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Virtual Currency Reporting coming to Canada

Large Virtual Currency Transaction Report Upload documentation

 

Reporting entities dealing in virtual currency (VC) have Large Virtual Currency Transaction reporting obligations coming into force on June 1, 2021. Reporting entities can begin developing the Large Virtual Currency Transaction Report (LVCTR) Upload (a means to submit the reports to FINTRAC electronically), and test it from March 15, 2021, to May 28, 2021. The following documentation is available upon request:

 

·         Guidance on reporting Large Virtual Currency Transactions to FINTRAC;

·         Validation rules; and

·         JSON Schema.

 

Please contact guidelines-lignesdirectrices@fintrac-canafe.gc.ca for the documents or for more information.

Categories: Anti-Money Laundering FINTRAC Updates Virtual Currencies

eric9to5

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