What should you be reporting under PCMLTFA?

• A. All customer interactions
• B. Routine cash deposits under $10,000
• C. Internal memos not related to AML
• D. Suspicious transactions, terrorist property, and large cash transactions of $10,000 or more

Answer: (D)

Under PCMLTFA, reporting is about indicators of money laundering or terrorist financing, not everyday transactions. Real estate professionals must file reports for suspicious transactions, for terrorist property, and for large cash transactions of $10,000 or more. This means you’d report unusual or deceptive activity that raises suspicion, any property tied to terrorism, and cash deals that reach or exceed the $10,000 threshold (including related transactions within a 24-hour window). Routine customer interactions and internal memos unrelated to AML aren’t reported to FINTRAC, and routine cash deposits under $10,000 aren’t triggered as large cash transactions even though you still maintain records. So the correct option captures the actual reporting categories mandated by the act.