Yes. They are also informed if transactions are under the $10,000 limit but occur within 24 hours or repetitively.
We work a great deal and very closely with the banks to identify money laundering indicators.
On January 28th, 2019. See this statement in context.
January 28th, 2019 / 3:50 p.m.
Deputy Director, Operations, Financial Transactions and Reports Analysis Centre of Canada
Yes. They are also informed if transactions are under the $10,000 limit but occur within 24 hours or repetitively.
We work a great deal and very closely with the banks to identify money laundering indicators.
See context to find out what was said next.