EXPLORE PROGRAMS
Real estate brokers, sales representatives, and developers are reporting entities under the PCMLTFA. Real estate has long been identified by FINTRAC, the FATF, and the Cullen Commission as a preferred vehicle for laundering proceeds of crime, and supervisory attention on the sector has intensified. This training equips brokerages, registrants, and developers with the FINTRAC obligations specific to real estate: client identification and verification on both sides of a transaction where applicable, beneficial ownership of corporate purchasers, PEP/HIO determinations, ongoing monitoring, and STR/LCTR filing. It also addresses provincial real estate regulator expectations on conduct of business, trust accounts, and continuing education, including the BC Land Owner Transparency Registry where applicable.
You will learn how PCMLTFA obligations apply to real estate transactions, how to identify and verify purchasers and (where applicable) other parties, how to determine beneficial ownership of corporate purchasers, how to apply PEP/HIO rules, how to recognize ML red flags including unexplained cash, third-party funds, back-to-back transactions, and use of nominee structures, and how to file STRs and LCTRs.
Course Cost :
$100.00
