Cash Reporting Workflows That Hold Up in an Audit
Prepare, review, and submit FINTRAC reports for cash-in-transit and armoured car activity using workflows built for Canadian reporting entities.
Reporting breaks when route-level cash activity, 24-hour aggregation, and compliance review are not aligned.
Most teams struggle with LCTR aggregation across pickups and branches, STR timeliness and narrative quality, and clear ownership between operations and compliance.
Cash-in-transit reporting introduces volume, aggregation, and handoff problems that generic spreadsheets struggle to support.
Comply+ helps teams:
Prepare LCTR, STR, and EFTR (where applicable) using structured workflows. Upload or connect transaction data, apply aggregation logic, and generate draft reports for compliance review before submission to FINTRAC.
Keep reporting prep consistent across branches and routes while retaining the customer and location context examiners expect to see in supporting records.
aiSTR™ drafts FINTRAC-oriented STR narratives for reviewer edit and sign-off. Your team still decides when reasonable grounds exist and what is filed.
Armoured car and cash-in-transit reporting entities file under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). For most operators, LCTR volume is the core operational load; STR quality and timeliness matter when suspicion arises; EFTR applies when you move qualifying cross-border funds electronically.
Required for cash transactions of $10,000 or more CAD in a single transaction or multiple transactions totaling $10,000+ within 24 hours from the same individual or entity. This is typically the highest-volume threshold report for cash-in-transit businesses.
Threshold: $10,000+ CAD (single or 24-hour aggregation)
Deadline: 15 calendar days from the transaction
Required when there are reasonable grounds to suspect a transaction is related to money laundering or terrorist financing (including sanctions evasion where applicable). No dollar threshold: suspicion-based, not amount-based reporting.
Threshold: None (suspicion-based)
Deadline: As soon as practicable after reaching reasonable grounds to suspect
Required for international electronic funds transfers of $10,000 or more (to or from foreign countries). Domestic EFTs within Canada are not reportable as EFTR. Include this in your program if your business processes qualifying cross-border transfers.
Threshold: $10,000+ international transfers
Deadline: 5 working days
Required when virtual currency transactions meet the reporting threshold. Only if applicable to your business model. Many traditional cash-in-transit operators file LVCTR rarely or not at all compared with LCTR.
Threshold: $10,000+ CAD (single or 24-hour aggregation)
Deadline: 5 working days
Each reporting obligation is independent. Filing an STR does not replace LCTR or EFTR requirements (or LVCTR when it applies).
Comply+ supports FINTRAC reporting preparation and submission workflows. It does not replace physical security, route logistics, or vault operations software.
FINTRAC enforcement has reached record levels across reporting entities. Cash-intensive operations and sectors that expanded under recent rule changes typically see sustained supervisory attention, so reporting quality and timeliness matter before a first examination or penalty headline in any given segment.
Armoured car companies became regulated under FINTRAC relatively recently, which creates unique compliance challenges:
This combination of factors means armoured car companies should prioritize robust compliance programs to avoid becoming early enforcement targets.
FINTRAC has imposed significant penalties on other reporting entities in cash-adjacent and high-volume sectors. That track record illustrates how the regulator approaches missed reports, weak programs, and documentation gaps:
Recent MSB penalties range from $67,150 to $176.9 million for compliance failures including missed reports, inadequate compliance programs, and failure to assess ML/TF risk.
View MSB case studiesFinancial institutions have faced penalties for similar compliance failures, demonstrating that FINTRAC applies consistent standards across all reporting entities regardless of sector.
Under Bill C-2 (tabled June 2025), maximum Administrative Monetary Penalties would increase dramatically:
FINTRAC's enforcement activity has reached record levels:
From CSV or connected data to FINTRAC API submission: reporting prep and review in one workflow.
Submit via FINTRAC API from within Comply+ without logging into FWR for each filing.
For fully connected databases, enable autopilot where it fits your controls to streamline LCTR, LVCTR, and EFTR submission paths. STR decisions stay with your team; aiSTR™ can assist with drafts and flags when you turn those features on.
For non-connected databases, upload a CSV of transactions. Comply+ helps identify required reports and generate draft LCTRs, LVCTRs, EFTRs, and STRs with AI-powered analysis to support faster, more consistent prep.
Our proprietary aiSTR™ technology helps flag higher-risk transactions and drafts narratives aligned with FINTRAC risk indicators. You retain full control with manual overrides and flexible selection during batch processing.
Maintain complete customer and location data with direct integrations to providers like SumSub, with more coming online soon. Reports auto-populate with existing records, while prompts ensure any missing information is captured.
Create and save draft reports, including AI-assisted STR narratives where you use them, 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 supports surfacing suspicious transaction patterns, with the goal of fewer noisy hits and faster STR prep for reviewers.
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 cash reportable activity for LCTR first, then STR and EFTR where they apply (and LVCTR only if virtual currency is in scope).
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.