With regulatory pressure rising and hefty fines making headlines, CREA has refreshed its anti-money laundering (FINTRAC) compliance tools to help REALTORS^® stay ahead of the curve.

The updates are practical and user-friendly, utilizing three refreshed forms that REALTORS^® use in their day-to-day business.

• Brokerage Risk Assessment – Simplified and now aligned with FINTRAC’s guidance. It is intended to be used by brokers and/or compliance officers in assessing a brokerage’s overall risk of money laundering and terrorist financing. However, brokers/compliance officers may choose to speak to their sales representatives to answer some of the questions on the form. 

• Receipt of Funds – Two forms merged into one! Same info, with a simpler process.

• Client Risk on ID Forms – Out with the old “risk buckets”, in with a new scoring system to help flag high-risk clients and trigger brokerage safeguards—even a quick Google search can help.

Stay compliant. Stay confident. Click here to learn more in CREA’s FINTRAC Webinar.