Duhaime's Financial Crime & Anti-Money Laundering Law in Canada

Securities dealers must file the following reports with FINTRAC:

• Suspicious transaction reports if there are reasonable grounds to suspect that a securities transaction or an attempted transaction is related to the commission or attempted commission of a money laundering offence or a terrorist activity financing offence.
• Terrorist property reports if the securities dealer has property in its possession or control that it knows is owned or controlled by, or on behalf of, a terrorist or a terrorist group, as well as any information they have about a transaction or proposed transaction in respect of such property.
• Large cash transactions for cash transactions of $10,000 or more received by a client for a securities transaction.

Securities dealers must take additional steps to determine whether a client or recipient of an electronic funds transfer of $100,000 or more is a politically exposed person and take steps to establish the source of funds when a politically exposed person is involved in the transaction.