FINTRAC has published updated resources related to upcoming changes to suspicious transaction reports (STRs) on its Draft Documents page. This includes updated draft guidance on STRs, expected to come into force in September 2023.
While the updated forms are not yet in use, it is important that you communicate these changes to your information technology (IT) teams and service providers. The documentation published this week includes JSON schemas and API endpoints.
For reporting entities that complete STR reporting manually through FINTRAC’s online reporting portal, it is also important to familiarize yourself with updated structured reporting fields, including:
- URL,
- Type of device used,
- Username,
- Device identifier number,
- Internet protocol address, and
- Date and time in which online session request was made.
These can be reviewed in the draft STR form.
Of course, if you require assistance, Outlier Compliance is here to help, please contact us.