July 5, 2023 – FINTRAC Compliance and Preparing for Examinations

The recording for this session was only available for three months and is no longer available effective October 5, 2023.

On Wednesday, July 5, we were joined by Rebecca Ip, Partner at KPMG Forensic. Rebecca provided a comprehensive session on what money laundering is, how to comply with FINTRAC requirements, suspicious transaction reporting, and best practices in preparing for FINTRAC examinations. Rebecca has included a list of useful resources near the end of her presentation for perusal.

Disclaimer: This presentation has been prepared based on KPMG’s AML Real Estate general industry knowledge. The content should not be viewed as regulatory or legal advice.

Also note that FINTRAC will be presenting at BCREA’s Managing Broker Conference November 8 – 9, 2023, and registration is open here. Early bird pricing is currently in effect, and you’ll want to register early as some of our sessions have limited capacity, so this is your opportunity to tailor your conference experience to your interests!

Please note the recording of this webinar will only be available on BCREA Access for a period of three months.
Session slide deck (KPMG)

Resources:

BCREA Courses:
FINTRAC Resources:
FINTRAC Consultation:
- Consultation on Strengthening Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime
- Comments or feedback in response to specific questions and issues identified in the consultation paper, as well as any further comments or feedback relevant to the scope of this consultation can be emailed to FINTRAC at [email protected] with “Consultation Submission” as the subject line.
- Submissions to this consultation will close on August 1, 2023.

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Past Sessions

November 1, 2023 – Managing Brokers Policies and Procedures Manual Template & Standard Forms Launch

On Wednesday, November 1, 2023, we were joined by Jim McCaughan, Professional Services Support Advisor at BCREA, and Ryan DeLuca, Managing Director at 25th Hour Regulatory Consulting. Jim provided an informative overview of BCREA’s November 2023 Standard Forms Launch, including a summary of the forms change process, standard forms resources, a synopsis of the standard forms launch itself, and more. Ryan gave an invaluable presentation on topics such as why brokerages need a policies and procedures manual, things to consider when creating the manual, sections to include in the manual, best practices, and more.

Session slide deck (25th Hour Regulatory Consulting)
Session slide deck (BCREA)

Resources:

BCREA Standard Forms Pre-Launch Package
BCREA Policies & Procedures Template
- Please note clicking on the Managing Brokers Policies and Procedures Manual Template link above will directly download a Word document that is not viewable on your device until downloaded.
BCREA Standard Forms email address: [email protected]
Ryan DeLuca – BCREA Managing Brokers’ Conference Speaker Video
BCREA Managing Broker Support Line:
- Lower Mainland: 604-520-9440
- Toll-Free: 1-844-414-8655
- Email: [email protected]

The views expressed in these presentations are those of the speakers and do not reflect the views of BCREA or its member boards. Please note, the content of these presentations was current as of the date of each session and we cannot guarantee the accuracy of information provided in past sessions.