Bootstrap FAQ Template | PrepBootstrap

Large Cash Transaction Prescribed Transaction Report (PCT-PTR)

When do I need to submit a large cash transaction prescribed transaction report (LCT-PTR)

An LCT-PTR must be submitted for any cash transaction of $10,000 or more involving physical currency (notes and coins). An LCT-PTR must be submitted to the Police FIU using the goAML system.

Do I have to submit an LCT-PTR if my client goes to my bank and pays the cash into my account?

No. In this situation, you are not handling the cash. Your bank will be submitting a LCT-PTR.

General

Is there a Protection from breach of privacy under the Act For people who submit STRs

Yes, section 44 of the Act protects anyone who reports a suspicious transaction to the Police Financial Intelligence Unit.

SuspicionsAMLHub Frequently Asked Questions

When do I need to submit a large cash transaction prescribed transaction report (LCT-PTR)

Do I have to submit an LCT-PTR if my client goes to my bank and pays the cash into my account?

Is there a Protection from breach of privacy under the Act For people who submit STRs