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Fintrac Takes STR Filing Portal Offline After ‘Cyber Event’

By Fred Williams

An unspecified "cyber event" has prompted Canada's financial intelligence unit to temporarily disable some of the "corporate systems" through which banks, money services business and other companies flag transactions as potentially illicit, the agency disclosed in an online statement. The Financial Transactions Reports Analysis Centre of Canada, which collects and reviews suspicious transaction reports on behalf of law enforcement, took the systems offline as a precaution, but noted that the agency's current cache of STRs and other classified information were not exposed as a result of the cyber event. In privately issued guidance obtained by ACAMS moneylaundering.com, Fintrac informed financial...

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