Anti-Money Laundering & Anti-Terrorist Financing (FINTRAC)
This is an online course - no materials will be shipped.
The primary goal of this course is to equip mortgage professionals with a comprehensive understanding of the different requirements they must fulfill to comply with the new regulations for anti-money laundering and anti-terrorist financing established by Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
This continuing education course addresses the following topics:
• Implementing and Maintaining a Compliance Program
• Submitting Transaction Reports to FINTRAC
• Record Keeping Standards
• Know Your Client Requirements
• Ministerial Directives
• Penalties for Non-Compliance
