Suspicious Transaction Reporting (STR) Services
Detecting suspicious activity means nothing if the report itself never gets filed properly. We build the STR process that turns a confirmed alert into a clear, complete report FINTRAC accepts without question.
From Confirmed Alert to Filed Report
An STR is the end point of your monitoring: the moment a reviewed alert becomes a report to FINTRAC. That final step is where many businesses stumble, filing late, filing thin, or not filing at all. We build the workflow that carries a confirmed suspicion cleanly from your analyst’s desk to a submitted report.
Your Report Rests on Its Narrative
FINTRAC does not just want a flag; it wants to understand why the activity is suspicious. A weak narrative, vague, incomplete, or missing the point, undermines the whole report. We help your team write the grounds for suspicion clearly, capture the right detail, and submit reports that stand on their own, so your filings are genuinely useful rather than a box ticked.
Alert Handling
We build the workflow that turns a confirmed alert into a filed STR.
Narrative Writing
We help your team articulate the grounds for suspicion clearly and completely.
Timely Submission
We build the process that files reports within the deadlines FINTRAC requires.
Report Quality
We review submissions for completeness, so your reports hold up under scrutiny.
Ready to Simplify Your Compliance?
Businesses We Support With Reporting
We build suspicious transaction reporting for money services businesses, payment service providers, cryptocurrency platforms, currency exchanges, real estate firms, and the many other reporting entities meeting FINTRAC reporting obligations 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 build a process where every confirmed suspicion becomes a filed report, so nothing reportable is quietly dropped.
Clearly Written
We help you write narratives that explain the suspicion properly, so FINTRAC understands exactly why you filed.
Always Timely
We build deadlines into your process, so reports reach FINTRAC on time rather than dangerously late.
Serving Businesses Across Canada
We deliver suspicious transaction reporting support 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.
STR Reporting Questions
Clear answers to the questions Canadian businesses ask most about producing and filing suspicious transaction reports to FINTRAC under the PCMLTFA.
What is a suspicious transaction report?
A report filed to FINTRAC when you have reasonable grounds to suspect a transaction relates to money laundering or terrorist financing.
Is there a threshold for an STR?
No. An STR is triggered by reasonable grounds to suspect, regardless of amount, and even attempted transactions must be reported.
How quickly must we file?
As soon as practicable after you have taken measures that establish reasonable grounds to suspect, so timeliness is built into the process.
What makes a strong STR narrative?
A clear explanation of who, what, and why the activity is suspicious, with enough detail for FINTRAC to understand the grounds.
Can we tell the customer we filed?
No. Tipping off a customer that a report has been or may be filed is prohibited, and your process should prevent it.