The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published a video series to assist businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) in reporting suspicious transactions to the Centre.

To review these videos, select:

• Video 1 – The importance of suspicious transaction reports
• Video 2 – Understanding reasonable grounds to suspect
• Video 3 – What to consider when submitting a suspicious transaction report

All insurance agents and businesses are subject to the Act and must report completed or attempted suspicious transactions to FINTRAC when there are reasonable grounds to suspect that the transaction is related to a money laundering, terrorist financing or sanctions evasion offence. Suspicious transaction reporting is critical to FINTRAC’s ability to generate actionable financial intelligence for Canada’s law enforcement and national security agencies.

Refer to FINTRAC’s guidance for more information: Reporting suspicious transactions to FINTRAC, or for questions, contact FINTRAC by telephone at 1-866-346-8722 (toll-free) or by email at guidelines-lignesdirectrices@fintrac-canafe.gc.ca