Designed for licensees and made available for public information, some of the hyperlinks in this guideline are not publicly available.
8. Ensuring proper record keeping
Licensees are required to keep records of certain transactions, accounts and client identity.
These records must be kept in such a way that they can be provided to FINTRAC within 30 days of a request:
- Reports
- Suspicious transaction reports
- Terrorist property report
- Large cash transaction reports
- Large virtual currency transaction reports
- Large cash transaction records
- Large virtual currency transaction records
- Receipt of funds records
- Information records
- Documents concerning unrepresented parties
- Records of reasonable measures
A FINTRAC guideline "Record keeping requirements for real estate brokers" specifies the types of records that must be kept.1
1 Government of Canada, Financial Transactions and Reports Analysis Centre of Canada, https://www.fintrac-canafe.gc.ca/guidance-directives/recordkeeping-document/record/real-eng, visited on August 19, 2021.
