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bitcoin
bitcoin

$107167.915651 USD

-1.23%

ethereum
ethereum

$2484.735224 USD

-0.65%

tether
tether

$1.000551 USD

0.03%

xrp
xrp

$2.227485 USD

1.25%

bnb
bnb

$657.234657 USD

0.38%

solana
solana

$153.359085 USD

0.76%

usd-coin
usd-coin

$1.000234 USD

0.03%

tron
tron

$0.279694 USD

1.12%

dogecoin
dogecoin

$0.164283 USD

-2.04%

cardano
cardano

$0.566559 USD

-0.46%

hyperliquid
hyperliquid

$39.355826 USD

-3.77%

bitcoin-cash
bitcoin-cash

$520.939018 USD

3.97%

sui
sui

$2.773602 USD

-2.77%

chainlink
chainlink

$13.247285 USD

-2.04%

unus-sed-leo
unus-sed-leo

$9.098882 USD

-0.71%

Financial Transactions and Reports Analysis Centre (FINTRAC)

What Is FINTRAC?

The Financial Transactions and Reports Analysis Centre (FINTRAC) of Canada is the nation’s financial intelligence agency. FINTRAC acts independently of Canada’s police force and other law enforcement agencies to which it is authorized to disclose financial intelligence. The Centre reports to the Minister of Finance, who in turn is accountable to Parliament. 

FINTRAC was established in 2000 and operates under the Proceeds of Crime Money (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. Its mission is to detect and investigate money laundering, as well as disclose financial intelligence to the respective law enforcement authorities regarding suspected terrorist financing. 

It is one of several partners in Canada’s anti-money laundering and anti-terrorist financing (AML/ATF) regime, which is led by the Department of Finance. In 2006, FINTRAC’s mandate was expanded under Bill C-25 to include the enforcement of client identification, record keeping, and registration for financial services businesses and foreign exchange dealers, as well as offenses for not registering. 

Regulated entities are required to provide FINTRAC with information including suspicious transactions, suspected terrorist property, large cash transactions, outgoing or incoming international EFTs of over 10,000 Canadian dollars within 24 hours, as well as cross-border currency reporting.