The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has updated the documentation to help businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) and associated Regulations prepare for the implementation of the new reporting forms, which will be implemented by June of 2024.
Accessing changes to the documentation
The documents have been updated to reflect feedback from reporting entities that are testing the implementation of the new forms.
To access these documents, please visit the Draft documents page of FINTRAC’s website. The documents that have changed are specifically highlighted as updated. These documents are subject to further changes as needed based on subsequent testing by businesses. All changes will be communicated promptly.
Availability of API report submission for testing
FINTRAC API report submission is the new application programming interface that allows for the secure system-to-system transfer of report information to FINTRAC. It is geared towards businesses that report higher volumes of transaction reports. FINTRAC API report submission is available for testing electronic funds transfers and casino disbursement reports. Businesses that submit larger volumes of reports and that do not currently have access to FINTRAC API report submission should contact FINTRAC by email at F2R@fintrac-canafe.gc.ca.
Additional information
The schedule to implement change to reporting forms can be found on FINTRAC’s website. We are committed to informing businesses quickly of any updates to this schedule. To ensure you receive timely updates (and other important FINTRAC news), please subscribe to FINTRAC’s mailing list.
For questions about these documents, please contact FINTRAC by telephone at1-866-346-8722(toll free) or by email at guidelines-lignesdirectrices@
