EXPLORE PROGRAMS
The Large Cash Transaction Report (LCTR) captures receipts of CAD 10,000 or more in cash in a single transaction, or in two or more transactions within 24 hours from the same conductor. LCTR is one of FINTRAC's oldest datasets and one of its most operationally sensitive — errors and omissions are a frequent examination finding. This course walks reporting staff through the LCTR trigger, the 24-hour rule, conductor and beneficiary information, exemptions (including the alternative-to-LCTR option for certain reporting entities), the timing and method of submission, and how to correct errors. Sample LCTRs illustrate every field.
You will learn the LCTR trigger and 24-hour aggregation rule, how to populate conductor and beneficiary information, how to apply exemptions and the alternative-to-LCTR option where available, the timing and method of submission, and how to correct errors.
Course Cost :
$100.00
