The FINTRAC module lets you record and report Large Cash Transactions (LCTs) and Casino Disbursement Reports (CDRs) to Canada's Financial Transactions and Reports Analysis Centre (FINTRAC). This module supports FINTRAC batch version 3.0.
FINTRAC receives, analyses, assesses and discloses financial intelligence on suspected money laundering, terrorist financing, and threats to the security of Canada. The Centre is an integral part of our country's commitment to the fight against money laundering and terrorist activity financing.
Canadian businesses must report LCTs to FINTRAC within 15 days of the transaction. An LCT is defined as one or more transactions, received from a single party, and totalling $10,000 or more.
For information about manipulating the records in the grid, see Sorting and Grouping Records.
Colour-coding:
White |
Open - record has been created but not yet sent to FINTRAC. |
Orange |
Closed - record is ready for review by the FintracConsole application or has been reviewed but contains some unprocessed transactions. Record can be re-opened but only unprocessed transactions can be modified. |
Purple |
Closed-Filing Not Required - transaction will be tracked without Subject ID and will not be reported to FINTRAC |
Green |
Processed - record has been reviewed by the FintracConsole application and all its transactions have been reported to FINTRAC. |
Red |
Validation error - the FintracConsole application has determined some data in the record is invalid. Record must be corrected before it can be processed. |