Real Estate

Background

If you are operating in the Real Estate sector in Canada as a broker, sales
representative or a builder (under certain conditions), you are subject to Canadian
anti-money laundering (AML) and counter terrorist financing (CTF) requirements.
The Canadian regulator is the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). In addition to regulating the industry, FINTRAC receives
reports and publishes educational material for the industry.

As an organization that collects personal information (PI), The Office of the Privacy Commissioner of Canada will govern your practices regarding personal information. Industry members may also be subject to additional provincial level requirements, depending on where you’re doing business.

How Outlier Can Help

Outlier offers custom plain language AML and CTF compliance program components to help you meet your obligations as a Real Estate broker, sales
representative or developer.  The documentation that we create is intended to work with your existing compliance regime and business practices.

In all of our engagements, we look for ways to streamline your existing practices and empower business, while mitigating your regulatory risk.  Our consultants have completed work for Canadian reporting entities that includes:

• AML Policy creation and review,
• AML Program design, redesign and process engineering,
• Money laundering (ML) & terrorist financing (TF) Risk Assessments,
• AML Compliance Effectiveness Reviews,
• Self-Assessment Testing and Reporting,
• Privacy Policy creation and review, and
• Privacy Gap Assessments.

We also offer customized training packages that incorporate your practices, including specialized training for:

• Board of Directors,
• Management,
• Frontline Staff,
• Back-Office Staff (not customer facing),
• IT Staff, and
• Auditors and Audit Staff.

If you have been contacted by a regulator and require immediate assistance, please contact us.