The REALTOR®'s Guide to Suspicious Transactions
In The REALTOR®'s Guide to Suspicious Transactions, REALTORS® will gain practical knowledge of suspicious indicators (red flags) in real estate related to money laundering, terrorist financing, and fraud. This course introduces the four most common fraud types in real estate. It also explains what constitutes reasonable grounds to suspect, which is the minimum threshold for reporting a transaction to FINTRAC.
After completing this course, learners will be able to notice consumer and client behavioural indicators, consumer and client financial indicators, transaction indicators, and licensee-related indicators of money laundering and terrorist financing. They will also be able to properly document their suspicions and collect the information required to file a Suspicious Transaction Report.
The primary goal of this course is to provide REALTORS® with accessible and practical education on how to detect the most common red flags of money laundering and terrorist financing in their day-to-day practice.
Testimonials
I found this course to be informative and interesting. The course provided a lot of information to help guide a licensee in determining whether a transaction is deemed suspicious, and explained the reporting requirements to FINTRAC.
Very informative and interesting course!
This course is well worth it and can be used in training sessions at your brokerage.
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