Anti-money laundering education for realty professionals
The biggest players in British Columbia’s real estate sector are weighing in on the government’s efforts to fight money laundering.
Mandatory anti-money laundering education for all real estate professionals is among recommendations submitted to the province and the federal government to tackle the issue in B.C.
Organizations like the BC Real Estate Association are among the groups pushing for the recommendations, many of which have to do with Canada’s financial intelligence agency, FINTRAC.
Generally, they want more FINTRAC data to be made available to B.C.’s professionals, lawmakers, and the media.
This comes a week after it was revealed in a report that Ottawa didn’t have any federal officers investigating money laundering in this province.