EXPLORE PROGRAMS
The Large Virtual Currency Transaction Report (LVCTR) captures receipts of 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. LVCTR applies to a wider set of reporting entities than DIVCs alone — any reporting entity that receives virtual currency in scope can trigger an LVCTR. This course walks reporting staff through the LVCTR trigger, the 24-hour rule, valuation methodology, conductor and beneficiary information, the timing and method of submission, and how to correct errors. It is calibrated for both DIVCs and non-DIVC reporting entities that may receive virtual currency. Sample LVCTRs illustrate every field.
You will learn the LVCTR trigger and 24-hour aggregation rule, how to value virtual currency at the time of receipt, how to populate conductor and beneficiary information, the timing and method of submission, and how to correct errors and manage batched submissions.
Course Cost :
$100.00
