Cash is defined in section 1 of the FIC Act as: coins, and paper money of the Republic or of another country that is designated as legal tender and that circulates as, and is customarily used and accepted as, a medium of exchange in the country of issue, and travellers’ cheques. 

Cash does not include bearer negotiable instruments, a transfer of funds by means of bank cheque, bank draft, electronic funds transfer or other written order that does not involve the physical transfer of cash, and these methods of transferring funds will not be covered by the cash threshold reporting obligation.

Category: Compliance and supervision / Cash threshold reporting