How is this course structured?

The course has two core content modules and a final assessment. Module 1 covers LCT fundamentals, and Module 2 focuses on the reporting process, submission methods, and record-keeping requirements. Each module includes videos, interactive activities, and quizzes.

How will this course support my professional development?

This course equips you to meet Canada's FINTRAC reporting obligations accurately and confidently, a critical competency for anyone working in AML compliance, financial operations, or regulatory risk management.

What will I get if I subscribe to this Specialization?

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

Is financial aid available?

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

Large Cash Transaction (LCT) Reporting in Canada

Ce cours n'est pas disponible en Français (France)

Nous sommes actuellement en train de le traduire dans plus de langues.

Large Cash Transaction (LCT) Reporting in Canada

Ce cours fait partie de Spécialisation "Anti Money Laundering: Canada"

Instructeurs : SkillUp

Inclus avec En savoir plus

3 modules

Obtenez un aperçu d'un sujet et apprenez les principes fondamentaux.

niveau Débutant

Expérience recommandée

2 heures à compléter

Planning flexible

Apprenez à votre propre rythme

3 modules

Obtenez un aperçu d'un sujet et apprenez les principes fondamentaux.

niveau Débutant

Expérience recommandée

2 heures à compléter

Planning flexible

Apprenez à votre propre rythme

Ce que vous apprendrez

Define Large Cash Transactions (LCTs) and identify when reporting obligations are triggered
Apply the 24-hour aggregation rule and accurately assess transaction thresholds
Distinguish between cash and non-cash instruments, including foreign currency handling
Demonstrate correct procedures for submitting LCTRs to FINTRAC and maintaining compliant records

Compétences que vous acquerrez

Catégorie : International Finance
Catégorie : Regulatory Compliance
Catégorie : Financial Regulation
Catégorie : Records Management
Catégorie : Financial Regulations
Catégorie : Financial Reporting
Catégorie : Compliance Management
Catégorie : Cash Handling
Catégorie : Auditing
Catégorie : Transaction Processing
Catégorie : Compliance Reporting
Catégorie : Financial Industry Regulatory Authorities
Catégorie : Record Keeping
Catégorie : Regulatory Requirements
Catégorie : Bank Regulations

Détails à connaître

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Récemment mis à jour !

septembre 2026

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Enseigné en Anglais

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Ce cours fait partie de la Spécialisation "Anti Money Laundering: Canada"

Lorsque vous vous inscrivez à ce cours, vous êtes également inscrit(e) à cette Spécialisation.

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Il y a 3 modules dans ce cours

Master Large Cash Transaction (LCT) reporting in Canada with this practical, compliance-driven course built for financial institutions, money services businesses (MSBs), and all FINTRAC reporting entities. Aligned to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), this 60-minute course gives you everything you need to recognize reportable transactions, apply the $10,000 cash threshold, and submit accurate Large Cash Transaction Reports (LCTRs), without second-guessing yourself.

You'll build a strong working knowledge of anti-money laundering (AML) compliance essentials: what qualifies as cash, how the 24-hour aggregation rule works across multiple transactions, and how to convert foreign currency to CAD using Bank of Canada rates. The course then takes you step by step through the full reporting lifecycle, from structuring the LCTR form correctly to choosing between FINTRAC's Web Reporting System (FWR), API, and paper submission methods, along with the record-keeping and retention requirements your organization needs to stay audit-ready. Through videos, real-world scenario activities, and practice quizzes, you'll move from understanding the rules to confidently applying them on the job. Practice and graded assessments and a final exam ensure you leave genuinely prepared, not just certified. Enroll today and meet Canada's FINTRAC reporting obligations with accuracy and confidence.

This module introduces the fundamentals of Large Cash Transaction reporting within the Canadian regulatory framework. You will learn what qualifies as an LCT, understand the $10,000 threshold, and identify what counts as cash. The module also explains the 24-hour aggregation rule and how multiple transactions are evaluated together. By building a strong conceptual foundation, this module prepares you to recognize reportable transactions accurately and consistently.

Inclus

2 vidéos3 lectures3 devoirs2 plugins

2 vidéosTotal 5 minutes

Large Cash Transaction: Definition and Examples2 minutes
What Counts as Reportable Cash?2 minutes

3 lecturesTotal 9 minutes

Course Overview 3 minutes
The 24-Hour Aggregation Rule4 minutes
Key Takeaways: Large Cash Transaction (LCT) Fundamentals2 minutes

3 devoirsTotal 19 minutes

Graded Quiz: Large Cash Transaction (LCT) Fundamentals9 minutes
Practice Quiz: What Is a Large Cash Transaction (LCT)?4 minutes
Practice Quiz: Cash versus Non-Cash Instruments and the 24-Hour Rule6 minutes

2 pluginsTotal 10 minutes

Activity: Course Readiness Check 5 minutes
Activity: Knowledge-Based Scenario – Identifying LCTs5 minutes

This module focuses on the practical steps required to report Large Cash Transactions accurately and in compliance with FINTRAC regulations. You will learn how to handle foreign currency conversions, understand reporting timelines, and navigate different submission methods such as the Web Reporting System and API. The module also walks you through the structure of the LCTR form and outlines key record-keeping requirements. By the end, you will be equipped to complete and submit compliant reports with confidence while maintaining proper documentation.

Inclus

2 vidéos3 lectures4 devoirs5 plugins

2 vidéosTotal 6 minutes

Converting Foreign Currency to Canadian Dollar (CAD)3 minutes
Large Cash Transaction Reporting Methods3 minutes

3 lecturesTotal 7 minutes

Reading: Record Retention for LCT Compliance 2 minutes
Front-line LCTR Process: A Step-by-Step Guide3 minutes
Key Takeaways – LCT Reporting Process and Compliance Requirements2 minutes

4 devoirsTotal 27 minutes

Graded Quiz: LCT Reporting Process and Compliance Requirements15 minutes
Practice Quiz: Foreign Currency and LCT Threshold Evaluation4 minutes
Practice Quiz: Submitting LCTRs to FINTRAC4 minutes
Practice Quiz: Record-Keeping and Compliance Requirements4 minutes

5 pluginsTotal 25 minutes

Activity: Example-Based Conversion Scenarios5 minutes
Activity: LCTR Form on the FINTRAC Web Reporting System: A Section-by-Section Guide5 minutes
Activity: Selecting the Correct Reporting Method 5 minutes
Activity: Required LCTR Record-Keeping5 minutes
Activity: Check the Required Records5 minutes

This final module reinforces the key principles of Large Cash Transaction reporting and prepares you for real-world application. You will review essential concepts such as LCT thresholds, aggregation rules, reporting timelines, and compliance requirements. The module concludes with a final assessment to evaluate your understanding and ensure readiness to perform LCT reporting responsibilities accurately and confidently.

Inclus

1 lecture1 devoir

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Instructeurs

SkillUp

169 Cours568 521 apprenants

Offert par

SkillUp

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Foire Aux Questions

This course is designed for compliance officers, frontline staff, and operational teams at financial institutions, money services businesses (MSBs), and any FINTRAC-regulated reporting entity responsible for identifying and reporting large cash transactions.

No prior experience is required. The course is beginner-friendly and introduces LCT reporting concepts from the ground up, making it accessible to newcomers and a useful refresher for experienced compliance professionals.

You will learn how to identify reportable large cash transactions, apply the $10,000 threshold and 24-hour aggregation rule, handle foreign currency conversions, complete and submit LCTRs to FINTRAC, and maintain compliant records.

To access course materials, assignments, and earn a Certificate, you'll need to purchase the Certificate experience when you enroll in a course. Eligible learners may also have the option to start with a Free Trial. Some courses may also offer a Full Course, No Certificate option. This lets you access course materials, submit required assessments, and receive a final grade, but you won't be able to earn or purchase a Certificate.