FINTRAC Interpretation Notices
FINs do not have the force of law
At the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), we issue FINTRAC interpretation notices (FINs) to provide technical interpretations and positions regarding certain provisions contained in the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations. Due to their technical nature, FINs are used primarily by our staff, lawyers, and other individuals who have an interest in this legislation. For those readers who prefer a less technical explanation of the law, FINTRAC's guidelines are designed to provide a plain language explanation of the Act and regulations.
While the comments in a particular paragraph in a FIN may relate to provisions of the law in force at the time they were made, these comments are not a substitute for the law. The reader should consider the comments in light of the relevant provisions of the law.
FINTRAC Interpretation Notices
- Criteria for "Engaged in a Money Services Business"
- Accountants – Giving Instructions Versus Providing Advice
- Opening an Account for a Person or Entity Engaged in the Business of Dealing in Securities Only Outside of Canada
- You can find updated information about this subject in Guideline 6E: Record Keeping and Client identification for Securities Dealers.
- The 24-Hour Rule
- Large Cash Transactions through Automated Banking Machines
- Financial Transaction Reporting to FINTRAC by Reporting Entities that are Part of a Multiple-Entity Organizational Structure
- Insolvency Practitioners Providing Trustee in Bankruptcy Services