Internal Suspicious Transaction Reporting

When a broker or agent identifies unusual or suspicious activity, the concern must be reported internally without delay. Internal reporting allows the compliance team to assess the activity and determine whether a report to FINTRAC is required.

Internal Suspicious Transaction Report (ISTR)

• ABW Brokers and Agents must reach out to the Compliance Team right away at compliance@abwmortgage.ca
• ABW Brokers and Agents will be provided with an Internal Suspicious Transaction Report. The report must contain:
• All relevant details, observations, supporting documents, and file notes must be included
• Internal reports must be kept confidential and must not be disclosed to the client or any third party

Once the compliance team reviews all relevant information and documentation, they will make a decision as to if a report needs to be filed with FINTRAC and if the client relationship can continue.