Suspicious Transaction Review and Reporting for Financial Businesses
Deciding whether an alert is truly suspicious and reporting it correctly is one of the hardest calls in compliance. We review your flagged activity and file suspicious transaction reports with FINTRAC on your behalf across Canada.
From Flagged Alert to Filed Report
When your monitoring flags something unusual, someone has to decide whether it meets the reasonable grounds to suspect standard, and file if it does. That judgement is difficult and the stakes are high. We take your escalated alerts, review them, form the decision, and file the report with FINTRAC, so nothing suspicious slips through.
The Judgement and the Filing
A suspicious transaction report turns on judgement, not a dollar figure. There is no set threshold, only whether there are reasonable grounds to suspect. We make that assessment on the activity you escalate, document the reasoning, and file the report with FINTRAC where the test is met, all without tipping off the customer. You get the difficult review and correct filing handled properly.
Alert Review
We review the unusual activity your own business escalates to us.
Grounds Assessment
We judge whether there are reasonable grounds to suspect it here.
Report Filing
We prepare and file the whole report with FINTRAC for you.
Stay Discreet
We handle the whole process without ever tipping off the customer.
Ready to Simplify Your Compliance?
Businesses We Support and Guide
We support payment service providers, money services businesses, currency dealers, crypto businesses, and the many other financial businesses that need suspicious transactions reviewed and reported to FINTRAC under Canadian regulation.
We support banks with program design, oversight, & regulatory examination readiness.
We help credit unions meet obligations proportionate to their membership and scale.
We handle registration, renewals, reporting, & controls FINTRAC expects from you.
We cover Bank of Canada registration alongside your anti money laundering obligations.
We establish what your wallet activity triggers, then build only what applies.
We build compliance around what your product does, before volumes and questions arrive.
We register virtual currency dealers and build the reporting their activity demands.
We support financial institutions across registration, program build, and reporting duties.
Why Businesses Choose Our Reporting
Right Judgement
We apply the reasonable grounds standard properly, so genuinely suspicious activity is reported and ordinary activity is not over reported.
Correct Filing
We prepare reports the way FINTRAC expects, so your filing is complete, timely, and stands up to scrutiny.
Fully Confidential
We manage the whole review discreetly, so the process never tips off the customer or breaches the rules.
Serving Businesses Across Canada
We support businesses right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and foreign businesses meeting their Canadian reporting duties wherever they happen to be based.
Let's Talk About Your Compliance Needs
Schedule a Free Consultation
Whether you’re starting a new MSB or need ongoing AML support, our team responds within one business day.
Review and Reporting Questions
Clear answers to the questions businesses ask most about reviewing suspicious activity and filing reports with FINTRAC right across Canada.
What is suspicious transaction reporting?
It is reviewing flagged activity, deciding if there are reasonable grounds to suspect, and filing a report with FINTRAC when there are.
Is there a dollar threshold?
No. A suspicious transaction report has no set amount. It turns entirely on whether there are reasonable grounds to suspect.
What about tipping off the customer?
Tipping off is prohibited. We handle the whole review and filing discreetly, so the customer is never alerted to the report.
How does this differ from transaction monitoring?
Monitoring watches and flags unusual activity. This reviews what is flagged, makes the decision, and files the report with FINTRAC.
Who actually files the report?
We prepare and file it with FINTRAC on your behalf, applying the standard and meeting the reporting deadline for you.