Anti-Money Laundering Resources

Sep 25, 2020

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Posted by
Marianne Brimmell
Communications Specialist

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Last updated: October 16, 2020

Ensuring REALTORS® have the resources to meet anti-money laundering requirements is an important step towards keeping money from criminal activity out of BC’s housing market. BCREA has created this dedicated page to help Realtors access BCREA’s anti-money laundering resources. Throughout the fall, we’ll add to these resources with new blog, podcast and video content on anti-money laundering topics.

Background

Money laundering is an issue of significant concern for all British Columbians. At BCREA, we take the issue very seriously. We continue to be active participants in the Cullen Commission of Inquiry into Money Laundering in British Columbia, where we have been providing information, documentation, and expertise. We are scheduled to give public testimony in early spring 2021. BCREA is committed to ongoing sectoral efforts that foster increased awareness, understanding and best-practice compliance around money laundering as a strategic priority. By strengthening our practices, we can assist government in assessing and minimizing this issue while also better protecting our communities.

We recently introduced a new educational initiative called Mastering Compliance: Anti-Money Laundering Training for Brokers, a blended learning program focused on best-practices and anti-money laundering compliance. The program launched on Monday, October 5. Click here to learn more.

Below, Realtors can access BCREA's resources, communications and advocacy materials related to this issue.

Resources

News Releases

Blog Posts

Media Coverage

Advocacy

Submissions
In 2019, BCREA actively participated in Peter German’s review of money laundering in gambling, luxury cars and real estate and Maureen Maloney’s Expert Panel on Money Laundering. View our submissions below:

BCREA also monitors the BC Government’s various anti-money laundering initiatives and provides feedback on behalf of Realtors, as necessary. See the following recent documents for more information:

Recommendations
In 2019, BCREA brought together four other real estate sector partners to combat the issue of money laundering. This collaboration resulted in a commitment from all organizations involved to pursue shared best practices and recommendations for government, which you can find here.

To follow BCREA’s advocacy work on anti-money laundering and other issues, contact [email protected] to subscribe to the Advocacy Update, published every two weeks.

To subscribe to receive BCREA publications, or to update your email address or current subscriptions, click here.

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