Welcome to FINTRAC
FINTRAC's new Operational Alert helps businesses identify and report suspicious transactions that may be related to the activities of professional money launderers and money laundering organizations.
Money Services Businesses (MSBs) that deal in virtual currency can now voluntarily register with FINTRAC in advance of June 1, 2020, when registration will be mandatory.
FINTRAC has updated its Methods to verify the identity of an individual and confirm the existence of a corporation or an entity other than a corporation guidance.
FINTRAC has published the guides it uses to assess the harm done criterion in relation to its administrative monetary penalties (AMP), as part of its ongoing commitment to increasing the openness and transparency of its compliance activities. The guides are used in the overall calculation of an AMP.
FINTRAC has updated the FINTRAC Web reporting system (F2R) to be more user-friendly, making it easier for reporting entities to submit reports.
On July 10, amendments to the Regulations under the PCMLTFA were published in the Canada Gazette. Of the many changes, those concerning the methods to identify clients are the first to come into effect.
On June 21, 2019, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act was amended requiring FINTRAC to make public all administrative monetary penalties imposed. FINTRAC's Administrative monetary penalties policy has been updated to reflect the change to mandatory publication at specific stages in the penalty process.
To better support Canadian businesses in their compliance efforts, FINTRAC produced a Compliance Framework as well as a FINTRAC Assessment Manual and a Voluntary Self-Declaration of Non-Compliance notice, which can be found on the FINTRAC Examinations webpage.
Consult FINTRAC's 2017–18 annual report
About FINTRAC
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada's financial intelligence unit. Its mandate is to facilitate the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information under its control.
Fraud alert – Misrepresentation and false communications
FINTRAC has occasionally been misrepresented by individuals that claim to speak on its behalf. These false communications take a variety of forms: fraudulent letters, e-mails, social media accounts and faxed documents.
FINTRAC would like to clarify that:
- We do NOT charge fees, freeze or seize funds, or issue clearance certificates for any reason. Solicitations for fees and clearance certificates made in the name of or on behalf of FINTRAC are false and should be viewed with extreme caution.
- If you have been solicited for fees of any kind by an individual or group claiming to represent FINTRAC, please contact your local police.
It is also possible to communicate information regarding fraud to the Canadian Anti-Fraud Centre (CAFC). The Canadian Anti-Fraud Centre also has up-to-date information on the latest fraudulent schemes.
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Money services business registration
Money services business registry search
Voluntary information reporting
FRAUD ALERT!
Misrepresentation and false communications
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