FINTRAC Compliance

Responsibilities of Realtors

"The only thing necessary for the triumph of evil is for good {people} to do nothing".

Stepping Up.

This course is what this is about. It's about each one of us stepping up to be that "someone"; to be the one that is doing what needs to be done, and saying what needs to be said. Yes, we are talking specifically about FINTRAC compliance in this course, but not just because it's the law. 

This course is about what you are required to do by law, specifically the PCMLTFA. FINTRAC enforces this law. Remember, FINTRAC stands for Financial Transactions and Reports Analysis Centre of Canada. It is a financial intelligence unit that oversees the Canadian government's efforts to detect and deter money laundering and terrorist financing. 

Money laundering is a major target of FINTRAC because money laundering is part of all criminal activity that results in a profit. 

These are crimes like drug trafficking, human trafficking and sexual exploitation, smuggling and the illegal sale of weapons, and even romance scams. These crimes are happening around us. These crimes are happening across Ontario and all of Canada.