FINTRAC Compliance Resources
FINTRAC requirements are now effective. As of October 11, 2024, The Proceeds of Crime (Money Laundering) and Terrorist Financing Act apply to mortgage brokers, lenders, and administrators (collectively referred to as “brokers”). Non-compliance may lead to significant consequences. FINTRAC has indicated a transition period for compliance, which should be sufficient for you to prepare, though the exact duration is not specified.
To assist you in preparing for these regulatory changes, CMBA-BC has created a comprehensive resource hub tailored for mortgage brokers. We have partnered with experts and solution providers to guide you through the compliance process.
An Introduction to FINTRAC Compliance Requirements
An Introduction to FINTRAC Compliance Requirements
On October 11, 2024, significant changes will take effect under the federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), which will impact mortgage brokers, administrators and lenders in Canada. These requirements will be administered by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). It is essential for professionals in the mortgage industry to understand and prepare for these changes to ensure compliance.
Learn More HereCOURSE
On-demand FINTRAC Compliance Course
Learn More HereFINTRAC Compliance Program Requirements
FINTRAC has released an informative video to guide you in understanding your responsibilities under anti-money laundering (AML) and anti-terrorist financing (ATF) regulations.
The following resources are available exclusively for members.
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WEBINARS
UPCOMING WEBINAR – Expert Series: FINTRAC Compliance
On April 24, join us for an insightful session on moving beyond simply “checking the right box” to building a strong FINTRAC compliance culture. We’ll discuss key challenges, share best practices from successful reporting entities, and dedicate half of the session to a live Q&A.
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