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FINTRAC publishes resource pages for upcoming STR changes

Resource documents to help reporting entities prepare for changes to the Suspicious Transaction Report (STR) form

We wish to inform all reporting entities that FINTRAC is expecting to implement important changes to the Suspicious Transaction Report (STR) form in 2023. The form will reflect the legislative amendments that came into force on June 1, 2021 and include added functionality that allows for a more streamlined experience when reporting suspicious transactions to FINTRAC.

We understand that your business processes and IT systems may need to be updated to accommodate the form changes. To help you prepare, we are providing the following documents on the Draft documents page of our website:

  • STR mock form
  • Reporting suspicious transactions to FINTRAC guidance
  • STR JSON schemas (reports and transactions)

Please note: This is an early release documentation and specification package for the STR reporting form. While these documents are in their final stages of development, they are still labelled as “draft documents” and, as such, may be subject to minor subsequent changes. Additional and updated draft documents are expected to be published in early 2023. We remain committed to providing sufficient time to allow reporting entities to implement these changes once all the draft specifications are published, including the STR validation rules and API endpoint specifications.

At FINTRAC, we are committed to working with businesses to increase their awareness, understanding and compliance with their obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations. 

For questions, please contact FINTRAC by telephone at 1-866-346-8722 (toll free) or by email at F2R@fintrac-canafe.gc.ca.

FINTRAC Notice

Categories: Anti-Money Laundering FINTRAC Updates Suspicious Tranasaction Reports/Suspicious Activity Reports

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