Under FINTRAC guidelines, which action must an agent report within 30 days?

• A. Suspicious transaction
• B. Terrorist activities
• C. Protection of personal information under its control
• D. None of the above

Answer: (A)

Under FINTRAC rules, you must file a Suspicious Transaction Report whenever you have reasonable grounds to suspect that a transaction is related to money laundering or the financing of terrorism. The key detail here is the 30-day window: the report must be submitted within 30 days of detecting the suspicion or of the transaction in question. This requirement is what makes reporting a suspicious transaction the correct action in the given scenario.

Protecting personal information is a privacy obligation under other laws, not a FINTRAC reporting duty, and while terrorism-related reporting can involve FINTRAC, the 30-day rule specifically applies to suspicious transactions. Therefore, the right action is to report a suspicious transaction within 30 days.