Overview

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Master Large Cash Transaction (LCT) reporting in Canada with this practical, compliance-driven course built for financial institutions, money services businesses (MSBs), and all FINTRAC reporting entities. Aligned to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), this 60-minute course gives you everything you need to recognize reportable transactions, apply the $10,000 cash threshold, and submit accurate Large Cash Transaction Reports (LCTRs), without second-guessing yourself. You'll build a strong working knowledge of anti-money laundering (AML) compliance essentials: what qualifies as cash, how the 24-hour aggregation rule works across multiple transactions, and how to convert foreign currency to CAD using Bank of Canada rates. The course then takes you step by step through the full reporting lifecycle, from structuring the LCTR form correctly to choosing between FINTRAC's Web Reporting System (FWR), API, and paper submission methods, along with the record-keeping and retention requirements your organization needs to stay audit-ready. Through videos, real-world scenario activities, and practice quizzes, you'll move from understanding the rules to confidently applying them on the job. Practice and graded assessments and a final exam ensure you leave genuinely prepared, not just certified. Enroll today and meet Canada's FINTRAC reporting obligations with accuracy and confidence.

Syllabus

Large Cash Transaction (LCT) Fundamentals
- This module introduces the fundamentals of Large Cash Transaction reporting within the Canadian regulatory framework. You will learn what qualifies as an LCT, understand the $10,000 threshold, and identify what counts as cash. The module also explains the 24-hour aggregation rule and how multiple transactions are evaluated together. By building a strong conceptual foundation, this module prepares you to recognize reportable transactions accurately and consistently.
LCT Reporting Process and Compliance Requirements
- This module focuses on the practical steps required to report Large Cash Transactions accurately and in compliance with FINTRAC regulations. You will learn how to handle foreign currency conversions, understand reporting timelines, and navigate different submission methods such as the Web Reporting System and API. The module also walks you through the structure of the LCTR form and outlines key record-keeping requirements. By the end, you will be equipped to complete and submit compliant reports with confidence while maintaining proper documentation.
Course Wrap-Up and Final Assessment
- This final module reinforces the key principles of Large Cash Transaction reporting and prepares you for real-world application. You will review essential concepts such as LCT thresholds, aggregation rules, reporting timelines, and compliance requirements. The module concludes with a final assessment to evaluate your understanding and ensure readiness to perform LCT reporting responsibilities accurately and confidently.