The Real World of Real Estate

Money Laundering and Terrorist Financing with Bryan Statt

December 15, 2021 Gerald Tostowaryk Season 2 Episode 24
The Real World of Real Estate
Money Laundering and Terrorist Financing with Bryan Statt
Show Notes Chapter Markers

Bryan Statt from the Alberta Real Estate Association sits in with me to discuss Money Laundering and Terrorist Financing, and federal FINTRAC obligations.
We examine the world of international crime, how it finances its operations, and how the world's governments are working together to fight back. 
Our discussion includes an overview of what kind of information real estate clients must provide and practitioners must collect, as well as how that information is handled.

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Guest Introduction
Detailed Topic Introduction
History of FINTRAC
Which industries Need to Comply With FINTRAC legislation?
Top 5 Money Laundering Scandals of All Time
Money Laundering In Canada and Around The World
Is Money Laudering More in Residential or Commercial Real Estate?
What Are The FINTRAC Requirements for Consumers and Agents?
What Exactly is The Ongoing Requirement to Monitor Clients?
New AREA Complimentary FINTRAC Compliance Tool for Brokerages
What Information Must an Agent Ask a Consumer For?
How Is My Personal Information Used?
Does FINTRAC Collect Information in Other Ways?
Has All This Information Collection Made Any Difference?
How Can We All Help Fight These Criminal Activities?
Final Comments

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