin to Ethereum (ETH)) A virtual currency-to-virtual currency exchange cannot be the first disposition. The funds received must be first exchanged to virtual currency (first disposition) before the virtual currency can be exchanged to another virtual currency.
Holding funds	Select when a non-account-based reporting entity (for example, a money services business) receives funds and holds these funds for a client for the purpose of a future transaction (for example, buy virtual currency when it hits a certain threshold).
Investment product purchase or deposit	Select when a client buys or makes a deposit to a Guaranteed Investment Contract (GIC), RRSP, stock from an exchange (for example, Toronto Stock Exchange (TSX)), or any other such investments.
Issued cheque	Select for the issuance of: a certified cheque a disbursement through a casino cheque, etc.
Life insurance policy purchase or deposit	Select when a client buys or puts a deposit down to purchase a life insurance policy.
Outgoing domestic funds transfer	Select when the transaction instructions are for the transfer of funds within Canada.
Outgoing email money transfer	Select when the funds are transferred using a recipient's email address.
Outgoing international funds transfer	Select when the transaction instructions are for the transfer of funds outside of Canada.
Outgoing mobile money transfer	Select when the funds are transferred using a recipient's phone number.
Outgoing virtual currency transfer	Select when a reporting entity transfers virtual currency from a client's virtual currency wallet to another virtual currency wallet. This cannot be the first disposition. For example, the funds received must be exchanged to virtual currency (first disposition) before it can be added to a virtual currency wallet (second disposition) and then transferred to another virtual currency wallet.
Purchase of bank draft	Select when a client purchases a bank draft from a financial entity. The term bank draft refers to a negotiable instrument that can be used as payment (similar to a cheque). Unlike a cheque though, a bank draft is guaranteed by the issuing bank.
Purchase of casino product	Select when a client purchases a casino product. A casino product can include, but is not limited to: chips plaques, and tokens
Purchase of money order	Select when a client purchases a money order. A money order is a certificate, usually issued by a government or financial institution that allows the stated payee to receive cash on demand. A money order functions much like a cheque as the purchaser of the money order may stop the payment.
Purchase of precious metals	Select when a client purchases precious metals from a dealer in precious metals and precious stones. Precious metals means: gold silver palladium, and platinum in the form of: coins bars ingots granules, or in other similar forms
Purchase of prepaid payment product/card	Select when a client purchases a prepaid payment product. The product must be tied to a prepaid payment product account held by a financial entity. A prepaid payment product is a product that is issued by a financial entity that enables a person or entity to engage in a transaction by giving them electronic access to funds or to virtual currency paid into a prepaid payment product account held with the financial entity in advance of a transaction taking place.
Real estate purchase or deposit	Select when a client purchases or puts a deposit down on real estate.
Purchase of / Payment for goods	Select when a client purchases or pays for goods not already captured by any other disposition type included in the list above (for example, car, yacht).
Purchase of / Payment of services	Select when a client purchases or pays for services not already captured by any other disposition type included in the list above (for example, cable, internet, hydro).
Other	Select when the disposition is not captured by any other disposition type included in the list above. Upon selecting "Other," you must provide a description of the disposition. "Other" should not be used to combine multiple dispositions that are listed above. Specifically, if there are multiple dispositions that are included in the list above, then each disposition should be selected and not combined under "Other". Note: If the disposition is "Other", provide details that describe the disposition of the transaction in the field "† If "Other", please specify".
Initiation: Amount Final receipt: * Amount	Enter the amount of disposition. The disposition amount: is the amount that it is remitted to the beneficiary may be the same or different from the amount that was transferred to the beneficiary (or example, when you receive a transfer for a beneficiary and deduct a fee from this transfer amount, the disposition amount will be different from the transfer amount)
Currency	If the disposition involves a fiat currency, enter the currency even if it was in Canadian dollars. If the currency type is not in the list provided, you must select "Other" and provide the name of the currency.
Virtual currency type	Instructions not specified
† If "Other", please specify	Instructions not specified
Exchange rate	Provide the rate of exchange that you used for the transaction.
Value in Canadian dollars	Provide the Canadian dollar value of the disposition if it is not funds. For example, provide the value of the virtual currency, jewellery, precious metals or precious stones that was purchased. This may be the market, retail or other value that you would use in the ordinary course of your business at the time of transaction, and as detailed by and in accordance with your policies and procedures.

Involved in the disposition

Instructions for the field under "Involved in the disposition"
Field	Instructions
‡ Was there any other person or entity involved in the disposition?	Instructions not specified

Person involved in the disposition

If you have information about other persons involved in the disposition, you must include it.

Instructions for the fields under "Person involved in the disposition"
Fields	Instructions
Surname	Refer to Name fields under "Standardized field instructions".
Given name	Same instructions (Name fields)
Other/initial	Same instructions (Name fields)
Account number	Provide the account number of the person involved in the disposition. It is acceptable to include the financial institution number and branch number as part of an account number.
Policy number	Instructions not specified
Identifying number	Instructions not specified

Entity involved in the disposition

If you have information about other entities involved in the disposition, you must include it.

Instructions for the fields under "Entity involved in the disposition"
Fields	Instructions
Name of entity	Refer to Name fields under "Standardized field instructions".
Account number	Provide the account number of the entity involved in the disposition. It is acceptable to include the financial institution number and branch number as part of an account number.
Policy number	Instructions not specified
Identifying number	Instructions not specified

Beneficiary information

Provide all the information you have on 1 or multiple beneficiaries of the transfer.

Instructions for the fields under "Beneficiary information"
Field	Instructions
‡ Beneficiary type	Select: Person if the beneficiary is a person Entity if the beneficiary is an entity

Person beneficiary

Instructions for the fields under "Person beneficiary"
Fields	Instructions
† Surname	Refer to Name fields under "Standardized field instructions".
†Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)
Alias	Same instructions (Name fields)
Client number	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
Initiation: Street address Final receipt: †Street address	Same instructions (Address fields)
Initiation: City Final receipt: †City	Same instructions (Address fields)
District	Same instructions (Address fields)
Initiation: Country Final receipt: †Country	Same instructions (Address fields)
Initiation: Province or state (code) Final receipt: †Province or state (code)	Same instructions (Address fields)
Initiation: Province or state (name) Final receipt: †Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".
Telephone number	Refer to Telephone number fields under "Standardized field instructions".
Extension	Same instructions (Telephone number fields)
Email address	Instructions not specified
Username	Instructions not specified
Date of birth	Instructions not specified
Country of residence	Enter the primary country of residence for the person. It can be the same or different from the country entered in the address section.
Occupation	Refer to Occupation/business fields under "Standardized field instructions".
Name of employer	Same instructions (Occupation/business fields)

Identification of the person beneficiary

Instructions for the fields under "Identification of the person beneficiary"
Fields	Instructions
Initiation: Identifier type Final receipt: † Identifier type	Refer to Identification fields under "Standardized field instructions".
† If "Other", please specify	Same instructions (Identification fields)
Initiation: Number associated with identifier type Final receipt: † Number associated with identifier type	Same instructions (Identification fields)
Initiation: Jurisdiction of issue (country) Final receipt: † Jurisdiction of issue (country)	Same instructions (Identification fields)
Initiation: Jurisdiction of issue (province or state) (code) Final receipt: † Jurisdiction of issue (province or state) (code)	Same instructions (Identification fields)
Initiation: Jurisdiction of issue (province or state) (name) Final receipt: † Jurisdiction of issue (province or state) (name)	Same instructions (Identification fields)

Account or reference information related to the electronic funds transfer

Provide the account or reference information as it relates to the electronic funds transfer.

Instructions for the fields under "Account or reference information related to the electronic funds transfer"
Fields	Instructions
† Reference number	If the transaction involved a reference number, provide it in this field. If the transaction involves an account at a financial entity, securities dealer or casino (account-based reporting entity), do not provide the account number information in this field—instead, provide that information in the account number field. For all other reporting entities, if you have an internal account number that is used as a reference number, then provide the internal account number in this field.
Other number related to reference number	Provide any other number related to the reference number as applicable.
Initiation: Financial institution number Final receipt: † Financial institution number	Instructions not specified
Initiation: Branch number Final receipt: † Branch number	Instructions not specified
† Account number	If the transaction involves an account at a financial entity, securities dealer or casino (account-based reporting entities), provide that account number. If you are not an account-based reporting entity (for example, a money services business), but the transaction involves an account at an account-based reporting entity (for example, a financial entity), provide that account number in this field.
Initiation: Account type Final receipt: † Account type	Instructions not specified
† If 'Other', please specify	Instructions not specified
Initiation: Account currency Final receipt: † Account currency	Instructions not specified
Date account opened	Instructions not specified

Account holder (person) of account above

Instructions for the fields under "Account holder – person"
Fields	Instructions
Initiation: Surname Final receipt: † Surname	Refer to Name fields under "Standardized field instructions".
Initiation: Given name Final receipt: † Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)

Account holder (entity) of account above

Instructions for the field under "Account holder – entity"
Field	Instructions
Initiation: Name of entity Final receipt: † Name of entity	Refer to Name fields under "Standardized field instructions".

Entity beneficiary

Instructions for the fields under "Entity beneficiary"
Fields	Instructions
† Name of entity	Refer to Name fields under "Standardized field instructions".
Client number	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
Initiation: Street address Final receipt: † Street address	Same instructions (Address fields)
Initiation: City Final receipt: † City	Same instructions (Address fields)
District	Same instructions (Address fields)
Initiation: Country Final receipt: † Country	Same instructions (Address fields)
Initiation: Province or state (code) Final receipt: † Province or state (code)	Same instructions (Address fields)
Initiation: Province or state (name) Final receipt: † Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".
Telephone number	Refer to Telephone number fields under "Standardized field instructions".
Extension	Same instructions (Telephone number fields)
Email address	Instructions not specified
Username	Instructions not specified
Nature of entity's principal business	Refer to Occupation/business fields under "Standardized field instructions".
‡ Do you have incorporation or registration information?	Instructions not specified
Incorporated or registered?	Instructions not specified
Initiation: Incorporation number / Jurisdiction of issue (country, province or state) Final receipt: † Incorporation number / Jurisdiction of issue (country, province or state)	Provide the incorporation number and jurisdiction of issue of the entity that is the beneficiary for each jurisdiction where the entity is incorporated. If the jurisdiction is a province or state: in Canada, the United States or Mexico, select the code from the list of options outside Canada, the United States or Mexico, provide the name of the province or state
Initiation: Registration number / Jurisdiction of issue (country, province or state) Final receipt: † Registration number / Jurisdiction of issue (country, province or state)	Provide the registration number and jurisdiction of issue of the entity that is the beneficiary for each jurisdiction where the entity is registered. If the jurisdiction is a province or state: in Canada, the United States or Mexico, select the code from the list of options outside Canada, the United States or Mexico, provide the name of the province or state For Canadian entities, a registration number can include the 9-digit business number assigned to that entity by the Canada Revenue Agency (CRA).

Identification of the entity beneficiary

Provide the following information that was used to verify the identity of the entity that is a beneficiary.

For some entities, this information may be the same as the registration or incorporation information.

Instructions for the fields under "Identification of the entity beneficiary"
Fields	Instructions
Initiation: Identifier type Final receipt: † Identifier type	Refer to Identification fields under "Standardized field instructions".
† If "Other", please specify	Same instructions (Identification fields)
Initiation: Number associated with identifier type Final receipt: † Number associated with identifier type	Same instructions (Identification fields)
Initiation: Jurisdiction of issue (country) Final receipt: † Jurisdiction of issue (country)	Same instructions (Identification fields)
Initiation: Jurisdiction of issue (province or state) (code) Final receipt: † Jurisdiction of issue (province or state) (code)	Same instructions (Identification fields)
Initiation: Jurisdiction of issue (province or state) (name) Final receipt: † Jurisdiction of issue (province or state) (name)	Same instructions (Identification fields)

Person authorized to bind the entity beneficiary or act with respect to the account (maximum 3)

Instructions for the fields under "Person authorized to bind the entity beneficiary or act with respect to the account"
Fields	Instructions
Initiation: Surname Final receipt: † Surname	Refer to Name fields under "Standardized field instructions".
Initiation: Given name Final receipt: † Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)

Account or reference information related to the electronic funds transfer

Provide the account or reference information as it relates to the electronic funds transfer

Instructions for the fields under "Account or reference related to the electronic funds transfer"
Fields	Instructions
†Reference number	If the transaction involved a reference number, provide it in this field. If the transaction involves an account at a financial entity, securities dealer or casino (account-based reporting entity), do not provide the account number information in this field—instead, provide that information in the account number field. For all other reporting entities, if you have an internal account number that is used as a reference number, then provide the internal account number in this field.
Other number related to reference number	Provide any other number related to the reference number as applicable.
Initiation: Financial institution number Final receipt: † Financial institution number	Instructions not specified
Initiation: Branch number Final receipt: † Branch number	Instructions not specified
† Account number	If the transaction involves an account at a financial entity, securities dealer or casino (account-based reporting entities), provide that account number. If you are not an account-based reporting entity (for example, a money services business), but the transaction involves an account at an account-based reporting entity (for example, a financial entity), provide that account number in this field.
Initiation: Account type Final receipt: † Account type	Instructions not specified
† If 'Other', please specify	Instructions not specified
Initiation: Account currency Final receipt: † Account currency	Instructions not specified
Date account opened	Instructions not specified

Account holder (person) of account above

Instructions for the fields under "Account holder (person) of account above"
Fields	Instructions
Initiation: Surname Final receipt: † Surname	Refer to Name fields under "Standardized field instructions".
Initiation: Given name Final receipt: † Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)

Account holder (entity) of account above

Instructions for the field under "Account holder (entity) of account above"
Field	Instructions
Initiation: Name of entity Final receipt: † Name of entity	Refer to Name fields under "Standardized field instructions".

On whose behalf beneficiary is to receive remittance

Provide all the information you have on the person or entity on whose behalf the beneficiary is to receive the remittance.

Instructions for the fields under "On whose behalf beneficiary is to receive remittance"
Fields	Instructions
‡ Is there a third party beneficiary for the electronic funds transfer payment?	Instructions not specified
Third party type	Select: Person if the third party is a person Entity if the third party is an entity

Person on whose behalf beneficiary is to receive remittance

Instructions for the fields under "Person on whose behalf beneficiary is to receive remittance"
Fields	Instructions
Initiation: Surname Final receipt: † Surname	Refer to Name fields under "Standardized field instructions".
Initiation: Given name Final receipt: † Given name	Same instructions (Name fields)
Other/Initial	Same instructions (Name fields)
Final receipt only: Alias	Same instructions (Name fields)
Final receipt only: Client number	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
Street address	Same instructions (Address fields)
City	Same instructions (Address fields)
District	Same instructions (Address fields)
Country	Same instructions (Address fields)
Province or state (code)	Same instructions (Address fields)
Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".
Final receipt only: Telephone number	Refer to Telephone number fields under "Standardized field instructions".
Final receipt only: Extension	Same instructions (Telephone number fields)
Final receipt only: Email address	Instructions not specified
Date of birth	Instructions not specified
Final receipt only: Country of residence	Enter the primary country of residence for the person. It can be the same or different from the country entered in the address section.
Occupation	Refer to Occupation/business fields under "Standardized field instructions".
Final receipt only: Name of employer	Same instructions (Occupation/business fields)

Identification of the person on whose behalf beneficiary is to receive remittance

Instructions for the fields under "Identification of the person on whose behalf beneficiary is to receive remittance"
Fields	Instructions
Identifier type	Refer to Identification fields under "Standardized field instructions".
† If "Other", please specify	Same instructions (Identification fields)
Number associated with identifier type	Same instructions (Identification fields)
Final receipt only: Jurisdiction of issue (country)	Same instructions (Identification fields)
Final receipt only: Jurisdiction of issue (province or state) (code)	Same instructions (Identification fields)
Final receipt only: Jurisdiction of issue (province or state) (name)	Same instructions (Identification fields)

Entity on whose behalf beneficiary is to receive remittance

Instructions for the fields under "Entity on whose behalf beneficiary is to receive remittance"
Fields	Instructions
Initiation: Name of entity Final receipt: † Name of entity	Refer to Name fields under "Standardized field instructions".
Final receipt only: Client number	Instructions not specified
Apartment/Room/Suite/Unit number	Refer to Address fields under "Standardized field instructions".
House/Building number	Same instructions (Address fields)
Street address	Same instructions (Address fields)
City	Same instructions (Address fields)
District	Same instructions (Address fields)
Country	Same instructions (Address fields)
Province or state (code)	Same instructions (Address fields)
Province or state (name)	Same instructions (Address fields)
Sub-province and/or sub-locality	Same instructions (Address fields)
Postal or zip code	Same instructions (Address fields)
Unstructured address details	Refer to Unstructured address fields under "Standardized field instructions".
Final receipt only: Telephone number	Refer to Telephone number fields under "Standardized field instructions".
Final receipt only: Extension	Same instructions (Telephone number fields)
Final receipt only: Email address	Instructions not specified
Nature of entity's principal business	Refer to Occupation/business fields under "Standardized field instructions".
‡ Do you have incorporation or registration information?	Instructions not specified
Incorporated or registered?	Instructions not specified
Incorporation number / Jurisdiction of issue (country, province or state)	Provide the incorporation number and jurisdiction of issue of the entity for each jurisdiction where the entity is incorporated. If the jurisdiction is a province or state: in Canada, the United States or Mexico, select the code from the list of options outside Canada, the United States or Mexico, provide the name of the province or state
Registration number / Jurisdiction of issue (country, province or state)	Provide the registration number and jurisdiction of issue of the entity for each jurisdiction where the entity is registered. If the jurisdiction is a province or state: in Canada, the United States or Mexico, select the code from the list of options outside Canada, the United States or Mexico, provide the name of the province or state For Canadian entities, a registration number can include the 9-digit business number assigned to that entity by the Canada Revenue Agency (CRA).

Identification of the entity on whose behalf beneficiary is to receive remittance

Provide the information that was used to verify the identity of the entity on whose behalf beneficiary is to receive remittance.

For some entities, this information may be the same as the registration or incorporation information.

Instructions for the fields under "Identification of the entity on whose behalf beneficiary is to receive remittance"
Fields	Instructions
Identifier type	Refer to Identification fields under "Standardized field instructions".
† If "Other", please specify	Same instructions (Identification fields)
Number associated with identifier type	Same instructions (Identification fields)
Final receipt only: Jurisdiction of issue (country)	Same instructions (Identification fields)
Final receipt only: Jurisdiction of issue (province or state) (code)	Same instructions (Identification fields)
Final receipt only: Jurisdiction of issue (province or state) (name)	Same instructions (Identification fields)

Person authorized to bind the entity on whose behalf beneficiary is to receive remittance (maximum 3)

Instructions for the fields under "Person authorized to bind the entity on whose behalf beneficiary is to receive remittance"
Fields	Instructions
Final receipt only: Surname	Refer to Name fields under "Standardized field instructions".
Final receipt only: Given name	Same instructions (Name fields)
Final receipt only: Other/Initial	Same instructions (Name fields)

Relationship of the third party name above to the beneficiary

Instructions for the fields under "Relationship of the third party name above to the beneficiary
Fields	Instructions
Initiation: Relationship Final receipt: † Relationship	Select the relationship from the list of options.
†If "Other", please specify	Instructions not specified

Additional payment information fields (for SWIFT messages)

Instructions for the fields under "Additional payment information fields (for SWIFT messages)"
Fields	Instructions
Field name	Instructions not specified
Value for field	Instructions not specified

Annex B: Initiation scenarios

The following scenarios demonstrate form completion and the expected field information in an Electronic Funds Transfer Report (initiation) based on the client's instructions and transaction(s) in each scenario.

Note:

For these scenarios, please note the following:
- Not all fields of the Electronic Funds Report form are displayed.
- Only fields with completed information are displayed.
- If a field is completed and displayed, it was assumed that the reporting entity had the information and therefore reported it.
- If a field has not been displayed, it means:
- the reporting entity did not have the information for that field or
- that field was not applicable for that scenario
For electronic funds transfer scenarios related to the 24-hour rule, refer to:
- Annex B of Reporting transactions to FINTRAC: The 24-hour rule

In this annex

Scenario B.1: Initiation with single transaction (entity to entity)
Scenario B.2: Initiation with multiple transactions (person to person)

Scenario B.1: Initiation with single transaction (entity to entity)

Scenario

Company C, a company in Canada, needs to transfer $10,000 USD to Company U, a company in the United States, to pay for the purchase of goods. The details of this transfer are as follows:

Sumo Orange, an employee of Company C, is authorized to initiate electronic funds transfers on the account for Company C.
Sumo Orange logs in online and requests a transfer of $10,000 USD from Company C's account at Bank C in Canada to Company U's account at Bank U in the United States.
Bank C did not have a source of funds for this transfer. Although the funds are withdrawn from Company C's account to initiate this transfer, the account is not the "source of funds" for reporting purposes. The source of funds is the person or entity that originally provided the funds that were deposited into the account, and that was subsequently used to initiate the transfer.
The SWIFT network was used to send this transfer.

Expected field information in the report that is submitted by Bank C

Bank C submits an Electronic Funds Transfer Report (initiation) with the following information.

General information – Scenario B.1

"General information about Bank C"
Fields	Information provided by Bank C
* Reporting entity number	1234567
‡ Reporting entity report reference number	EFT15137-2168516
* Activity sector	Bank
Contact information for this report	Information about the person at Bank C that FINTRAC can liaise with in the event that a follow up is required
‡ Electronic funds transfer direction	Initiation
‡ Aggregation type	Not applicable
‡ 24-hour period start date and time	2024-10-31T00:00:00-03:00
‡24-hour period end date and time	2024-10-31T23:59:59-03:00

Transactional information – Scenario B.1

"Transactional information"
Fields	Information provided by Bank C
* Electronic funds transfer type	SWIFT
* Date and time of transaction	2024-10-31T12:09:55-03:00
* Amount	10,000
* Currency	USD
‡ Threshold indicator	Above threshold
‡ Reporting entity transaction reference number	EFT20241031-092
‡ Have you applied a regulatory exception to this transaction?	No

"Source of funds involved at initiation"
Fields	Information provided by Bank C
‡ Was information about the source (person/entity) of funds obtained?	No

"Requester"
Fields	Information provided by Bank C
‡ Requester type	Person
† Surname	Orange
† Given name	Sumo
Client number	1321813
Apartment/Room/Suite/Unit number	Apt 1B
House/Building number	234
† Street address	Pine Street
† City	Calgary
† Country	Canada
† Province or state (code):	AB
Postal or zip code	A1A 1A1
Telephone number	342-513-8132
Email address	sumo.orange@CompanyC.ca
† Date of birth	1976-01-01
Country of residence	Canada
† Occupation	Assistant to the Treasury Manager
Name of employer	Company C
† Identifier type	Drivers License
† Number associated with identifier type	AB1327951321
† Jurisdiction of issue (country)	Canada
† Jurisdiction of issue (province or state)(code):	AB

"Account or reference information related to the electronic funds transfer"
Fields	Information provided by Bank C
† Financial institution number	99 (This is Bank C's financial institution number.)
† Branch number	12345 (This is Bank C's branch number – the branch where Company C's bank account is held.)
† Account number	7654321 (This is the Company C's account number at Bank C.)
† Account type	Business
† Account currency	USD
Date account opened	2010-01-01

"Account holder of account above"
Fields	Information provided by Bank C
† Name of entity	Company C

"Information about requesting the transaction online"
Fields	Information provided by Bank C
Type of device used	Computer / Laptop
Username	companyC-SO
Device identifier number type	00:00:5e:00:53:af
Internet protocol address	142.116.1.15
Date and time of online session in which request is made	2024-10-31T:12:09:55-03:00

"Account holder if different from the requester"
Fields	Information provided by Bank C
‡ Were the funds withdrawn from an account not held by the requestor?	Yes
Account holder type	Business
† Name of entity	Company C
Client number	1321811
Apartment/Room/Suite/Unit number	Suite 2000
House/Building number	900
† Street address	Main Street
† City	Calgary
† Country	Canada
† Province or state (code):	AB
Postal or zip code	A1A 1A9
Telephone number	324-192-8432
† Nature of entity's principal business:	Agricultural equipment supplier
‡ Do you have incorporation or registration information?	Yes
Incorporated or registered?	Incorporated and registered
† Incorporation number	AB4321234
† Jurisdiction of issue (country) of incorporation	Canada
† Jurisdiction of issue (province or state) of incorporation (code)	AB
† Registration number	RN87321987321
† Jurisdiction of issue (country) of registration	Canada
† Jurisdiction of issue (province or state) of registration (code)	AB
† Identifier type	Certificate of incorporation
† Number associated with identifier type	AB4321234
† Jurisdiction of issue (country)	Canada
† Jurisdiction of issue (province or state)(code):	AB

"Person authorized to bind the entity who is the account holder if different from the requester – Person 1 (maximum 3)"
Fields	Information provided by Bank C
† Surname	Orange
† Given name	Sumo

"Person authorized to bind the entity who is the account holder if different from the requester – Person 2 (maximum 3)"
Fields	Information provided by Bank C
† Surname	Farmer
† Given name	Jim

"Person authorized to bind the entity who is the account holder if different from the requester – Person 3 (maximum 3)"
Fields	Information provided by Bank C
† Surname	Rancher
† Given name	Pearl

"Relationship of the account holder above to the requester"
Fields	Information provided by Bank C
† Relationship	Employer

"On whose behalf the initiation of the electronic funds transfer is requested"
Fields	Information provided by Bank C
‡ Was the initiation of the electronic funds transfer requested on behalf of another person or entity?	Yes
Who was the initiation of the electronic funds transfer requested on behalf of?	Entity
† Name of entity	Company C
Client number	1321811
Apartment/Room/Suite/Unit number	Suite 2000
House/Building number	900
Street address	Main Street
City	Calgary
Country	Canada
Province or state (code):	AB
Postal or zip code	A1A 1A9
Telephone number	324-192-8432
Nature of entity's principal business:	Agricultural equipment supplier
‡ Do you have incorporation or registration information?	Yes
Incorporated or registered?	Incorporated and registered
Incorporation number	AB4321234
Jurisdiction of issue (country) of incorporation	Canada
Jurisdiction of issue (province or state) of incorporation (code)	AB
Registration number	RN87321987321
Jurisdiction of issue (country) of registration	Canada
Jurisdiction of issue (province or state) of registration (code)	AB
Identifier type	Certificate of incorporation
Number associated with identifier type	AB4321234
Jurisdiction of issue (country)	Canada
Jurisdiction of issue (province or state)(code):	AB

"Person authorized to bind the entity on whose behalf the initiation of the electronic funds transfer is requested – Person 1 (maximum 3)"
Fields	Information provided by Bank C
Surname	Orange
Given name	Sumo

"Person authorized to bind the entity on whose behalf the initiation of the electronic funds transfer is requested – Person 2 (maximum 3)"
Fields	Information provided by Bank C
Surname	Farmer
Given name	Jim

"Person authorized to bind the entity on whose behalf the initiation of the electronic funds transfer is requested – Person 3 (maximum 3)"
Fields	Information provided by Bank C
Surname	Rancher
Given name	Pearl

"Relationship of the entity named above to the requester"
Fields	Information provided by Bank C
† Relationship	Employer

"Person or entity that initiates the electronic funds transfer"
Fields	Information provided by Bank C
‡ Initiator type	Entity
† Name of entity	Bank C
† Bank identification code or business entity identifier	BNKCCACAL
† Reporting entity location number	999
Apartment/Room/Suite/Unit number	Suite 10
House/Building number	889
† Street address	Front Street
† City	Calgary
† Country	Canada
† Province or state (code):	AB
Postal or zip code	A2A 1A9

"Sender of electronic funds transfer that was initiated by another person or entity"
Fields	Information provided by Bank C
‡ Are there additional parties sending this electronic funds transfer?	No

"Person or entity involved in effecting electronic funds transfer that is a SWIFT message"
Fields	Information provided by Bank C
† Are there additional parties involved in effecting the electronic funds transfer that is a SWIFT message?	No

"Person or entity that finally receives or is to finally receive the electronic funds transfer"
Fields	Information provided by Bank C
‡ Receiver type	Entity
† Name of entity	Bank U
† Bank identification code or business entity identifier	BNKUUSNYC
House/Building number	1
† Street address	Wall Street
† City	New York City
† Country	USA
† Province or state (code):	NY
Postal or zip code	10005

"Involved in disposition"
Fields	Information provided by Bank C
‡ Was there any other person or entity involved in the disposition?	No

"Beneficiary information"
Fields	Information provided by Bank C
‡ Beneficiary type	Entity
† Name of entity	Company U
House/Building number	234
Street address	5^th Avenue
City	New York City
Country	USA
Province or state (code):	NY
Postal or zip code	10073
‡ Do you have incorporation or registration information?	No

"Account or reference information related to the electronic funds transfer"
Fields	Information provided by Bank C
† Account number	888732735 (This is Company U's account number at Bank U.)

"On whose behalf beneficiary is to receive remittance"
Fields	Information provided by Bank C
† Is there a third party beneficiary for the electronic funds transfer payment?	No

Infographic summarizing scenario B.1

Illustration of details of the initiation of a single electronic funds transfer transaction from one entity to another entity.

View text equivalent for the infographic summarizing scenario B.1

Company C, a company in Canada, needs to transfer $10,000 USD to Company U, a company in the United States, to pay for the purchase of goods. The details of this transfer are as follows:

Sumo Orange, an employee of Company C, is authorized to initiate electronic funds transfers on the account for Company C.
Sumo Orange logs in online and requests a transfer of $10,000 USD from Company C's account at Bank C in Canada to Company U's account at Bank U in the United States.
Bank C did not have a source of funds for this transfer. Although the funds are withdrawn from Company C's account to initiate this transfer, the account is not the "source of funds" for reporting purposes. The source of funds is the person or entity that originally provided the funds that were deposited into the account, and that was subsequently used to initiate the transfer.
The SWIFT network was used to send this transfer.

Scenario B.2: Initiation with multiple transactions (person to person)

Scenario

Giant Green goes to Money Movers Inc. (a money services business in Canada) with $9,000 CAD in cash and requests to transfer this amount to Bright Yellow in Germany. Giant Green provides the following information to Money Movers Inc.:

Source of cash was Griffin Grey because Griffin Grey had given $9,000 cash to Giant Green to pay for artwork
Giant Green is requesting this transfer on behalf of his daughter, Pale Green
Pale Green and Bright Yellow are friends
Bright Yellow deals with Bank G in Germany

Later the same day, Pale Green goes to a different location of Money Movers Inc. in Canada and requests to transfer $7,000 CAD to Bright Yellow in Germany. Pale Green provides the following information to Money Movers Inc.:

Bright Yellow deals with Bank G in Germany
Pale Green will pay for this transfer using her debit card

Money Movers Inc.:

uses Bank C in Canada to send electronic funds transfers going to Europe
has conducted previous transactions for Giant Green and Pale Green, who are both clients of Money Movers Inc.
is not aware if the SWIFT network was used to send these transfers.

Expected field information in the report that is submitted by Money Movers Inc.

Money Movers Inc. submits an Electronic Funds Transfer Report (initiation) with the following information.

General information – Scenario B.2

"General information about Money Movers Inc."
Fields	Information provided by Money Movers Inc.
* Reporting entity number	2345678
‡ Reporting entity report reference number	MSB8138-12135
* Activity sector	Money services business
Contact information for this report	Information about the person at Money Movers Inc. that FINTRAC can liaise with in the event that a follow up is required
‡ Electronic funds transfer direction	Initiation
‡ Aggregation type	Beneficiary
‡ 24-hour period start date and time	2024-10-31T00:00:00-03:00
‡24-hour period end date and time	2024-10-31T23:59:59-03:00

Transactional information – Scenario B.2

"Transactional information"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
* Electronic funds transfer type	Non-SWIFT	Non-SWIFT
* Date and time of transaction	2024-10-31T12:09:55-03:00	2024-10-31T12:58:55-03:00
* Amount	9,000	7,000
* Currency	CAD	CAD
‡ Threshold indicator	Below threshold	Below threshold
‡ Reporting entity transaction reference number	MSB8138-12135-01	MSB8138-12135-02
‡ Have you applied a regulatory exception to this transaction? Reporting entity location number	No	No

"For money services business and foreign money services business only"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
Question 1 † As the initiator of this transaction, are you also the final receiver for this transaction?	No	No
Question 2 † Are the funds finally received within your business?	No	No
† (If yes to questions 1 and 2) What is the requester's residential status?
† (If yes to questions 1 and 2) What is the beneficiary's residential status?
Question 3 † Is the requester moving funds into or out of Canada?	Out of Canada	Out of Canada

"Source of funds involved at initiation"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
‡ Was information about the source (person/entity) of funds obtained?	Yes	No
How were the funds obtained?	Cash from Sale of art	[Field left blank because not applicable]
Surname	Grey	[Field left blank because not applicable]
Given name	Griffin	[Field left blank because not applicable]

"Requester"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
‡ Requester type	Person	Person
† Surname	Green	Green
† Given name	Giant	Pale
Client number	2138762	2139521
House/Building number	881	881
† Street address	Oak Street	Oak Street
† City	Winnipeg	Winnipeg
† Country	Canada	Canada
† Province or state (code):	MB	MB
Postal or zip code	R3R 4Y2	R3R 4Y2
Telephone number	204-598-6321	204-598-6321
Email address	g.green@email.ca	p.green@email.ca
† Date of birth	1980-01-01	2001-01-02
Country of residence	Canada	Canada
† Occupation	Painter	Student at the University of Winnipeg
Name of employer	Colorful Painting Company	[Field left blank because not applicable]
† Identifier type	Drivers License	Passport
† Number associated with identifier type	MB1234567	CAN12345
† Jurisdiction of issue (country)	Canada	Canada
† Jurisdiction of issue (province or state)(code):	MB	[Field left blank because not applicable]

"Account or reference information related to the electronic funds transfer"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
† Reference number	MSB21321981	MSB21321995

"Account holder if different from the requester"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
‡ Were the funds withdrawn from an account not held by the requestor?	No	No

"On whose behalf the initiation of the electronic funds transfer is requested"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
‡ Was the initiation of the electronic funds transfer requested on behalf of another person or entity?	Yes	No
Who was the initiation of the electronic funds transfer requested on behalf of?	Person	[Field left blank because not applicable]
† Surname	Green	[Field left blank because not applicable]
† Given name	Pale	[Field left blank because not applicable]
Client number	2139521	[Field left blank because not applicable]
House/Building number	881	[Field left blank because not applicable]
Street address	Oak Street	[Field left blank because not applicable]
City	Winnipeg	[Field left blank because not applicable]
Country	Canada	[Field left blank because not applicable]
Province or state (code):	MB	[Field left blank because not applicable]
Postal or zip code	R3R 4Y2	[Field left blank because not applicable]
Telephone number	204-598-6321	[Field left blank because not applicable]
Email address	p.green@email.ca	[Field left blank because not applicable]
Date of birth	2000-01-02	[Field left blank because not applicable]
Country of residence	Canada	[Field left blank because not applicable]
Occupation	Student at University of Winnipeg	[Field left blank because not applicable]
Identifier type	Passport	[Field left blank because not applicable]
Number associated with identifier type	CAN12345	[Field left blank because not applicable]
Jurisdiction of issue (country)	Canada	[Field left blank because not applicable]

"Relationship of the person named above to the requester"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
† Relationship	Relative	[Field left blank because not applicable]

"Person or entity that initiates the electronic funds transfer"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
‡ Initiator type	Entity	Entity
† Name of entity	Money Movers Inc.	Money Movers Inc.
† Reporting entity location number	1150	1151
House/Building number	100	500
† Street address	Main Street	Red River Road
† City	Winnipeg	Winnipeg
† Country	Canada	Canada
† Province or state (code):	MB	MB
Postal or zip code	R1M 2Y3	R5K 1A5

"Sender of the electronic funds transfer that was initiated by another person or entity"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
‡ Are there additional parties sending this electronic funds transfer?	Yes	Yes
† Sender type	Entity	Entity
† Name of entity	Bank C	Bank C
† Bank identification code or business entity identifier	BNKCCACAL	BNKCCACAL
Apartment/Room/Suite/Unit number	Suite 10	Suite 10
House/Building number	889	889
† Street address	Front Street	Front Street
† City	Calgary	Calgary
† Country	Canada	Canada
† Province or state (code):	AB	AB
Postal or zip code	A2A 1A9	A2A 1A9

"Relationship of the person or entity named above to the person or entity that initiates the electronic funds transfer"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
Relationship	Sending institution	Sending institution

"Person or entity that finally receives or is to finally receive the electronic funds transfer"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
‡ Receiver type	Entity	Entity
† Name of entity	Bank G	Bank G
† Bank identification code or business entity identifier	BNKUGRBER	BNKUGRBER
House/Building number	900	900
† Street address	Mein Road	Mein Road
† City	Berlin	Berlin
† Country	Germany	Germany
† Province or state (name):	Brandenburg	Brandenburg

"Beneficiary information"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
‡ Beneficiary type	Person	Person
† Surname	Yellow	Yellow
† Given name	Bright	Bright
Street address	Theaterplatz 2	Theaterplatz 2
City	Dresden	Dresden
Country	Germany	Germany
Province or state (name):	Saxony	Saxony
Postal or zip code	01067	01067

"Account or reference information related to the electronic funds transfer"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
† Account number	98-13215-87921321	98-13215-87921321

"On whose behalf beneficiary is to receive remittance"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2	Information provided by Money Movers Inc. for transaction 2 of 2
† Is there a third party beneficiary for the electronic funds transfer payment?	No	No

Infographic summarizing scenario B.2

Illustration of details of the initiation of multiple electronic funds transfer transactions from person to person.

View text equivalent for infographic summarizing scenario B.2

Source of cash was Griffin Grey because Griffin Grey had given $9,000 cash to Giant Green to pay for artwork
Giant Green is requesting this transfer on behalf of his daughter, Pale Green
Pale Green and Bright Yellow are friends
Bright Yellow deals with Bank G in Germany

Bright Yellow deals with Bank G in Germany
Pale Green will pay for this transfer using her debit card

Money Movers Inc.:

uses Bank C in Canada to send electronic funds transfers going to Europe
has conducted previous transactions for Giant Green and Pale Green, who are both clients of Money Movers Inc.
is not aware if the SWIFT network was used to send these transfers.

Annex C: Final receipt scenarios

The following scenarios demonstrate form completion and the expected field information in an Electronic Funds Transfer Report (final receipt) based on the client's instructions and transaction(s) in each scenario.

Note:

For these scenarios, please note the following:
- Not all fields of the Electronic Funds Report form are displayed.
- Only fields with completed information are displayed.
- If a field is completed and displayed, it was assumed that the reporting entity had the information and therefore reported it.
- If a field has not been displayed, it means:
- the reporting entity did not have the information for that field or
- that field was not applicable for that scenario
For electronic funds transfer scenarios related to the 24-hour rule, refer to:
- Annex B of Reporting transactions to FINTRAC: The 24-hour rule

In this annex

Scenario C.1: Final receipt with intermediaries (entity to person)
Scenario C.2: Final receipt with multiple transactions (person to entity)

Scenario C.1: Final receipt with intermediaries (entity to person)

Scenario

Gaming Corporation MX goes to its bank, Bank M in Mexico, and requests a transfer of 25,000 EUR to Maroon Red in Canada. The details of this transfer are as follows:

the funds are sent and deposited into Maroon Red's CAD account at Bank C in Canada, an account jointly held by Maroon Red and Velvet Red
Maroon Red is receiving the funds on behalf of his son, Bright Red
for any transfers to Canada, Bank M uses an intermediary bank in France (Bank F)
this transfer was sent via a non-SWIFT network

Expected field information in the report that is submitted by Bank C.

Bank C submits an Electronic Funds Transfer Report (final receipt) with the following information.

General information – Scenario C.1

"General information about Bank C"
Fields	Information provided by Bank C
* Reporting entity number	1234567
‡ Reporting entity report reference number	EFT15137-2168517
* Activity sector	Bank
Contact information for this report	Information about the person at Bank C that FINTRAC can liaise with in the event that a follow up is required
‡ Electronic funds transfer direction	Final receipt
‡ Aggregation type	Not applicable
‡ 24-hour period start date and time	2024-10-31T00:00:00-04:00
‡24-hour period end date and time	2024-10-31T23:59:59-04:00

Transactional information – Scenario C.1

"Transactional information"
Fields	Information provided by Bank C
* Electronic funds transfer type	Non-SWIFT
* Date and time of transaction	2024-10-31T12:10:55-04:00
* Amount	25,000
* Currency	EUR
‡ Threshold indicator	Above threshold
‡ Reporting entity transaction reference number	EFT20241031-093
‡ Have you applied a regulatory exception to this transaction? Reporting entity location number	No

"Source of funds involved at initiation"
Fields	Information provided by Bank C
‡ Was information about the source (person/entity) of funds obtained?	No

"Requester"
Fields	Information provided by Bank C
‡ Requester type	Entity
† Name of entity	Gaming Corporation MX
House/Building number	981
† Street address	Main Street
† City	Mexico City
† Country	Mexico
† Province or state (code):	OA
Postal or zip code	81222
Telephone number	18008130215
‡ Do you have incorporation or registration information?	No

"Account or reference information related to the electronic funds transfer"
Fields	Information provided by Bank C
† Account number	MX60 X054 2811 1010 0000 0123 456

"Account holder if different from the requester"
Fields	Information provided by Bank C
‡ Were the funds withdrawn from an account not held by the requester?	No

"On whose behalf the initiation of the electronic funds transfer is requested"
Fields	Information provided by Bank C
‡ Was the initiation of the electronic funds transfer requested on behalf of another person or entity?	No

"Person or entity that initiates the electronic funds transfer"
Fields	Information provided by Bank C
‡ Initiator type	Entity
† Name of entity	Bank M
† Bank identification code or business entity identifier	BNKMXEOA
House/Building number	22
† Street address	Bank Street
† City	Mexico City
† Country	Mexico
† Province or state (code):	OA
Postal or zip code	81221

"Sender of electronic funds transfer that was initiated by another person or entity"
Fields	Information provided by Bank C
‡ Are there additional parties sending this electronic funds transfer?	Yes
† Sender type	Entity
† Name of entity	Bank F
† Bank identification code or business entity identifier	BNKFRPAR
House/Building number	999
† Street address	Main Street
† City	Paris
† Country	France
Sub-province and/or sub-locality	Provence
Postal or zip code	41257

"Relationship of the person or entity named above to the person or entity that initiates the electronic funds transfer"
Fields	Information provided by Bank C
Relationship	Intermediary Institution

"Person or entity that finally receives or is to finally receive the electronic funds transfer"
Fields	Information provided by Bank C
‡ Receiver type	Entity
† Name of entity	Bank C
* Bank identification code or business entity identifier	BNKCCACAL
* Reporting entity location number	999
Apartment/Room/Suite/Unit number	Suite 10
House/Building number	889
* Street address	Front Street
* City	Calgary
* Country	Canada
* Province or state (code):	AB
Postal or zip code	A2A 1A9

"Disposition information"
Fields	Information provided by Bank C
* Details of disposition	Deposit to an account
* Amount	36,753.30
Currency	CAD
Exchange rate	1.47

"Involved in disposition"
Fields	Information provided by Bank C
‡ Was there any other person or entity involved in the disposition?	No

"Beneficiary information"
Fields	Information provided by Bank C
‡ Beneficiary type	Person
† Surname	Red
† Given name	Maroon
Client number	4888773
House/Building number	555
† Street address	Oak Street
† City	Victoria
† Country	Canada
† Province or state (code):	BC
Postal or zip code	V6G 0G1
Telephone number	250-121-7582
Email address	maroon.red@gmail.com
Date of birth	1985-02-01
Country of residence	Canada
Occupation	Colour specialist
Name of employer	Crayola
† Identifier type	Passport
† Number associated with identifier type	CAN123123
† Jurisdiction of issue (country)	Canada

"Account or reference information related to the electronic funds transfer"
Fields	Information provided by Bank C
Financial institution number	99 (This is Bank C's financial institution number.)
Branch number	12345 (This is Bank C's branch number – the branch where Maroon Red's bank account is held.)
† Account number	7654322 (This is Maroon Red's account number at Bank C.)
Account type	Personal
Account currency	CAD
Date account opened	2000-09-09

"Account holder 1 of 2"
Fields	Information provided by Bank C
Surname	Red
Given name	Maroon

"Account holder 2 of 2"
Fields	Information provided by Bank C
Surname	Red
Given name	Velvet

"On whose behalf the beneficiary is to receive remittance"
Fields	Information provided by Bank C
‡ Is there a third party beneficiary for the electronic funds transfer payment?	Yes
Third party type	Person
† Surname	Red
† Given name	Bright
Client number	68132843
House/Building number	555
Street address	Oak Street
City	Victoria
Country	Canada
Province or state (code):	BC
Postal or zip code	V6G 0G1
Telephone number	250-121-7852
Email address	bright.red@email.ca
Date of birth	2010-10-10
Country of residence	Canada
Occupation	Unemployed
Identifier type	Passport
Number associated with identifier type	CAN789789
Jurisdiction of issue (country)	Canada

"Relationship of the third party named above to the beneficiary"
Fields	Information provided by Money Movers Inc. for transaction 1 of 2
† Relationship	Relative

Infographic summarizing scenario C.1

Illustration of details of the final receipt of an electronic funds transfer transaction with intermediaries from entity to person.

View text equivalent for infographic summarizing scenario C.1

Gaming Corporation MX goes to its bank, Bank M in Mexico, and requests a transfer of 25,000 EUR to Maroon Red in Canada. The details of this transfer are as follows:

the funds are sent and deposited into Maroon Red's CAD account at Bank C in Canada, an account jointly held by Maroon Red and Velvet Red
Maroon Red is receiving the funds on behalf of his son, Bright Red
for any transfers to Canada, Bank M uses an intermediary bank in France (Bank F)
this transfer was sent via a non-SWIFT network

Scenario C.2: Final receipt with intermediaries (person to entity)

Scenario

Ruby Red goes to her bank, Bank I in Italy, and requests a transfer of 20,000 USD to Big Canadian Business in Canada. The details of this transfer are as follows:

Big Canadian Business is a client of Money Movers Inc., a money services business in Canada
the transfer instructions indicate that the Big Canadian Business is the beneficiary
the transfer instructions indicate that Ruby Red is the requester
Bank I does not have a direct relationship with Money Movers Inc. and therefore sends a SWIFT transfer to Bank C in Canada
before the transfer reaches Bank C, the transfer flows through a correspondent, Bank U, in the United States
when Bank C receives the transfer, it deposits the amount into Money Movers Inc.'s account
Money Movers Inc. informs Big Canadian Business that a USD cheque for the transfer amount is available.
Big Canadian Business sends Sunny Red to Money Movers Inc. to pick up the cheque
Money Movers Inc. is aware that the SWIFT network was used to send this electronic funds transfer.

Expected field information in the report that is submitted by Money Movers Inc.

Money Movers Inc. submits an Electronic Funds Transfer Report (final receipt) with the following information.

General information – Scenario C.2

"General information about Money Movers Inc."
Fields	Information provided by Money Movers Inc.
* Reporting entity number	7654321
‡ Reporting entity report reference number	EFT999-246801
* Activity sector	Money services business
Contact information for this report	Information about the person at Money Movers Inc. that FINTRAC can liaise with in the event that a follow up is required
‡ Electronic funds transfer direction	Final receipt
‡ Aggregation type	Not applicable
‡ 24-hour period start date and time	2024-10-31T00:00:00-03:00
‡24-hour period end date and time	2024-10-31T23:59:59-03:00

Transactional information – Scenario C.2

"Transactional information"
Fields	Information provided by Money Movers Inc.
* Electronic funds transfer type	SWIFT
* Date and time of transaction	2024-10-31T12:11:50-03:00
* Amount	20,000
* Currency	USD
‡ Threshold indicator	Above threshold
‡ Reporting entity transaction reference number	EFT20241031-201
‡ Have you applied a regulatory exception to this transaction?	No

"For money services business and foreign money services business only"
Fields	Information provided by Money Movers Inc.
Question 1 † As the final receiver of this transaction, are you also the initiator for this transaction?	No
Question 2 † Is the transfer of funds initiated from your business?	No
† (If yes to questions 1 and 2) What is the requester's residential status?
† (If yes to questions 1 and 2) What is the beneficiary's residential status?
Question 3 † Is the requester moving funds into or out of Canada?	Into Canada

"Source of funds involved at initiation"
Fields	Information provided by Money Movers Inc.
‡ Was information about the source (person/entity) of funds obtained?	No

"Requester"
Fields	Information provided by Money Movers Inc.
‡ Requester type	Person
† Surname	Red
† Given name	Ruby
† Street address	710A via della Spiga
† City	Milan
† Country	Italy
† Province or state (name):	Lombardy
Postal or zip code	20085
Telephone number	+39 0288 541
Extension	11

"Account or reference information related to the electronic funds transfer"
Fields	Information provided by Money Movers Inc.
† Account number	IT60 X054 2811 1010 0000 0123 456

"Account holder if different from the requester"
Fields	Information provided by Money Movers Inc.
‡ Were the funds withdrawn from an account not held by the requester?	No

"On whose behalf the initiation of the electronic funds transfer is requested"
Fields	Information provided by Money Movers Inc.
‡ Was the initiation of the electronic funds transfer requested on behalf of another person or entity?	No

"Person or entity that initiates the electronic funds transfer"
Fields	Information provided by Money Movers Inc.
‡ Initiator type	Entity
† Name of entity	Bank I
† Bank identification code or business entity identifier	BNKIITMM
† Country	Italy
Unstructured address details	Viale Fulvio Testi, 300 20126 Milano MI, Italy

"Sender of electronic funds transfer that was initiated by another person or entity"
Fields	Information provided by Money Movers Inc.
‡ Are there additional parties sending this electronic funds transfer?	Yes
† Sender type	Entity
† Name of entity	Bank C
† Bank identification code or business entity identifier	BNKCCACAL
Apartment/Room/Suite/Unit number	Suite 10
House/Building number	889
† Street address	Front Street
† City	Calgary
† Country	Canada
† Province or state (code):	AB
Postal or zip code	A2A 1A9

"Relationship of the person or entity named above to the person or entity that finally receives or is to finally receive the electronic funds transfer"
Fields	Information provided by Money Movers Inc.
Relationship	Receiving institution

Person or entity involved in effecting electronic funds transfer that is a SWIFT message"
Fields	Information provided by Money Movers Inc.
† Are there additional parties involved in effecting the electronic funds transfer that is a SWIFT message?	Yes
† Type of additional parties involved	Entity
† Name of entity	Bank U
† Bank identification code or business entity identifier	BNKUUSNYC
House/Building number	1
† Street address	Wall Street
† City	New York City
† Country	USA
† Province or state (code):	NY
Postal or zip code	1005

"Relationship of the person or entity named above to the person or entity that initiates the electronic funds transfer"
Fields	Information provided by Money Movers Inc.
Relationship	Sender's correspondent (MT-53a)

"Person or entity that finally receives or is to finally receive the electronic funds transfer"
Fields	Information provided by Money Movers Inc.
‡ Receiver type	Entity
† Name of entity	Money Movers Inc.
Identification number assigned to entity in respect of their electronic funds transfer activities	3218913
* Reporting entity location number	1150
House/Building number	100
* Street address	Main Street
* City	Winnipeg
* Country	Canada
* Province or state (code):	MB
Postal or zip code	R1M 2Y3

"Disposition information"
Fields	Information provided by Money Movers Inc.
* Details of disposition	Issued cheque
* Amount	20,000
Currency	USD

"Involved in disposition"
Fields	Information provided by Money Movers Inc.
‡ Was there any other person or entity involved in the disposition?	Yes
Surname	Red
Given name	Sunny

"Beneficiary information"
Fields	Information provided by Money Movers Inc.
‡ Beneficiary type	Entity
† Name of entity	Big Canadian Business
Client number	11124
House/Building number	555
† Street address	George Street
† City	St. John's
† Country	Canada
† Province or state (code):	NL
Postal or zip code	A1C 1M2
Telephone number	250-121-9999
Email address	contact@bigcdnbiz.ca
Nature of entity's principal business	Medical equipment manufacturer
‡ Do you have incorporation or registration information?	Yes
Incorporated or registered?	Incorporated
† Incorporation number	10123456-7
† Jurisdiction of issue (country) of incorporation	Canada
† Jurisdiction of issue (province or state) of incorporation (code)	NL
† Identifier type	Certificate of incorporation
† Number associated with identifier type	10123456-7
† Jurisdiction of issue (country)	Canada
† Jurisdiction of issue (province or state) of incorporation (code)	NL

"Person authorized to bind the entity or act with respect to the account (maximum 3)"
Fields	Information provided by Money Movers Inc.
† Surname	Red
† Given name	Inca

"Account or reference information related to the electronic funds transfer"
Fields	Information provided by Money Movers Inc.
† Reference number	MSB112138

Infographic summarizing scenario C.2

Illustration of details of the final receipt of an electronic funds transfer transaction with intermediaries from a person to an entity.

View text equivalent for infographic summarizing scenario C.2

Ruby Red goes to her bank, Bank I in Italy, and requests a transfer of 20,000 USD to Big Canadian Business in Canada. The details of this transfer are as follows:

Big Canadian Business is a client of Money Movers Inc., a money services business in Canada
the transfer instructions indicate that the Big Canadian Business is the beneficiary
the transfer instructions indicate that Ruby Red is the requester
Bank I does not have a direct relationship with Money Movers Inc. and therefore sends a SWIFT transfer to Bank C in Canada
before the transfer reaches Bank C, the transfer flows through a correspondent, Bank U, in the United States
when Bank C receives the transfer, it deposits the amount into Money Movers Inc.’s account
Money Movers Inc. informs Big Canadian Business that a USD cheque for the transfer amount is available.
Big Canadian Business sends Sunny Red to Money Movers Inc. to pick up the cheque
Money Movers Inc. is aware that the SWIFT network was used to send this electronic funds transfer.

Details and history

Published: June **, 2024

List of changes and updates
Date [YYYY-MM-DD]	Summary of changes
2024-06-**	Changes compared to "Archived – Guideline 8A: Submitting non-SWIFT Electronic Funds Transfer Reports to FINTRAC electronically", "Archived – Guideline 8B: Submitting SWIFT Electronic Funds Transfer Reports to FINTRAC", and "Archived – Guideline 8C: Submitting non-SWIFT Electronic Funds Transfer Reports to FINTRAC b paper Content changes to reflect the regulatory amendments that came into effect on June 1, 2021 (Schedules 2 and 3 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations) Inclusion of an annex to provide field descriptions/instructions for the completion of the Electronic Funds Transfer Report form that came into effect on June *** 21, 2024 Inclusion of annexes with reporting scenarios Reorganization and reformatting of content to ensure better readability and flow Using plain language, where possible, in order to enhance readability Minor adjustments to comply with Canada.ca Content Style Guide

For assistance

If you have questions about this guidance, please contact FINTRAC by email at guidelines-lignesdirectrices@fintrac-canafe.gc.ca.

Definitions

Accountant

A chartered accountant, a certified general accountant, a certified management accountant or, if applicable, a chartered professional accountant. (comptable)

Reference:
Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR), SOR/2002-184, s. 1(2).

Accounting firm

An entity that is engaged in the business of providing accounting services to the public and has at least one partner, employee or administrator that is an accountant. (cabinet d'expertise comptable)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Act

The Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). (la Loi)

Reference:
Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties Regulations (PCMLTFAMPR), SOR/2007-292, s. 1, Proceeds of Crime (Money Laundering) and Terrorist Financing Registration Regulations (PCMLTFRR), SOR/2007-121, s. 1, PCMLTFR, SOR/2002-184, s. 1(2), and Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Reporting Regulations (PCMLTFSTRR), SOR/2001-317, s. 1(2).

Administrative monetary penalties (AMPs)

Civil penalties that may be issued to reporting entities by FINTRAC for non-compliance with the PCMLTFA and associated Regulations. (pénalité administrative pécuniaire [PAP])

Affiliate

An entity is affiliated with another entity if one of them is wholly owned by the other, if both are wholly owned by the same entity or if their financial statements are consolidated. (entité du même groupe)

Reference:
PCMLTFR, SOR/2002-184, s. 4.

Annuity

Has the same meaning as in subsection 248(1) of the Income Tax Act. (rente)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

As soon as practicable

A time period that falls in-between immediately and as soon as possible, within which a suspicious transaction report (STR) must be submitted to FINTRAC. The completion and submission of the STR should take priority over other tasks. In this context, the report must be completed promptly, taking into account the facts and circumstances of the situation. While some delay is permitted, it must have a reasonable explanation. (aussitôt que possible)

Attempted transaction

Occurs when an individual or entity starts to conduct a transaction that is not completed. For example, a client or a potential client walks away from conducting a $10,000 cash deposit. (opération tentée)

Authentic

In respect of verifying identity, means genuine and having the character of an original, credible, and reliable document or record. (authentique)

Authorized person

A person who is authorized under subsection 45(2). (personne autorisée)

Reference:
Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), S.C. 2000, c 17, s. 2(1).

Authorized user

A person who is authorized by a holder of a prepaid payment product account to have electronic access to funds or virtual currency available in the account by means of a prepaid payment product that is connected to it. (utilisateur autorisé)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Beneficial owner(s)

Beneficial owners are the individuals who are the trustees, and known beneficiaries and settlors of a trust, or who directly or indirectly own or control 25% or more of i) the shares of a corporation or ii) an entity other than a corporation or trust, such as a partnership. The ultimate beneficial owner(s) cannot be another corporation or entity; it must be the actual individual(s) who owns or controls the entity. (bénéficiaire effectif)

Beneficiary

A beneficiary is the individual or entity that will benefit from a transaction or to which the final remittance is made. (bénéficiaire)

Branch

A branch is a part of your business at a distinct location other than your main office. (succursale)

British Columbia notary corporation

An entity that carries on the business of providing notary services to the public in British Columbia in accordance with the Notaries Act, R.S.B.C. 1996, c. 334. (société de notaires de la Colombie-Britannique)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

British Columbia notary public

A person who is a member of the Society of Notaries Public of British Columbia. (notaire public de la Colombie-Britannique)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Cash

Coins referred to in section 7 of the Currency Act, notes issued by the Bank of Canada under the Bank of Canada Act that are intended for circulation in Canada or coins or bank notes of countries other than Canada. (espèces)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2) and PCMLTFSTRR, SOR/2001-317, s. 1(2).

Casino

A government, organization, board or operator that is referred to in any of paragraphs 5(k) to (k.3) of the Act. (casino)

Reference:
PCMLTFR, SOR/2002-184, s 1(2) and PCMLTFSTRR, SOR/2001-317, s. 1(2).

Certified translator

An individual that holds the title of professional certified translator granted by a Canadian provincial or territorial association or body that is competent under Canadian provincial or territorial law to issue such certification. (traducteur agréé)

Clarification request

A clarification request is a method used to communicate with money services businesses (MSBs) or foreign money services businesses (FMSBs) when FINTRAC needs more information about their registration form. This request is usually sent by email. (demande de précisions)

Client

A person or entity that engages in a financial transaction with another person or entity. (client)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Client identification information

The identifying information that you have obtained on your clients, such as name, address, telephone number, occupation or nature of principal business, and date of birth for an individual. (renseignements d'identification du client)

Competent authority

For the purpose of the criminal record check submitted with an application for registration, a competent authority is any person or organization that has the legally delegated or invested authority, capacity, or power to issue criminal record checks. (autorité compétente)

Completed transaction

Is a transaction conducted by a person or entity, that is completed and results in the movement of funds, virtual currency, or the purchase or sale of an asset. (opération effectuée)

Completing action

With respect to a reportable transaction, information related to the instructions provided by the person or entity making the request to the reporting entity to complete a transaction. For example, an individual arrives at a bank and requests to purchase a bank draft. The completing action is the details of how the reporting entity fulfilled the person or entity’s instructions which led to the transaction being completed. This includes what the funds or virtual currency initially brought to the reporting entity was used for (see “disposition”). A transaction may have one or more completing actions depending on the instructions provided by the person or entity. (action d’achèvement)

Compliance officer

The individual, with the necessary authority, that you appoint to be responsible for the implementation of your compliance program. (agent de conformité)

Compliance policies and procedures

Written methodology outlining the obligations applicable to your business under the PCMLTFA and its associated Regulations and the corresponding processes and controls you put in place to address your obligations. (politiques et procédures de conformité)

Compliance program

All elements (compliance officer, policies and procedures, risk assessment, training program, effectiveness review) that you, as a reporting entity, are legally required to have under the PCMLTFA and its associated Regulations to ensure that you meet all your obligations. (programme de conformité)

Context

Clarifies a set of circumstances or provides an explanation of a situation or financial transaction that can be understood and assessed. (contexte)

Correspondent banking relationship

A relationship created by an agreement or arrangement under which an entity referred to in any of paragraphs 5(a), (b), (d),(e) and (e.1) or an entity that is referred to in section 5 and that is prescribed undertakes to provide to a prescribed foreign entity prescribed services or international electronic funds transfers, cash management or cheque clearing services. (relation de correspondant bancaire)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 9.4(3) and PCMLTFR, SOR/2002-184, s. 16(1)(b).

Country of residence

The country where an individual has lived continuously for 12 months or more. The individual must have a dwelling in the country concerned. For greater certainty, a person only has one country of residence no matter how many dwelling places they may have, inside or outside of that country. (pays de résidence)

Credit card acquiring business

A credit card acquiring business is a financial entity that has an agreement with a merchant to provide the following services:

enabling a merchant to accept credit card payments by cardholders for goods and services and to receive payments for credit card purchases;
processing services, payment settlements and providing point-of-sale equipment (such as computer terminals); and
providing other ancillary services to the merchant.

(entreprise d'acquisition de cartes de crédit)

Credit union central

A central cooperative credit society, as defined in section 2 of the Cooperative Credit Associations Act, or a credit union central or a federation of credit unions or caisses populaires that is regulated by a provincial Act other than one enacted by the legislature of Quebec. (centrale de caisses de crédit)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Crowdfunding platform

A website or an application or other software that is used to raise funds or virtual currency through donations. (plateforme de sociofinancement)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Crowdfunding platform services

The provision and maintenance of a crowdfunding platform for use by other persons or entities to raise funds or virtual currency for themselves or for persons or entities specified by them. (services de plateforme de sociofinancement)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Current

In respect of a document or source of information that is used to verify identity, is up to date, and, in the case of a government-issued photo identification document, must not have been expired when the ID was verified. (à jour)

Dealer in precious metals and stones

A person or entity that, in the course of their business activities, buys or sells precious metals, precious stones or jewellery. It includes a department or an agent of His Majesty in right of Canada or an agent or mandatary of His Majesty in right of a province when the department or the agent or mandatary carries out the activity, referred to in subsection 65(1), of selling precious metals to the public. (négociant en métaux précieux et pierres précieuses)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Deferred profit sharing plan

Has the same meaning as in subsection 248(1) of the Income Tax Act. (régime de participation différée aux bénéfices)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Deposit slip

A record that sets out:

(a) the date of the deposit;
(b) the name of the person or entity that makes the deposit;
(c) the amount of the deposit and of any part of it that is made in cash;
(d) the method by which the deposit is made; and
(e) the number of the account into which the deposit is made and the name of each account holder.

(relevé de dépôt)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Directing services

A business is directing services at persons or entities in Canada if at least one of the following applies:

The business's marketing or advertising is directed at persons or entities located in Canada;
The business operates a ".ca" domain name; or,
The business is listed in a Canadian business directory.

Additional criteria may be considered, such as if the business describes its services being offered in Canada or actively seeks feedback from persons or entities in Canada. (diriger des services)

Distributed ledger

For the purpose of section 151 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR), a digital ledger that is maintained by multiple persons or entities and that can only be modified by a consensus of those persons or entities. (registres distribués)

Reference:
PCMLTFR, SOR/2002-184, s. 151(2).

Disposition

With respect to a reportable transaction, the disposition is what the funds or virtual currency was used for. For example, an individual arrives at a bank with cash and purchases a bank draft. The disposition is the purchase of the bank draft. (répartition)

Electronic funds transfer

The transmission—by any electronic, magnetic or optical means—of instructions for the transfer of funds, including a transmission of instructions that is initiated and finally received by the same person or entity. In the case of SWIFT messages, only SWIFT MT-103 messages and their equivalent are included. It does not include a transmission or instructions for the transfer of funds:

(a) that involves the beneficiary withdrawing cash from their account;
(b) that is carried out by means of a direct deposit or pre-authorized debit;
(c) that is carried out by cheque imaging and presentment
(d) that is both initiated and finally received by persons or entities that are acting to clear or settle payment obligations between themselves; or
(e) that is initiated or finally received by a person or entity referred to in paragraphs 5(a) to (h.1) of the Act for the purpose of internal treasury management, including the management of their financial assets and liabilities, if one of the parties to the transaction is a subsidiary of the other or if they are subsidiaries of the same corporation.

(télévirement)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Employees profit sharing plan

Has the same meaning as in subsection 248(1) of the Income Tax Act. (régime de participation des employés aux bénéfices)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Entity

A body corporate, a trust, a partnership, a fund or an unincorporated association or organization. (entité)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Facts

Actual events, actions, occurrences or elements that exist or are known to have happened or existed. Facts are not opinions. For example, facts surrounding a transaction or multiple transactions could include the date, time, location, amount or type of transaction or could include the account details, particular business lines, or the client's financial history. (faits)

Family member

For the purposes of subsection 9.3(1) of the Act, a prescribed family member of a politically exposed foreign person, a politically exposed domestic person or a head of an international organization is:

(a) their spouse or common-law partner;
(b) their child;
(c) their mother or father;
(d) the mother or father of their spouse or common-law partner; or
(e) a child of their mother or father.

(membre de la famille)

Reference:
PCMLTFR, SOR/2002-184, s. 2(1).

Fiat currency

A currency that is issued by a country and is designated as legal tender in that country. (monnaie fiduciaire)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2) and PCMLTFSTRR, SOR/2001-317, s. 1(2).

Final receipt

In respect of an electronic funds transfer, means the receipt of the instructions by the person or entity that is to make the remittance to a beneficiary. (destinataire)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Financial entity

Means:

(a) an entity that is referred to in any of paragraphs 5(a), (b) and (d) to (f) of the Act;
(b) a financial services cooperative;
(c) a life insurance company, or an entity that is a life insurance broker or agent, in respect of loans or prepaid payment products that it offers to the public and accounts that it maintains with respect to those loans or prepaid payment products, other than:
1. (i) loans that are made by the insurer to a policy holder if the insured person has a terminal illness that significantly reduces their life expectancy and the loan is secured by the value of an insurance policy;
2. (ii) loans that are made by the insurer to the policy holder for the sole purpose of funding the life insurance policy; and
3. (iii) advance payments to which the policy holder is entitles that are made to them by the insurer;
(d) a credit union central when it offers financial services to a person, or to an entity that is not a member of that credit union central; and
(e) a department, or an entity that is an agent of His Majesty in right of Canada or an agent or mandatary of His Majesty in right of a province, when it carries out an activity referred to in section 76.

(entité financière)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Financial Action Task Force

The Financial Action Task Force on Money Laundering established in 1989. (Groupe d'action financière)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Financial services cooperative

A financial services cooperative that is regulated by an Act respecting financial services cooperatives, CQLR, c. C-67.3, other than a caisse populaire. (coopérative de services financiers)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Foreign currency

A fiat currency that is issued by a country other than Canada. (devise)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Foreign currency exchange transaction

An exchange, at the request of another person or entity, of one fiat currency for another. (opération de change en devise)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Foreign currency exchange transaction ticket

A record respecting a foreign currency exchange transaction—including an entry in a transaction register—that sets out:

(a) the date of the transaction;
(b) in the case of a transaction of $3,000 or more, the name and address of the person or entity that requests the exchange, the nature of their principal business or their occupation and, in the case of a person, their date of birth;
(c) the type and amount of each of the fiat currencies involved in the payment made and received by the person or entity that requests the exchange;
(d) the method by which the payment is made and received;
(e) the exchange rates used and their source;
(f) the number of every account that is affected by the transaction, the type of account and the name of each account holder; and
(g) every reference number that is connected to the transaction and has a function equivalent to that of an account number.

(fiche d'opération de change en devise)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Foreign money services business

Persons and entities that do not have a place of business in Canada, that are engaged in the business of providing at least one of the following services that is directed at persons or entities in Canada, and that provide those services to their clients in Canada:

(i) foreign exchange dealing,
(ii) remitting funds or transmitting funds by any means or through any person, entity or electronic funds transfer network,
(iii) issuing or redeeming money orders, traveller's cheques or other similar negotiable instruments except for cheques payable to a named person or entity,
(iv) dealing in virtual currencies, or
(v) any prescribed service.

(entreprise de services monétaires étrangère)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 5(h.1), PCMLTFRR, SOR/2007-121, s. 1 and PCMLTFR, SOR/2002-184, s. 1(2).

Foreign state

Except for the purposes of Part 2, means a country other than Canada and includes any political subdivision or territory of a foreign state. (État étranger)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Funds

Means:

(a) cash and other fiat currencies, and securities, negotiable instruments or other financial instruments that indicate a title or right to or interest in them; or
(b) a private key of a cryptographic system that enables a person or entity to have access to a fiat currency other than cash.

For greater certainty, it does not include virtual currency. (fonds)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2) and PCMLTFSTRR, SOR/2001-317, s. 1(2).

Head of an international organization

A person who, at a given time, holds—or has held within a prescribed period before that time—the office or position of head of

a) an international organization that is established by the governments of states;
b) an institution of an organization referred to in paragraph (a); or
c) an international sports organization.

(dirigeant d'une organisation internationale)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 9.3(3).

Immediately

In respect of submitting a Terrorist Property Report (TPR), the time period within which a TPR must be submitted, which does not allow for any delay prior to submission. (immédiatement)

Information record

A record that sets out the name and address of a person or entity and:

(a) in the case of a person, their date of birth and the nature of their principal business or their occupation; and
(b) in the case of an entity, the nature of its principal business.

(dossier de renseignements)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Initiation

In respect of an electronic funds transfer, means the first transmission of the instructions for the transfer of funds. (amorcer)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Institutional trust

For the purpose of section 15 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR), means a trust that is established by a corporation or other entity for a particular business purpose and includes a pension plan trust, a pension master trust, a supplemental pension plan trust, a mutual fund trust, a pooled fund trust, a registered retirement savings plan trust, a registered retirement income fund trust, a registered education savings plan trust, a group registered retirement savings plan trust, a deferred profit sharing plan trust, an employee profit sharing plan trust, a retirement compensation arrangement trust, an employee savings plan trust, a health and welfare trust, an unemployment benefit plan trust, a foreign insurance company trust, a foreign reinsurance trust, a reinsurance trust, a real estate investment trust, an environmental trust and a trust established in respect of endowment, a foundation or a registered charity. (fiducie institutionnelle)

Reference:
PCMLTFR, SOR/2002-184, s. 15(2).

International electronic funds transfer

An electronic funds transfer other than for the transfer of funds within Canada. (télévirement international)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Inter vivos trust

A personal trust, other than a trust created by will. (fiducie entre vifs)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Jewellery

Objects that are made of gold, silver, palladium, platinum, pearls or precious stones and that are intended to be worn as a personal adornment. (bijou)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Large cash transaction record

A record that indicates the receipt of an amount of $10,000 or more in cash in a single transaction and that contains the following information:

(a) the date of the receipt;
(b) if the amount is received for deposit into an account, the number of the account, the name of each account holder and the time of the deposit or an indication that the deposit is made in a night deposit box outside the recipient's normal business hours;
(c) the name and address of every other person or entity that is involved in the transaction, the nature of their principal business or their occupation and, in the case of a person, their date of birth;
(d) the type and amount of each fiat currency involved in the receipt;
(e) the method by which the cash is received;
(f) if applicable, the exchange rates used and their source;
(g) the number of every other account that is affected by the transaction, the type of account and the name of each account holder
(h) every reference number that is connected to the transaction and has a function equivalent to that of an account number;
(i) the purpose of the transaction;
(j) the following details of the remittance of, or in exchange for, the cash received:
1. (i) the method of remittance;
2. (ii) if the remittance is in funds, the type and amount of each type of funds involved;
3. (iii) if the remittance is not in funds, the type of remittance and its value, if different from the amount of cash received; and
4. (iv) the name of every person or entity involved in the remittance and their account number or policy number or, if they have no account number or policy number, their identifying number; and
(k) if the amount is received by a dealer in precious metals and precious stones for the sale of precious metals, precious stones or jewellery:
1. (i) the type of precious metals, precious stones or jewellery;
2. (ii) the value of the precious metals, precious stones or jewellery, if different from the amount of cash received, and
3. (iii) the wholesale value of the precious metals, precious stones or jewellery.

(relevé d'opération importante en espèces)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Large virtual currency transaction record

A record that indicates the receipt of an amount of $10,000 or more in virtual currency in a single transaction and that contains the following information:

(a) the date of the receipt;
(b) if the amount is received for deposit into an account, the name of each account holder;
(c) the name and address of every other person or entity that is involved in the transaction, the nature of their principal business or their occupation and, in the case of a person, their date of birth;
(d) the type and amount of each virtual currency involved in the receipt;
(e) the exchange rates used and their source;
(f) the number of every other account that is affected by the transaction, the type of account and the name of each account holder;
(g) every reference number that is connected to the transaction and has a function equivalent to that of an account number;
(h) every transaction identifier, including the sending and receiving addresses; and
(i) if the amount is received by a dealer in precious metals and precious stones for the sale of precious metals, precious stones or jewellery:
1. (i) the type of precious metals, precious stones or jewellery;
2. (ii) the value of the precious metals, precious stones or jewellery, if different from the amount of virtual currency received; and
3. (iii) the wholesale value of the precious metals, precious stones or jewellery.

(relevé d'opération importante en monnaie virtuelle)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Life insurance broker or agent

A person or entity that is authorized under provincial legislation to carry on the business of arranging contracts of life insurance. (représentant d'assurance-vie)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Life insurance company

A life company or foreign life company to which the Insurance Companies Act applies or a life insurance company regulated by a provincial Act. (société d'assurance-vie)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Listed person

Has the same meaning as in section 1 of the Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism. (personne inscrite)

Reference:
PCMLTFSTRR, SOR/2001-317, s. 1(2).

Managing general agents (MGAs)

Life insurance brokers or agents that act as facilitators between other life insurance brokers or agents and life insurance companies. MGAs typically offer services to assist with insurance agents contracting and commission payments, facilitate the flow of information between insurer and agent, and provide training to, and compliance oversight of, insurance agents. (agent général de gestion)

Mandatary

A person who acts, under a mandate or agreement, for another person or entity. (mandataire)

Marketing or advertising

When a person or entity uses promotional materials such as advertisements, graphics for websites or billboards, etc., with the intent to promote money services business (MSB) services and to acquire business from persons or entities in Canada. (marketing ou publicité)

Minister

In relation to sections 24.1 to 39, the Minister of Public Safety and Emergency Preparedness and, in relation to any other provision of this Act, the Minister of Finance. (ministre)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Money laundering offence

An offence under subsection 462.31(1) of the Criminal Code. The United Nations defines money laundering as "any act or attempted act to disguise the source of money or assets derived from criminal activity." Essentially, money laundering is the process whereby "dirty money"—produced through criminal activity—is transformed into "clean money," the criminal origin of which is difficult to trace. (infraction de recyclage des produits de la criminalité)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Money laundering and terrorist financing indicators (ML/TF indicators)

Potential red flags that could initiate suspicion or indicate that something may be unusual in the absence of a reasonable explanation. [Indicateurs de blanchiment d'argent (BA) et de financement du terrorisme (FT) (indicateurs de BA/FT)]

Money services business

A person or entity that has a place of business in Canada and that is engaged in the business of providing at least one of the following services:

(i) foreign exchange dealing,
(ii) remitting funds or transmitting funds by any means or through any person, entity or electronic funds transfer network,
(iii) issuing or redeeming money orders, traveller's cheques or other similar negotiable instruments except for cheques payable to a named person or entity,
(iv) dealing in virtual currencies, or
(v) any prescribed service.

(entreprise de services monétaires)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 5(h), PCMLTFRR, SOR/2007-121, s. 1 and PCMLTFR, SOR/2002-184, s. 1(2).

Money services business agent

An individual or entity authorized to deliver services on behalf of a money services business (MSB). It is not an MSB branch. (mandataire d'une entreprise de services monétaires)

Nature of principal business

An entity's type or field of business. Also applies to an individual in the case of a sole proprietorship. (nature de l'entreprise principale)

New developments

Changes to the structure or operations of a business when new services, activities, or locations are put in place. For example, changes to a business model or business restructuring. (nouveaux développements)

New technologies

The adoption of a technology that is new to a business. For example, when a business adopts new systems or software such as transaction monitoring systems or client onboarding and identification tools. (nouvelles technologies)

No apparent reason

There is no clear explanation to account for suspicious behaviour or information. (sans raison apparente)

Occupation

The job or profession of an individual. (profession ou métier)

Person

An individual. (personne)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Person authorized to give instructions

In respect of an account, means a person who is authorized to instruct on the account or make changes to the account, such as modifying the account type, updating the account contact details, and in the case of a credit card account, requesting a limit increase or decrease, or adding or removing card holders. A person who is only able to conduct transactions on the account is not considered a person authorized to give instructions. (personne habilitée à donner des instructions)

Politically exposed domestic person

A person who, at a given time, holds—or has held within a prescribed period before that time—one of the offices or positions referred to in any of paragraphs (a) and (c) to (j) in or on behalf of the federal government or a provincial government or any of the offices or positions referred to in paragraphs (b) and (k):

(a) Governor General, lieutenant governor or head of government;
(b) member of the Senate or House of Commons or member of a legislature of a province;
(c) deputy minister or equivalent rank;
(d) ambassador, or attaché or counsellor of an ambassador;
(e) military officer with a rank of general or above;
(f) president of a corporation that is wholly owned directly by His Majesty in right of Canada or a province;
(g) head of a government agency;
(h) judge of an appellate court in a province, the Federal Court of Appeal or the Supreme Court of Canada;
(i) leader or president of a political party represented in a legislature;
(j) holder of any prescribed office or position; or
(k) mayor, reeve or other similar chief officer of a municipal or local government.

(national politiquement vulnérable)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 9.3(3).

Politically exposed foreign person

A person who holds or has held one of the following offices or positions in or on behalf of a foreign state:

(a) head of state or head of government;
(b) member of the executive council of government or member of a legislature;
(c) deputy minister or equivalent rank;
(d) ambassador, or attaché or counsellor of an ambassador;
(e) military officer with a rank of general or above;
(f) president of a state-owned company or a state-owned bank;
(g) head of a government agency;
(h) judge of a supreme court, constitutional court or other court of last resort;
(i) leader or president of a political party represented in a legislature; or
(j) holder of any prescribed office or position.

(étranger politiquement vulnérable)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Possibility

In regards to completing a suspicious transaction report (STR), the likelihood that a transaction may be related to a money laundering/terrorist financing (ML/TF) offence. For example, based on your assessment of facts, context and ML/TF indicators you have reasonable grounds to suspect that a transaction is related to the commission or attempted commission of an ML/TF offence. (possibilité)

Precious metal

Gold, silver, palladium or platinum in the form of coins, bars, ingots or granules or in any other similar form. (métal précieux)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Precious stones

Diamonds, sapphires, emeralds, tanzanite, rubies or alexandrite. (pierre précieuse)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Prepaid payment product

A product that is issued by a financial entity and that enables a person or entity to engage in a transaction by giving them electronic access to funds or virtual currency paid to a prepaid payment product account held with the financial entity in advance of the transaction. It excludes a product that:

(a) enables a person or entity to access a credit or debit account or one that is issued for use only with particular merchants; or
(b) is issued for single use for the purposes of a retail rebate program.

(produit de paiement prépayé)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Prepaid payment product account

An account – other than an account to which only a public body or, if doing so for the purposes of humanitarian aid, a registered charity as defined in subsection 248(1) of the Income Tax Act, can add funds or virtual currency – that is connected to a prepaid payment product and that permits:

(a) funds or virtual currency that total $1,000 or more to be added to the account within a 24-hour period; or
(b) a balance of funds or virtual currency of $1,000 or more to be maintained.

(compte de produit de paiement prépayé)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Prescribed

Prescribed by regulations made by the Governor in Council. (Version anglaise seulement)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Probability

The likelihood in regards to completing a suspicious transaction report (STR) that a financial transaction is related to a money laundering/terrorist financing (ML/TF) offence. For example, based on facts, having reasonable grounds to believe that a transaction is probably related to the commission or attempted commission of an ML/TF offence. (probabilité)

Production order

A judicial order that compels a person or entity to disclose records to peace officers or public officers. (ordonnance de communication)

Public body

Means

(a) a department or an agent of His Majesty in right of Canada or an agent or mandatary of His Majesty in right of a province;
(b) an incorporated city or town, village, metropolitan authority, township, district, county, rural municipality or other incorporated municipal body in Canada or an agent or mandatary in Canada of any of them; and
(c) an organization that operates a public hospital and that is designated by the Minister of National Revenue as a hospital authority under the Excise Tax Act, or an agent or mandatary of such an organization.

(organisme public)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Real estate broker or sales representative

A person or entity that is authorized under provincial legislation to act as an agent or mandatary for purchasers or vendors in respect of the purchase or sale of real property or immovables. (courtier ou agent immobilier)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Real estate developer

A person or entity that, in any calendar year after 2007, has sold to the public, other than in the capacity of a real estate broker or sales representative:

(a) five or more new houses or condominium units;
(b) one or more new commercial or industrial buildings; or
(c) one or more new multi-unit residential buildings each of which contains five or more residential units, or two or more new multi-unit residential buildings that together contain five or more residential units.

(promoteur immobilier)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Reasonable measures

Steps taken to achieve a desired outcome, even if they do not result in the desired outcome. For example, this can include doing one or more of the following:

asking the client,
conducting open source searches,
retrieving information already available, including information held in non-digital formats, or
consulting commercially available information.

(mesures raisonnables)

Receipt of funds record

A record that indicates the receipt of an amount of funds and that contains the following information:

(a) the date of the receipt;
(b) if the amount is received from a person, their name, address and date of birth and the nature of their principal business or their occupation;
(c) if the amount is received from or on behalf of an entity, the entity's name and address and the nature of their principal business;
(d) the amount of the funds received and of any part of the funds that is received in cash;
(e) the method by which the amount is received;
(f) the type and amount of each fiat currency involved in the receipt;
(g) if applicable, the exchange rates used and their source;
(h) the number of every account that is affected by the transaction in which the receipt occurs, the type of account and the name of each account holder;
(i) the name and address of every other person or entity that is involved in the transaction, the nature of their principal business or their occupation and, in the case of a person, their date of birth;
(j) every reference number that is connected to the transaction and has a function equivalent to that of an account number; and
(k) the purpose of the transaction.

(relevé de réception de fonds)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Registered pension plan

Has the same meaning as in subsection 248(1) of the Income Tax Act. (régime de pension agréé)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Registered retirement income fund

Has the same meaning as in subsection 248(1) of the Income Tax Act. (fonds enregistré de revenu de retraite)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Reliable

In respect of information that is used to verify identity, means that the source is well known, reputable, and is considered one that you trust to verify the identity of the client. (fiable)

Representative for service

An individual in Canada that has been appointed by a person or entity that is a foreign money services business (FMSB), pursuant to the PCMLTFA, to receive notices and documents on behalf of the FMSB. (représentant du service)

Risk assessment

The review and documentation of potential money laundering/terrorist financing risks in order to help a business establish policies, procedures and controls to detect and mitigate these risks and their impact. (évaluation des risques)

Securities dealer

A person or entity that is referred to in paragraph 5(g) of the Act. (courtier en valeurs mobilières)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Senior officer

In respect of an entity, means:

(a) a director of the entity who is one of its full-time employees;
(b) the entity's chief executive officer, chief operating officer, president, secretary, treasurer, controller, chief financial officer, chief accountant, chief auditor or chief actuary, or any person who performs any of those functions; or
(c) any other officer who reports directly to the entity's board of directors, chief executive officer or chief operating officer.

(cadre dirigeant)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Service agreement

An agreement between a money services business (MSB) and an organization according to which the MSB will provide any of the following MSB services on an ongoing basis:

money transfers;
foreign currency exchange;
issuing or redeeming money orders, traveller's cheques or anything similar; or
dealing in virtual currencies.

(accord de relation commerciale)

Settlor

A settlor is an individual or entity that creates a trust with a written trust declaration. The settlor ensures that legal responsibility for the trust is given to a trustee and that the trustee is provided with a trust instrument document that explains how the trust is to be used for the beneficiaries. A settlor includes any individual or entity that contributes financially to that trust, either directly or indirectly. (constituant)

Shell bank

A foreign financial institution that:

(a) does not have a place of business that:
1. (i) is located at a fixed address—where it employs one or more persons on a full-time basis and maintains operating records related to its banking activities—in a country in which it is authorized to conduct banking activities; and
2. (ii) is subject to inspection by the regulatory authority that licensed it to conduct banking activities; and
(b) is not controlled by, or under common control with, a depository institution, credit union or foreign financial institution that maintains a place of business referred to in paragraph (a) in Canada or in a foreign country.

(banque fictive)

Reference:
PCMLTFR, SOR/2002-184, s. 1(1).

Signature

Includes an electronic signature or other information in electronic form that is created or adopted by a client of a person or entity referred to in section 5 of the Act and that is accepted by the person or entity as being unique to that client. (signature)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Signature card

In respect of an account, means a document that is signed by a person who is authorized to give instructions in respect of the account, or electronic data that constitutes the signature of such a person. (fiche-signature)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Source

The issuer or provider of information or documents for verifying identification. (source)

Source of funds or of virtual currency (VC)

The origin of the particular funds or VC used to carry out a specific transaction or to attempt to carry out a transaction. It is how the funds were acquired, not where the funds may have been transferred from. For example, the source of funds could originate from activities or occurrences such as employment income, gifts, the sale of a large asset, criminal activity, etc. (origine des fonds ou de la monnaie virtuelle (MV))

Source of wealth

The origin of a person's total assets that can be reasonably explained, rather than what might be expected. For example, a person's wealth could originate from an accumulation of activities and occurrences such as business undertakings, family estates, previous and current employment income, investments, real estate, inheritance, lottery winnings, etc. (origine de la richesse)

Starting action

With respect to a reportable transaction, information related to the instructions provided by the person or entity making the request to the reporting entity to start a transaction. For example, an individual arrives at a bank and requests to purchase a bank draft. The starting action is the details of the instructions for the purchase which includes the funds or virtual currency that the requesting person or entity brought to the reporting entity. A transaction must have at least one starting action. (action d’amorce)

SWIFT

The Society for Worldwide Interbank Financial Telecommunication. (SWIFT)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Terrorist activity

Has the same meaning as in subsection 83.01(1) of the Criminal Code. (activité terroriste)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Terrorist activity financing offence

An offence under section 83.02, 83.03 or 83.04 of the Criminal Code or an offence under section 83.12 of the Criminal Code arising out of a contravention of section 83.08 of that Act.

A terrorist financing offence is knowingly collecting or giving property (such as money) to carry out terrorist activities. This includes the use and possession of any property to help carry out the terrorist activities. The money earned for terrorist financing can be from legal sources, such as personal donations and profits from a business or charitable organization or from criminal sources, such as the drug trade, the smuggling of weapons and other goods, fraud, kidnapping and extortion. (infraction de financement des activités terroristes)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Third party

Any individual or entity that instructs another individual or entity to act on their behalf for a financial activity or transaction. (tiers)

Threats to the security of Canada

Has the same meaning as in section 2 of the Canadian Security Intelligence Service Act. (menaces envers la sécurité du Canada)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Training program

A written and implemented program outlining the ongoing training for your employees, agents or other individuals authorized to act on your behalf. It should contain information about all your obligations and requirements to be fulfilled under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated Regulations. (programme de formation)

Trust

A right of property held by one individual or entity (a trustee) for the benefit of another individual or entity (a beneficiary). (fiducie)

Trust company

A company that is referred to in any of paragraphs 5(d) to (e.1) of the Act. (société de fiducie)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Trustee

A trustee is the individual or entity authorized to hold or administer the assets of a trust. (fiduciaire)

Tutor

In the context of civil law, a person who has been lawfully appointed to the care of the person and property of a minor. (tuteur)

Two year effectiveness review

A review, conducted every two years (at a minimum), by an internal or external auditor to test the effectiveness of your policies and procedures, risk assessment, and training program. (examen bisannuel de l'efficacité)

Valid

In respect of a document or information that is used to verify identity, appears legitimate or authentic and does not appear to have been altered or had any information redacted. The information must also be valid according to the issuer, for example if a passport is invalid because of a name change, it is not valid for FINTRAC purposes. (valide)

Verify identity

To refer to certain information or documentation, in accordance with the prescribed methods, to identify a person or entity (client). (vérifier l'identité)

Very large corporation or trust

A corporation or trust that has minimum net assets of $75 million CAD on its last audited balance sheet. The corporation's shares or units have to be traded on a Canadian stock exchange or on a stock exchange designated under subsection 262(1) of the Income Tax Act. The corporation or trust also has to operate in a country that is a member of the Financial Action Task Force (FATF). (personne morale ou fiducie dont l'actif est très important)

Violation

A contravention of the Act or the regulations that is designated as a violation by regulations made under subsection 73.1(1). (violation)

Reference:
PCMLTFA, S.C. 2000, c 17, s. 2(1).

Virtual currency

Means:

(a) a digital representation of value that can be used for payment or investment purposes that is not a fiat currency and that can be readily exchanged for funds or for another virtual currency that can be readily exchanged for funds; or
(b) a private key of a cryptographic system that enables a person or entity to have access to a digital representation of value referred to in paragraph (a).

(monnaie virtuelle)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2) and PCMLTFSTRR, SOR/2001-317, s. 1(2).

Virtual currency exchange transaction

An exchange, at the request of another person or entity, of virtual currency for funds, funds for virtual currency or one virtual currency for another. (opération de change en monnaie virtuelle)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Virtual currency exchange transaction ticket

A record respecting a virtual currency exchange transaction—including an entry in a transaction register—that sets out:

(a) the date of the transaction;
(b) in the case of a transaction of $1,000 or more, the name and address of the person or entity that requests the exchange, the nature of their principal business or their occupation and, in the case of a person, their date of birth;
(c) the type and amount of each type of funds and each of the virtual currencies involved in the payment made and received by the person or entity that requests the exchange;
(d) the method by which the payment is made and received;
(e) the exchange rates used and their source;
(f) the number of every account that is affected by the transaction, the type of account and the name of each account holder;
(g) every reference number that is connected to the transaction and has a function equivalent to that of an account number; and
(h) every transaction identifier, including the sending and receiving addresses.

(fiche d'opération de change en monnaie virtuelle)

Reference:
PCMLTFR, SOR/2002-184, s. 1(2).

Working days

In respect of an electronic funds transfer (EFT) report or a large virtual currency transaction report, a working day is a day between and including Monday to Friday. It excludes Saturday, Sunday, and a public holiday. (jour ouvrable)

Date Modified:: 2024-02-29

Draft Guidance: Reporting electronic funds transfers to FINTRAC

In this guidance

Related links

1. Who must comply

2. Key terms and concepts

Electronic funds transfers

Initiation

Final receipt

Senders and Intermediaries

Other parties involved in an electronic funds transfer

3. Reporting requirements for casinos and financial entities

Initiation

Final receipt

4. Reporting requirements for a money services business and a foreign money services business

Residential status

Why and when you need to determine residential status

Money services business

Initiation

Final receipt

Initiation and final receipt

Summary of reporting requirements for money services business

Foreign money services business

Initiation

Final receipt

Initiation and final receipt

Summary of reporting requirements for foreign money services business

5. Important considerations when reporting electronic funds transfers

When to submit an Electronic Funds Transfer Report

24-hour rule

SWIFT and non-SWIFT transfers

Foreign currency

6. How to submit a report to FINTRAC

7. The form for reporting electronic funds transfers

In this section

Form structure

Form highlights

8. Other requirements associated with electronic funds transfers

In this section

Compliance program

Suspicious transactions

Large cash transactions

Travel rule

Record keeping

Verifying the identity of persons and entities

Third party determination

Ministerial directives

Voluntary self-declaration of non-compliance

9. Exceptions for electronic funds transfers

Annex A: Field instructions to complete an Electronic Funds Transfer Report

In this annex

Standardized field instructions

In this section

Name fields

Address fields

Structured address fields

If you have the ability to separate the information

If you are unable to separate the address information into the structured address fields

If there is no civic address

Unstructured address field

Invalid addresses

Persons who are transient or have no fixed address

Occupation/business fields

Identification fields

Telephone number fields

Specific field instructions for the Electronic Funds Transfer Report

Field categories

In this section

General information

Which one of the following types of reporting entities best describes you?

Whom can FINTRAC contact about this report?

Report information

Transaction information

Information about the transaction

For money services businesses and foreign money services businesses only

For money services business and foreign money services business only

Source of funds involved at initiation

Source of funds – person

Source of funds – entity

Note about the source of funds fields

Requester