Large Cash Transaction Reporting (LCTR) Services
Every large cash transaction has to be reported, no suspicion required at all. We build the LCTR process that catches every reportable cash transaction and files it to FINTRAC correctly and on time.
Reporting Cash by the Rules, Not by Suspicion
An LCTR is not about whether a transaction looks suspicious. It is a flat rule: receive ten thousand dollars or more in cash, and you must report it. That objectivity is what trips businesses up, because the obligation applies to ordinary customers and ordinary cash, and missing one is still a reportable failure.
The Twenty-Four Hour Aggregation Rule
The threshold is not just a single transaction. Multiple cash transactions that add up to ten thousand dollars or more within twenty-four hours, from the same customer or on their behalf, must be combined and reported as one. This rule catches customers who split cash to stay under the limit, and getting the aggregation right is where many reporting processes quietly fail.
Threshold Detection
We build detection that flags every cash transaction reaching the reporting threshold.
Aggregation Logic
We apply the twenty-four hour rule, so split cash transactions are combined correctly.
Accurate Filing
We file complete large cash transaction reports to FINTRAC within the deadline.
Structuring Alerts
We flag customers who split cash deliberately to avoid the reporting threshold.
Ready to Simplify Your Compliance?
Businesses We Support With LCTR
We build large cash transaction reporting for money services businesses, currency exchanges, cryptocurrency platforms, real estate firms, casinos, and the many other reporting entities that handle cash under the PCMLTFA.
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 Approach
Nothing Missed
We catch every reportable cash transaction, so a routine filing obligation never becomes a compliance gap you did not notice.
Aggregation Right
We apply the twenty-four hour rule correctly, so combined cash transactions are reported and structuring does not slip past.
Always Timely
We file within the deadline FINTRAC sets, so your reports are never late and never a finding.
Serving Businesses Across Canada
We deliver large cash transaction reporting right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and for foreign reporting entities carrying Canadian obligations wherever they operate.
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.
Large Cash Reporting Questions
Clear answers to the questions Canadian businesses ask most about reporting large cash transactions to FINTRAC under the PCMLTFA and the aggregation rule.
What is a large cash transaction report?
A report to FINTRAC of any cash transaction of ten thousand dollars or more, filed regardless of whether it seems suspicious.
What is the twenty-four hour rule?
Multiple cash transactions totalling ten thousand dollars or more within twenty-four hours from one customer must be combined and reported as a single transaction.
Does suspicion trigger an LCTR?
No. An LCTR is triggered by the cash amount alone. Suspicion triggers a separate suspicious transaction report instead.
How is LCTR different from an STR?
An LCTR is objective and threshold-based on cash amount. An STR is judgment-based, triggered by reasonable grounds to suspect, with no threshold.
How soon must an LCTR be filed?
Large cash transaction reports must be filed within the deadline FINTRAC sets, so a reliable, timely filing process is essential.