EXPLORE PROGRAMS
The Large Virtual Currency Transaction Report (LVCTR) is one of the most operationally challenging reports under the PCMLTFA. Reporting entities that receive virtual currency in an amount equivalent to CAD 10,000 or more in a single transaction — or in two or more transactions within 24 hours from the same conductor — must report. This focused training walks LVCTR responsibility-holders through the trigger, aggregation, valuation, 24- hour rule, conductor and beneficiary information, and FINTRAC's submission portal mechanics. It also covers exemptions, error correction, and how to handle high-volume operational environments. The course uses sample LVCTR filings and walks line-by-line through FINTRAC's published guidance.
You will learn the LVCTR trigger and 24-hour aggregation rule, how to value virtual currency at the time of receipt, how to populate every field in the LVCTR (Parts A through G), the timing for submission, how to correct errors and handle batched submissions, and how LVCTR interacts with STR and EFTR obligations.
Course Cost :
$100.00
