Armoured car operations face unique compliance challenges with high-value cash transactions, multiple locations, and strict reporting requirements. Comply+ simplifies FINTRAC reporting for armoured car companies, helping you navigate the regulatory landscape with confidence.
Handle thousands of cash transactions efficiently with automated batch processing and direct FINTRAC submission. Our system automatically detects reportable transactions across all your routes and locations, ensuring nothing is missed.
Manage compliance across multiple locations with centralized reporting and location-specific transaction tracking. Coordinate compliance efforts across your entire fleet while maintaining location-level detail for FINTRAC examinations.
Automatically detect and report large cash transactions (LCTRs) and suspicious transactions (STRs) specific to armoured car operations. Our aiSTR™ technology identifies patterns that may indicate money laundering or other suspicious activity.
Money Service Businesses must file four main report types to FINTRAC under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). Understanding these requirements is critical for maintaining compliance and avoiding penalties.
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.
Deadline: Within 15 days of the transaction
Required for virtual currency transactions valued at $10,000 or more CAD (single transaction or multiple adding up over 24 hours). Introduced in 2021 as Canada expanded AML rules to cover virtual currency.
Deadline: Within 5 working days
Required for international wire transfers of $10,000 or more (to or from foreign countries). Domestic EFTs within Canada are NOT reportable.
Deadline: Within 5 working days
Required when there are reasonable grounds to suspect a transaction is related to money laundering or terrorist financing. No dollar threshold—suspicion-based, not amount-based reporting.
Deadline: As soon as possible after confirming suspicion
While armoured car companies have not yet faced specific FINTRAC penalties, the regulatory landscape has changed significantly. As a newly regulated sector, armoured car companies face heightened risk due to increased scrutiny and enforcement trends.
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.
While no specific AMPs have been issued to armoured car companies yet, FINTRAC has imposed significant penalties on other reporting entities, demonstrating the regulator's enforcement approach:
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 have increased dramatically:
FINTRAC's enforcement activity has reached record levels:
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 for faster, more accurate detection.
Our proprietary aiSTR™ technology automatically flags high-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-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
Watch us process transactions, demonstrate aiSTR™ detection technology, and show autopilot mode for connected databases.
Upload CSV or connect database - watch automatic detection
See AI-powered suspicious transaction detection in action
Experience fully automated FINTRAC submissions
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