FINTRAC interpretation notices and policy interpretations

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) issues FINTRAC interpretation notices (FINs) and policy interpretations to provide technical interpretations and positions regarding certain provisions contained in the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations. For those readers who prefer a less technical explanation of the law, FINTRAC's guidance is designed to provide a plain language explanation of the Act and associated Regulations.

FINs and policy interpretations do not have the force of law.

FINTRAC Interpretation Notices

While FINs may make reference to provisions of the law in force at the time they were written, they are not a substitute for the law.

1. Criteria for "Engaged in a Money Services Business"
   • See FINTRAC guidance for the money services business sector
2. Accountants – Giving Instructions Versus Providing Advice
3. Opening an Account for a Person or Entity Engaged in the Business of Dealing in Securities Only Outside of Canada
   • See FINTRAC guidance for the securities sector.
   
   
4. The 24-Hour Rule
5. Large Cash Transactions through Automated Banking Machines
6. Financial Transaction Reporting to FINTRAC by Reporting Entities that are Part of a Multiple-Entity Organizational Structure
7. Insolvency Practitioners Providing Trustee in Bankruptcy Services

FINTRAC Policy Interpretations

FINTRAC has been providing policy interpretations to persons and entities with obligations under the Act and associated Regulations since 2008. Policy interpretations are based solely on the information provided to FINTRAC and may be subject to change if additional information becomes available. They are provided as general information. They are not legal advice, and are not intended to replace the Act and associated Regulations.

Date Modified:

2021-12-22