Reporting
Accountants and accounting firms, and their employees must file the following reports with FINTRAC:
- Suspicious transaction reports if there are reasonable grounds to suspect that a transaction or an attempted transaction in which the accountant or accounting firm is advising on is related to the commission or attempted commission of a money laundering offence or a terrorist activity financing offence.
- Terrorist property reports if the accountant or accounting firm has property in his, her or its possession or control that he, she or 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.
Accountants and accounting firms must also file large cash transaction reports with FINTRAC for cash transactions of $10,000 or more received in connection with a transaction in which they are providing advice.