Large Cash
Meet Canadian AML obligations with our automated solution for identifying, reporting, and recording large cash transactions of $10,000 or more.
Why Large Cash?
Under Canadian regulations, reporting entities must submit a Large Cash Transaction Report (LCTR) to FINTRAC for any single cash transaction, or multiple related cash transactions within a 24-hour period, that total $10,000 or more. This includes cash equivalents such as traveller's cheques and bearer bonds.
Our service streamlines the entire processāautomating detection, documentation, and reporting while maintaining audit-ready records for full compliance.
Who Is It For?
This solution is built for:
If your organization receives or processes large cash transactions, you are legally obligated to report and retain specific records. Our service reduces the manual burden while ensuring regulatory accuracy.
Key Benefits
Automatically detect and report large cash transactions that meet regulatory thresholds.
Stay compliant with built-in validation and timely filing to FINTRAC.
Every transaction and report is timestamped, archived, and retrievable for inspections.
Keep customer data safe with secure, encrypted recordkeeping on Canadian servers.
Use Cases
How It Works
Features
Instantly flags cash transactions at or above $10,000.
Detects related cash transactions from the same person within 24 hours.
Gathers the name, date of birth, occupation, and official ID of the person submitting the cash.
Stores reports and evidence in compliance with Canadian privacy laws.
Tracks every report, who submitted it, and whenāensuring accountability.
Frequently Asked Questions
What is considered a large cash transaction?
Any transaction involving $10,000 or more in cash (or cash equivalents), including linked transactions within 24 hours.
Do I have to identify the person paying in cash?
Yes. You must record and verify the name, DOB, occupation, and ID details of the individual.
Are multiple small transactions from the same person combined?
Yes. If the combined value reaches $10,000 within a 24-hour period, it must be reported.
Is digital or credit payment included?
No. Only cash and equivalent instruments like bearer bonds or travellerās cheques are included.
Where are reports stored?
All reports and supporting data are encrypted and stored securely on Canadian servers.
Getting Started
Simplify compliance for large cash transactions with a solution that keeps you protected, efficient, and audit-ready.
Fill out the short contact form below or choose another convenient way to reach us. Our team is here to listen, answer your questions, and help you get compliant ā fast.
Contact Us
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