real estate companies

REAL ESTATE COMPANIES: AML & FINTRAC Compliance

Did you know that the Canadian real estate industry is strictly mandated to comply with FINTRAC regulations? At Fortis, we specialize in helping real estate brokers, agents, and developers confidently meet all regulatory AML requirements under the PCMLTFA.

If your brokerage or association is currently evaluating its AML policies or preparing for an upcoming FINTRAC exam, our team of seasoned compliance experts is ready to provide comprehensive support.

Furthermore, we collaborate closely with brokers and developers to conduct thorough compliance reviews, identifying potential gaps and implementing robust remediation strategies. It is essential to schedule regular program updates to ensure your requirements remain current and comprehensive. Moreover, please remember that mandatory annual Staff Training is a key FINTRAC requirement for the real estate sector.

Key Compliance Services for Real Estate

Our specialized expertise ensures that every critical aspect of your real estate compliance is covered:

FINTRAC Exam Readiness: We conduct comprehensive mock audits and gap analyses to ensure your brokerage is fully prepared for official regulatory examinations, effectively eliminating stress and avoiding costly penalties.

Property Risk Assessment: Our team performs deep-dive evaluations of property transactions and development projects to identify and mitigate money laundering risks inherent in the real estate sector.

Mandatory Staff Training: We provide industry-specific training programs tailored for real estate professionals, focusing on the identification of suspicious transaction patterns and ensuring full alignment with PCMLTFA standards.

WE WORK WITH REAL ESTATE BROKERS, DEVELOPERS, ASSOCIATIONS, AND TITLE INSURERS FROM COAST TO COAST.

KEY CONTACTS

Anna Maison

Principal, Risk Management and Technology 

Having held Chief Anti-Money Laundering Officer (CAMLO) and Chief Compliance Officer (CCO) roles both in Canada and internationally, Anna’s significant enterprise experience helps Canadian financial institutions (including credit unions), securities businesses, and mortgage lending businesses comprehensively and holistically manage AML compliance risk and anti-money laundering regulations.

Reach out to an AML Expert.