Five mandatory report types. Tight deadlines. Severe penalties for errors or missed filings. Quantoflow automates all of them — so your team focuses on compliance strategy, not paperwork.
FINTRAC administrative monetary penalties for non-compliance can range from tens of thousands to millions of dollars, determined case by case — and regulators are actively enforcing. Manual processes mean missed deadlines, data errors, and incomplete records. Quantoflow eliminates that risk with automated detection, validation, and direct submission for every report type.
Suspicious Transaction Report
Filed as soon as practicable when a transaction is suspected of being related to money laundering or terrorist financing. No fixed deadline — but unjustified delay is itself a violation. Any amount triggers reporting.
Filing Deadline
As soon as practicable
Non-Compliance Risk
Tens of thousands to millions — determined by FINTRAC
Large Cash Transaction Report
Mandatory for every cash receipt of $10,000 CAD or more, including 24-hour aggregation across multiple transactions from the same client. One of the highest-volume FINTRAC filings for MSBs.
Filing Deadline
15 days from receipt
Non-Compliance Risk
Tens of thousands to millions — determined by FINTRAC
Casino Disbursement Report
Required for every casino chip, token, or voucher redemption of $10,000 or more. Includes aggregation rules for multiple redemptions within a single gaming session.
Filing Deadline
15 days from disbursement
Non-Compliance Risk
Tens of thousands to millions — determined by FINTRAC
Electronic Funds Transfer Report
Filed for international electronic fund transfers of $10,000 or more sent or received on behalf of clients. Covers wire transfers and other international payment mechanisms crossing Canadian borders.
Filing Deadline
5 business days (outgoing) / 24 hours (incoming)
Non-Compliance Risk
Tens of thousands to millions — determined by FINTRAC
Large Virtual Currency Transaction Report
Filed when virtual currency received by a client within a single 24-hour period equals or exceeds $10,000 CAD equivalent. The tightest FINTRAC deadline — impossible to meet reliably without automation.
Filing Deadline
24 hours from receipt
Non-Compliance Risk
Tens of thousands to millions — determined by FINTRAC
Quantoflow handles all five report types — automatically detecting triggers, validating data, tracking deadlines, and submitting directly to FINTRAC. Most clients are up and running within a day.
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