Never Miss a FINTRAC Deadline Again

Missing a FINTRAC filing deadline can trigger penalties, public disclosure, and regulatory scrutiny.

This guide breaks down every reporting deadline and how teams reduce filing risk in practice.

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FINTRAC Report Filing Deadlines

Canadian reporting entities must file reports to FINTRAC within deadlines set under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). Missing a deadline can trigger Administrative Monetary Penalties, public disclosure, and operational disruption. Each report type below lists threshold, deadline, and who it applies to.

Large Cash Transaction Reports (LCTR)

  • Threshold: $10,000+ CAD in cash (single transaction or aggregated within a 24-hour window you apply consistently)
  • Deadline: 15 calendar days from the date of the transaction
  • Applies to: MSBs, banks, credit unions, casinos, real estate brokers, dealers in precious metals and stones, and other PCMLTFA reporting entities

Large Virtual Currency Transaction Reports (LVCTR)

  • Threshold: $10,000+ CAD equivalent in virtual currency (single transaction or aggregated within a 24-hour window)
  • Deadline: 5 working days from the date of the transaction
  • Applies to: MSBs dealing in virtual currency, crypto exchanges, and virtual asset service providers (VASPs)

Electronic Funds Transfer Reports (EFTR)

  • Threshold: $10,000+ CAD in international electronic funds transfers (incoming or outgoing). Domestic EFTs within Canada are not reportable.
  • Deadline: 5 working days from the date of the transfer
  • Applies to: MSBs, banks, credit unions, and other entities that send or receive international wire transfers

Suspicious Transaction Reports (STR)

  • Threshold: No dollar threshold. STRs are suspicion-based, not amount-based.
  • Deadline: As soon as practicable after you complete your assessment and determine there are reasonable grounds to suspect the transaction relates to money laundering or terrorist financing
  • Applies to: All PCMLTFA reporting entities

STRs have no fixed calendar deadline, but delays after forming reasonable grounds to suspect are a common audit finding. FINTRAC still expects filing as soon as practicable once your assessment is complete.

Casino Disbursement Reports (CDR)

  • Threshold: $10,000+ CAD in casino disbursements (chips, tokens, or payouts)
  • Deadline: 15 calendar days from the date of the disbursement
  • Applies to: Casinos and gaming establishments

Why Meeting FINTRAC Deadlines Matters

Late or missed filings carry serious consequences under Canadian AML law:

  • Financial penalties: Administrative Monetary Penalties (AMPs) can reach substantial amounts per violation under current law. Proposed legislative changes may significantly increase penalties; confirm current limits with counsel.
  • Public disclosure: FINTRAC publishes penalty decisions, naming the entity and detailing the violations
  • Regulatory scrutiny: Repeated failures trigger enhanced examination and can lead to conditions on registration or revocation
  • Enforcement escalation: In serious cases, compliance failures can lead to enforcement escalation, including referral to law enforcement where applicable

The simplest way to reduce the risk of missed deadlines is to systematize detection, preparation, and submission. Comply+ supports that workflow from your data through to FINTRAC.

How Comply+ Helps Reduce Filing Risk

Automated report preparation

Upload transaction data or connect your system. Comply+ helps identify reportable activity and prepares draft LCTR, LVCTR, EFTR, and CDR reports.

AI-assisted STR workflows

aiSTR™ helps surface suspicious activity and draft narratives. Your compliance team reviews and decides what is filed.

Direct FINTRAC submission

Submit reports through FINTRAC's API without logging into the Web Reporting System (FWR) for each filing. Track submission confirmations in one place.

Built-in audit trail

Maintain records of reporting decisions, submissions, and confirmations, ready for examination.

Comply+ replaces manual submission through FINTRAC's Web Reporting System with a structured, API-based workflow.

Enforcement & Penalties

The Cost of Non-Compliance

FINTRAC enforcement is intensifying. Recent penalties show that compliance failures carry significant financial consequences, and proposed legislative changes may further increase maximum penalties.

Recent FINTRAC Penalties

FINTRAC has imposed significant Administrative Monetary Penalties (AMPs) for compliance failures across multiple sectors.

Juba Express Inc.: $67,150

December 2025, Toronto, Ontario

Multiple compliance failures including no effective compliance regime, no proper risk assessment, and failures to submit EFT and LCT reports.

Read case study

MP Technology Services Ltd.: $536,853.35

December 2025, Foreign MSB (Seychelles)

Failed to submit STRs for transactions with exposure to darknet marketplaces, sanctioned entities, and child sexual abuse material.

Read case study

Xeltox Enterprises (Cryptomus): $176,960,190

October 2025, British Columbia

2,593 violations including 1,068 unreported STRs, 1,518 unreported LVCTRs, and failure to comply with Ministerial Directive on Iran.

Read case study

KuCoin (Peken Global): $19,552,000

September 2025, Foreign MSB (Seychelles)

Unregistered foreign MSB, 2,952 unreported LVCTRs, and 33 unreported STRs linked to darknet marketplaces and illicit chemical trade.

Read case study

Bill C-2: Increased Penalties

Under Bill C-2 (tabled June 2025), maximum Administrative Monetary Penalties would increase dramatically:

  • Entities: Up to $20 million (previously $500,000), a substantial increase under the proposal
  • Individuals: Up to $4 million (previously $100,000)
  • Criminal penalties: Certain compliance failures can result in criminal prosecution
Learn more about Bill C-2

Enforcement Trends

  • 23 Notices of Violation issued in 2024–25, the highest annual volume since 2008
  • More than $25 million in total penalties in 2024–25
  • Over 150 penalties imposed since 2008 across all regulated sectors
  • FINTRAC is moving to a supervisory model anchored in credible deterrence

Why Choose Comply+

Purpose-built for Canadian FINTRAC compliance. Streamline reporting, reduce filing risk, and scale operations.

Comprehensive Reporting

Handle FINTRAC transaction types with LCTR, LVCTR, EFTR, and STR workflows. Comply+ helps identify reportable activity across cash, virtual currency, and electronic funds transfers based on your data and rules.

AI-Powered Detection

aiSTR™ helps surface suspicious transactions and draft FINTRAC-aligned narratives for your team to review. Tuning and human judgment stay with your compliance function.

Scalable Operations

Scale your operations without increasing compliance overhead. Automate reporting workflows to handle growth from hundreds to thousands of transactions per month.

Platform Features

Complete FINTRAC Compliance Solution

From batch uploads to direct FINTRAC submission: one platform for preparation, review, and tracking

Direct FINTRAC Submission

Submit through FINTRAC's API without logging into the Web Reporting System for each filing. Confirmations and status stay in Comply+.

Autopilot Mode for Connected Databases

For fully connected databases, enable autopilot to prepare and submit LCTRs, LVCTRs, and EFTRs per your configuration. aiSTR™ surfaces candidates for STRs; your team decides what is filed.

Intelligent Batch Processing

Upload a CSV of transactions. Comply+ helps detect required reports and generates draft LCTRs, LVCTRs, EFTRs, and STRs using your data and rules, with AI-assisted analysis.

AI-Driven STR Detection

aiSTR™ highlights transactions against FINTRAC risk indicators and drafts narrative drafts. Compliance reviews, edits, and approves before submission.

Customer & Location Management

Maintain complete customer and location data with direct integrations to providers like SumSub. Reports auto-populate with existing records.

Draft & Save Reports

Create and save draft reports, including AI-assisted STR narratives, for later completion. Work at your own pace with automatic data preservation.

STR Extensions Made Simple

Add STR extensions to existing reports (LCTR/LVCTR/EFTR/CDR) with one click. Fill only additional fields; no separate forms.

COMING SOON

AI Model Configuration

Risk Detection Settings

Risk Indicator A
Identified: 87%
Risk Indicator B
Identified: 94%
Risk Indicator C
Identified: 82%
Overall Risk Rating78%

Recommended STR filing

aiSTR 2.0

Advanced risk flagging via AI. Machine learning highlights suspicious transaction patterns, supporting faster review while your team retains filing decisions.

Direct Slack integration for no login STR review/submissions

Maximize risk detection with custom set, and AI-driven risk indicators

Set your risk indicator weightings, or let aiSTR optimize detection

Generate higher accuracy through reinforced learning

30-Minute Demo

Automate Your FINTRAC Reporting

In 30 minutes, walk through how Comply+ helps you move from transaction data to draft reports, keep deadline risk visible, and submit through FINTRAC's API without logging into FWR for each filing.

1. Draft report preparation

Upload a CSV or connect your system and see how Comply+ helps surface reportable activity for LCTR, LVCTR, EFTR, and CDR workflows.

2. STR review path

See how aiSTR™ supports narrative drafts and how your team reviews and decides what is filed.

3. Submit and confirm

Follow submission through FINTRAC's API and where confirmations and status live in Comply+.

Book the same workflow as above

Enter your work email and we will open the calendar for a deadline-focused reporting walkthrough.

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Disclaimer

This page is provided for general informational purposes only and reflects our interpretation and opinions based on publicly available information at the time of writing. It does not constitute legal advice, financial advice, regulatory guidance, or a substitute for professional counsel. Reporting entities and businesses subject to FINTRAC obligations should consult qualified legal and compliance advisors before making decisions relating to FINTRAC, AML obligations, or compliance requirements.