Guides
FINTRAC, explained for leasing companies & dealerships
Plain-language answers to the questions financing & leasing businesses actually search: what changed on April 1, 2025, what a compliance program must contain, and what an examination looks like. Each guide cites FINTRAC's own guidance.
The April 1, 2026 change: FINTRAC now examines businesses that lease or finance on their own paper
Financing and leasing businesses became FINTRAC reporting entities on April 1, 2025, and FINTRAC's stated first year of engagement, outreach and guidance ran to April 1, 2026. Here's who is caught, what obligations attach, and what you must have in place before an examiner calls.
Read the guide → · 4 min
FINTRAC compliance program requirements: the five elements explained
Every FINTRAC reporting entity must have a documented compliance program with five specific elements. Here's what each one means in practice for a leasing company or dealership, and what examiners look for in each.
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How a FINTRAC examination works, and how to prepare
What actually happens when FINTRAC examines a financing or leasing business: the notice, the document request, the file review, and the findings process. Here's the sequence and how to be ready for each stage.
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FINTRAC client identification methods: what counts as valid KYC
FINTRAC accepts a specific set of methods for verifying who your client is, and each one has rules about acceptable documents, timing and record content. Here's what a leasing company or dealership needs to capture on every in-scope contract.
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Bill C-12 penalties: what FINTRAC non-compliance actually costs
Bill C-12 raised FINTRAC's penalty ceilings roughly 40-fold and made a missing compliance program a 'very serious' violation on its own. Here's the real tiered structure and what it means for a leasing company or dealership.
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STR and large cash reporting obligations for leasing companies & dealerships
Beyond client identification, reporting entities must file specific reports with FINTRAC: suspicious transaction reports with no dollar threshold, and large cash transaction reports at $10,000. Here's what triggers each and what the report has to contain.
Read the guide → · 3 min