FINTRAC: Compliance for REALTORS®, Brokers and Broker Managers

In FINTRAC: Compliance for REALTORS®, Brokers and Broker Managers, REALTORS® will study the following subject areas: complying with anti-money laundering and counter-terrorist financing obligations; overview of the compliance regime; risk assessment, mitigation, and monitoring; client identification, record keeping, and third-party determination; reporting and record keeping; and the Financial Transactions and Reports Analysis Centre of Canada's (FINTRAC) roles and responsibilities.

By the end of this course, learners will be able to define money laundering and terrorist financing and explain the international and domestic context. They will also be able to explain the roles and responsibilities that REALTORS®, brokers, and broker managers have and the steps they must take to meet their legislated requirements for anti-money laundering/counter-terrorist financing. REALTORS should be able to recall the five key elements of the compliance regime and explain their purpose.

This course will help all real estate professionals understand their responsibilities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and FINTRAC. Throughout the course, there are different streams for REALTORS®, Brokers, and Broker Managers with content specific to their areas of business.

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