The reports at a glance
| Report | When it applies | Deadline |
|---|---|---|
| Suspicious transaction report (STR) | Reasonable grounds to suspect a transaction is related to money laundering or terrorist financing. No minimum amount. | As soon as practicable |
| Large cash transaction report (LCTR) | Cash of $10,000 or more, in one transaction or several within 24 hours. | 15 calendar days |
| Electronic funds transfer report (EFTR) | International electronic funds transfers of $10,000 or more, in one transfer or several within 24 hours. | 5 working days |
| Large virtual currency transaction report (LVCTR) | Virtual currency worth $10,000 or more, in one transaction or several within 24 hours. | 5 working days |
| Terrorist property and listed person reports | Property you know or believe is owned or controlled by a terrorist, terrorist group or listed person. | Immediately |
Amounts are in Canadian dollars, or the equivalent in another currency or in virtual currency.
Suspicious transaction reports (STR)
You must report a transaction, or an attempted one, when you have reasonable grounds to suspect it's related to money laundering or terrorist financing. There's no minimum amount. FINTRAC expects the report "as soon as practicable": somewhere between immediately and as soon as possible, with completing the STR taking priority over other tasks.
Good STRs explain why: what you saw, the indicators, and how the facts fit together. A transaction can need both an STR and another report, for example a suspicious large cash deposit.
Large cash transaction reports (LCTR)
When you receive $10,000 or more in cash, in one transaction or several within 24 hours, you report it within 15 calendar days.
Electronic funds transfer reports (EFTR)
International electronic funds transfers of $10,000 or more, sent or finally received, in one transfer or several within 24 hours, are reported within 5 working days.
Large virtual currency transaction reports (LVCTR)
When you receive virtual currency worth $10,000 or more, in one transaction or several within 24 hours, you report it within 5 working days after the day you receive it. A working day is Monday to Friday, excluding public holidays.
The 24-hour rule
The 24-hour rule stops threshold reporting being avoided by splitting transactions. When several transactions of the same type, each below $10,000, total $10,000 or more within 24 hours and are conducted by or on behalf of the same person or entity, or for the same beneficiary, they're treated as one and reported. Your systems need to add them up.
Terrorist property and listed person reports
If you know or believe property in your possession or control is owned or controlled by a terrorist, a terrorist group or a listed person, you must report it to FINTRAC immediately, and you can't deal with that property.
The travel rule
When MSBs send electronic funds or virtual currency transfers, the information about who requested the transfer and the beneficiary must travel with it: names, addresses and account or reference numbers. Received travel-rule information can't be stripped out. It's not a separate report, but it supports your record keeping and reporting.
Getting reporting right
- Know which reports apply to your services, and test that your systems flag them.
- Track deadlines from the right day, in working days or calendar days as the report requires.
- Document why you did or didn't file an STR.
- Keep the records behind every report, generally for at least five years.
Reporting is one of the main things an outsourced compliance officer takes off your plate.
Sources: FINTRAC, Reporting suspicious transactions; Reporting large cash transactions; Reporting electronic funds transfers; Reporting large virtual currency transactions; The 24-hour rule; Travel rule; Record keeping for MSBs. Checked 11 October 2026. General information, not legal advice.