All reporting entities must comply with FINTRAC's large cash transaction reporting requirements. A Large Cash Transaction Report (LCTR) is required when you:
The second case is the 24-hour rule. It is where most manual processes miss reports, because each amount on its own is under the threshold.
FINTRAC does not require an LCTR when the cash is received from a financial entity, a public body, or a person acting on behalf of a client that is a financial entity or public body. Life insurance companies have additional exceptions for certain annuity and mortgage products.
Source: Reporting large cash transactions to FINTRAC
For every FINTRAC report type and its deadline on one page, see FINTRAC reporting deadlines.
Upload a CSV of transactions and map the columns once. Comply+ detects the transactions that need a report and generates draft LCTRs for your analysts to review. You can also add transactions manually or connect your database.
Each draft is checked against FINTRAC's field requirements before it is sent, so errors are fixed in Comply+ instead of after a rejection.
Approved LCTRs are submitted through FINTRAC's API, with no FWR log-in for each report. Submission History shows what was filed and FINTRAC's receipt.
When a large cash transaction is also suspicious, add an STR extension to the existing LCTR and fill in only the additional fields.
Comply+ prepares LCTR, LVCTR, EFTR, CDR and STR reports in one workflow. See pricing or get started with a CSV of your own transactions.
FINTRAC enforcement is intensifying. Recent penalties demonstrate that compliance failures result in significant financial consequences, with Bill C-2 increasing maximum penalties to $20 million for entities.
FINTRAC has imposed significant Administrative Monetary Penalties (AMPs) for compliance failures across multiple sectors.
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 studyDecember 2025, Foreign MSB (Seychelles)
Failed to submit STRs for transactions with exposure to darknet marketplaces, sanctioned entities, and child sexual abuse material.
Read case studyOctober 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 studySeptember 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 studyUnder Bill C-2 (tabled June 2025), maximum Administrative Monetary Penalties have increased dramatically:
Purpose-built for Canadian FINTRAC compliance. Automate reporting, reduce risk, and scale your operations.
Handle all FINTRAC transaction types with automated LCTR, LVCTR, EFTR, and STR detection and submission. Our system identifies reportable transactions across cash, virtual currency, and electronic funds transfers.
Our proprietary aiSTR™ technology automatically flags suspicious transactions and drafts FINTRAC-compliant narratives. Reduce false positives and ensure nothing falls through the cracks.
Scale your operations without increasing compliance overhead. Automate reporting workflows to handle growth from hundreds to thousands of transactions per month.
From batch uploads to direct FINTRAC submission: everything you need in one platform
Submit reports directly to FINTRAC securely. No need to log in to the FINTRAC website. Everything is handled within Comply+.
For fully connected databases, enable autopilot for automatic submission of LCTRs, LVCTRs, and EFTRs. Our proprietary aiSTR™ technology handles suspicious transaction detection, requiring manual review only for STRs.
For non-connected databases, upload a CSV of transactions. Automatically detect required reports and generate draft LCTRs, LVCTRs, EFTRs, CDRs, and STRs with AI-powered analysis.
Our proprietary aiSTR™ technology automatically flags high-risk transactions and drafts narratives aligned with FINTRAC risk indicators. You retain full control with manual overrides.
Maintain complete customer and location data with direct integrations to providers like SumSub. Reports auto-populate with existing records.
Create and save draft reports, including AI-generated STR narratives, for later completion. Work at your own pace with automatic data preservation.
Add STR extensions to existing reports (LCTR/LVCTR/EFTR/CDR) with one click. Fill only additional fields, no separate forms.
Risk Detection Settings
Recommended STR filing
Advanced risk flagging via AI. Machine learning flags suspicious transaction patterns, reducing false positives and helping teams act faster on STRs.
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
In 30 minutes, walk through how Comply+ helps you move from transaction data to draft reports, STR review with your team, and FINTRAC API submission without logging into the Web Reporting System (FWR) for each filing.
Upload a CSV or connect your system and see how Comply+ helps surface reportable activity for LCTR, LVCTR, EFTR, and CDR workflows.
See how aiSTR™ supports narrative drafts and how your team reviews and decides what is filed.
Follow submission through FINTRAC's API and where confirmations and status live in Comply+.
Enter your work email. We will open the calendar to schedule your demo.
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.