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Seven Misconceptions REALTORS® May Have About FINTRAC

Author: 
Alim Jessa

Publication date:
November 22, 2022
Article Summary: 

Addresses seven common misconceptions that realtors may have about the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). FINTRAC is the regulatory body responsible for combating money laundering and terrorist financing in Canada. The article aims to clarify misunderstandings and provide accurate information regarding realtors' obligations and responsibilities under FINTRAC regulations. It discusses topics such as reporting requirements, client identification, record-keeping, and compliance measures. By addressing these misconceptions, the article seeks to ensure that realtors have a better understanding of their obligations and can fulfill their compliance duties effectively.

Keywords: 

realtors, FINTRAC, misconceptions, money laundering, terrorist financing, obligations, responsibilities, reporting requirements, client identification, record-keeping, compliance measures, regulatory body, compliance duties.




Source Citation: 
Alim Jessa

Seven Misconceptions REALTORS® May Have About FINTRAC
November 22, 2022
https://www.creacafe.ca/seven-misconceptions-realtors-may-have-about-fintrac/
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