Question 1

What will I learn in this Suspicious Transaction Reporting (STR) course?

Accepted Answer

This course teaches you how to identify, assess, and report suspicious transactions in compliance with Canada&#x27;s anti-money laundering (AML) and anti-terrorist financing (ATF) framework. You will learn how to recognize suspicious and attempted transactions, apply the Reasonable Grounds to Suspect (RGS) threshold, identify money laundering and terrorist financing indicators, and complete the Suspicious Transaction Report (STR) process accurately while meeting documentation and record-retention requirements under Canadian regulations.

Question 2

Do I need prior AML or compliance experience to take this course?

Accepted Answer

No prior AML or compliance experience is required. The course is designed for both new and experienced employees working in financial institutions, money services businesses (MSBs), and other FINTRAC reporting entities. Concepts are introduced clearly and reinforced through realistic scenarios and interactive activities, making the course suitable for frontline staff, operations teams, and compliance professionals seeking practical STR knowledge.

Question 3

How does the course help me determine when an STR must be filed?

Accepted Answer

The course provides a structured decision-making framework based on facts, context, and indicators to help you assess suspicious activity. You will learn how to distinguish unusual activity from activity that meets the Reasonable Grounds to Suspect (RGS) threshold, evaluate both completed and attempted transactions, and determine when an STR must be submitted to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Realistic scenarios help you develop confidence in making consistent and defensible reporting decisions.

Question 4

What types of red flags and risk indicators are covered in the course?

Accepted Answer

The course covers a wide range of suspicious transaction indicators related to customer identity, customer behaviour, transaction activity, and account usage patterns. It also includes sector-specific indicators relevant to money services businesses and other reporting entities, along with common indicators associated with money laundering, terrorist financing, and sanctions evasion. You will learn how to assess multiple indicators together to form a reasonable suspicion rather than relying on a single red flag.

Question 5

How does the course address STR filing, record-keeping, and avoiding tipping off?

Accepted Answer

You will be guided through the end-to-end STR reporting process, including documenting observations, supporting your reporting rationale, submitting reports to FINTRAC, and meeting applicable record-keeping requirements. The course also explains the legal prohibition against tipping off, helping you understand how to handle customer interactions appropriately and maintain confidentiality when suspicious activity has been identified or reported.

Question 6

When will I have access to the lectures and assignments?

Accepted Answer

To access course materials, assignments, and earn a Certificate, you&#x27;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&#x27;t be able to earn or purchase a Certificate.

Question 7

What will I get if I subscribe to this Specialization?

Accepted Answer

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.

Question 8

Is financial aid available?

Accepted Answer

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.