Interim reporting measure for foreign money services businesses reporting electronic funds transfers

This interim reporting measure applies to foreign money services businesses (FMSBs) subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations using FINTRAC’s web reporting system (FWR) to submit Electronic Funds Transfer Reports (EFTR).

At this time, FWR does not allow a foreign address to be entered in the address fields in Parts C and E of the EFTR.

Therefore, FINTRAC is providing the following temporary measure that can be used to allow for the accurate submission of EFTRs through FWR. In order to enter a foreign address in Part C (“Information about the individual or entity sending the payment instructions for the EFT”) or Part E (“Information about the individual or entity receiving the payment instructions for the EFT”) of the EFTR, FMSBs will need to first create a new location in the “Location information page” in FWR. This location must provide a Canadian location for the address fields and the foreign address of where the electronic funds transfer was initiated or received in the “Location name” field as indicated in the instructions below:

  1. Sign in to FWR.
  2. Create a new location in the “Location information page”.
  3. Enter a reporting entity location number that allows you to identify this interim reporting address.
  4. Enter the entire foreign address of where the electronic funds transfer was initiated or received in the “Location name” field. Insert a forward slash between each address line. Use the following order to enter the location address:
    • City
    • Province or State district code (applicable to the United States and Mexico)
    • Country code
    • Postal code or Zipcode
    • Street address

    For example, your interim address information would follow this format in the “Location name” field:

    • New York/NY/US/987654/1234 Main Street

    If your FMSB is located outside the United States or Mexico, write the Province or State name in its entirety.

    • Chengdu/Sichuan/CN/610000/1234 Main Street

    *Note: There is an alphanumeric character limit of 60 values in the “Location name” field. If you are unable to enter the full address, FINTRAC understands that the information will be truncated given the limitations of the field. Please ensure that your location information is up to date in the MSB registry to allow FINTRAC to review the information in its entirety.

  5. Enter FINTRAC’s main office as the stock address in the regular address fields. The address is:

    234 Laurier Avenue West
    Ottawa, ON
    K1P 1H7
    CANADA

**Note: This measure is temporary and is only in place to assist with electronic funds transfer reporting in FWR. If you are unable to submit a report electronically, you may submit a paper form. Do not use FINTRAC’s address as a stock address on the paper form as the temporary measure only applies to reporting through FWR. Mail the form to the following address:

Financial Transactions and Reports Analysis Centre of Canada
Section A
234 Laurier Avenue West, 24th floor
Ottawa, ON K1P 1H7
CANADA

This temporary measure will remain in effect until Part C and E are adjusted in FWR to allow the entry of a foreign address, at which point this webpage will be removed. FINTRAC will update this page as required until it is removed.

Date Modified: