Cryptocurrency exchanges and crypto businesses face unique compliance challenges with virtual currency transactions, blockchain analytics, and strict FINTRAC reporting requirements. Comply+ simplifies FINTRAC reporting for crypto companies of all sizes, from small exchanges to large virtual asset service providers (VASPs).
Handle all virtual currency transaction types including exchanges, transfers, and conversions with automated LVCTR, EFTR, and STR detection and submission for crypto operations. Our system automatically identifies reportable transactions across all virtual currency types and blockchain networks.
Coming soon with aiSTR 2.0: Integrate with blockchain analytics providers to include blockchain risk-based STR ranking based on customer virtual currency addresses. Identify high-risk addresses and suspicious patterns before they become compliance issues.
Scale your crypto exchange operations without increasing compliance overhead. Automate reporting workflows to handle growth from hundreds to thousands of virtual currency transactions per month. Process high-volume trading activity while maintaining complete compliance.
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
FINTRAC has demonstrated aggressive enforcement against cryptocurrency companies and virtual asset service providers. Recent penalties show that crypto companies face some of the highest penalties in FINTRAC's history.
FINTRAC has imposed some of its largest penalties on cryptocurrency companies and virtual-asset related MSBs, demonstrating the regulator's focus on this sector.
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. This is one of the largest penalties in FINTRAC history.
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 studyDecember 2025 — Foreign MSB (Seychelles)
Virtual-asset related MSB failed to submit STRs for transactions with exposure to darknet marketplaces, sanctioned entities, and child sexual abuse material.
Read case studyFINTRAC has demonstrated that foreign virtual asset service providers (VASPs) serving Canadian clients will be held to the same standards as domestic entities. The KuCoin and MP Technology Services cases show that:
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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