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INSIGHT: FINTRAC backlog – small firms face March 31 STR filing crunch

Picture: FINTRAC

By PAUL O’DONOGHUE, Senior Correspondent

THOUSANDS of small financial businesses in Canada are struggling to meet a March 31 deadline set by FINTRAC to file backlogged suspicious transaction reports (STRs).

The move comes nearly a year after a cyberattack crippled FINTRAC, the country’s anti-money-laundering agency.

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