Financial Transactions and Reports Analysis Centre of Canada
http://www.fintrac-canafe.gc.ca
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Appendix 2
Glossary of terms and acronyms
| CCRA | |
| Canada Customs and Revenue Agency an agency of the Government of Canada that administers tax laws for the Government of Canada and for most of the provinces and territories, and that provides all customs services. | |
| CIC | |
| Citizenship and Immigration Canada a federal government department that administers the Immigration and Refugee Protection Act. | |
| Cross Border Currency Report (CBCR) | |
| A report that must be filed by a person entering or leaving Canada advising that the person is carrying large sums of currency or monetary instruments ($10,000 or more), or by a person mailing or sending such large sums into or out of Canada. | |
| CSIS | |
| Canadian Security Intelligence Service Canada's national security agency that has the mandate to investigate and report on threats to the security of Canada. | |
| Customs Seizure Report | |
| A report filed with FINTRAC by a CCRA officer who seizes cash or monetary instruments for which a Cross Border Currency Report should have been filed but was not. The report indicates the circumstances of the seizure. | |
| Egmont Group of Financial Intelligence Units (FIU) | |
| An international group of FIUs founded in 1995, which work together in an informal organization to provide a forum for FIUs to improve support for their respective national anti-money laundering and anti-terrorist financing programs. | |
| Electronic Funds Transfer (EFT) Report | |
| A report that a reporting entity must file with FINTRAC in respect of a transmission of instructions for the transfer of a sum of $10,000 or more out of or into Canada, through any electronic, magnetic or optical device, telephone instrument or computer. | |
| Financial Action Task Force (FATF) | |
| An inter-governmental body, established by the G-7 Summit in 1989, whose purpose is the development and promotion of policies, both at national and international levels, to combat money laundering. At a special plenary meeting held in October 2001, FATFs mandate was expanded to include the combating of terrorist financing. | |
| Large Cash Transaction Report (LCTR) | |
| A report that a reporting entity must file with FINTRAC when it receives $10,000 or more in cash in the course of a single transaction; or when it receives two or more cash amounts totaling $10,000 or more that it knows were made within 24 consecutive hours of each other by or on behalf of the same individual or entity. | |
| Privacy Impact Assessment (PIA) | |
| An assessment that each federal department and agency is required to carry out regarding the impact of its operations on the obligations imposed by the Privacy Act for the protection of personal information. | |
| Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) | |
| This statute establishes FINTRAC to collect, analyze, assess and disclose financial information with respect to money laundering and terrorist financing. Originally enacted as the Proceeds of Crime (Money Laundering) Act in June 2000, it was amended in December 2001, to add combating terrorist financing to FINTRAC's mandate. | |
| RCMP | |
| Royal Canadian Mounted Police - Canada's national police force. | |
| Suspicious Transaction Report (STR) | |
| A report that a reporting entity must file with FINTRAC in respect of a financial transaction that occurs in the course of its activities and for which there are reasonable grounds to suspect that the transaction is related to the commission of a money laundering or terrorist activity financing offence. | |
| SWIFT | |
| The Society for Worldwide Financial Telecommunication, a cooperative owned by the international banking community that operates a global data processing system for the transmission of financial messages. | |
| Terrorist Property Report (TPR) | |
| A report that a reporting entity must file with FINTRAC when it has in its possession or control property that it knows is owned or controlled by or on behalf of a terrorist group. This includes information about any transaction or proposed transaction relating to that property. This report is triggered by a requirement in the Criminal Code that has the reporting of such situations to the RCMP and CSIS. | |
