EXPLORE PROGRAMS
Mortgage brokers, lenders, and administrators are reporting entities under the PCMLTFA. Mortgage fraud, including the use of straw borrowers, inflated incomes, falsified documentation, and integration of illicit funds through real-estate financing, has been identified as a significant ML risk in Canada. This training equips mortgage compliance officers, brokers, underwriters, and operations staff with the FINTRAC obligations specific to the sector: client identification and verification, beneficial ownership of corporate borrowers, PEP/HIO determinations, ongoing monitoring across the loan lifecycle, and STR filing. It also addresses provincial mortgage broker regulator expectations on conduct of business and continuing education.
You will learn how PCMLTFA obligations apply to mortgage brokers, lenders, and administrators, how to identify and verify borrowers, how to determine beneficial ownership of corporate borrowers, how to apply PEP/HIO rules, how to recognize mortgage-fraud and ML red flags, and how to file STRs and any applicable reports.
Course Cost :
$100.00
