Financial Transactions and Reports Analysis Centre of Canada
http://www.fintrac-canafe.gc.ca
Common menu bar links
Frequently Asked Questions
Reporting to FINTRAC and Other Obligations
This section provides information on submitting reports to FINTRAC, client identification, risk assessment, politically exposed foreign persons and the intended use of accounts.
- How do reporting entities make reports to FINTRAC?
- Do I have to report a suspicious financial transaction that was not completed?
- What is the difference between the identification product method and the credit file method for identifying customers in non-face-to-face situations?
- Can any of the non-face-to-face identification methods be used to ascertain the identity of a person that is met face-to-face?
- What method may I use to ascertain the identity of a client located in a foreign country?
- How often are reporting entities required to update client identification information for high-risk clients?
- Am I required to conduct a risk assessment for every client?
- Do I have to determine whether a corporate client is a politically exposed foreign person (PEFP)?
- For how long is an individual considered to be a PEFP? Are they still a PEFP once they have left office?
- Can a Canadian citizen be a PEFP?
- When recording a client’s intended use of an account, how specific should I be?
- What is the time limit for sending reports to FINTRAC?
- Where can I get a copy of the reporting forms?
- What is a terrorist property report?
- How do I send a terrorist property report to FINTRAC?
- Other than FINTRAC, is there anyone else to whom I must report terrorist property?
