Description

Anti-money laundering and anti-terrorist financing requirements are now an important part of day-to-day mortgage practice. Mortgage professionals need to understand their individual responsibilities, recognize and assess potential risks, maintain appropriate records and know when activity may need to be reported to FINTRAC.

The Mortgage AML & FINTRAC Compliance Specialist Micro-Credential provides mortgage professionals with practical, specialized knowledge to help them understand and apply FINTRAC requirements in their everyday work.

Through two focused courses, this program combines essential regulatory knowledge with practical guidance on applying FINTRAC requirements to mortgage activities. Learners will explore Know Your Client requirements, risk assessment and ongoing monitoring, suspicious transaction reporting, record keeping and the documentation of money laundering and terrorist financing risks.

Earning this micro-credential demonstrates a commitment to understanding your compliance responsibilities and applying effective anti-money laundering practices in your day-to-day mortgage activities. It provides a recognized way to showcase specialized knowledge of AML, ATF and FINTRAC compliance while strengthening the practical skills needed to identify risk and meet regulatory obligations.

What You'll Gain

By earning the Mortgage AML & FINTRAC Compliance Specialist Micro-Credential, you will strengthen your ability to:

• Understand key AML and ATF requirements that apply to mortgage professionals.
• Apply FINTRAC requirements to practical situations encountered in day-to-day mortgage activities.
• Understand and apply Know Your Client requirements.
• Identify and assess money laundering and terrorist financing risks.
• Determine when the reasonable grounds to suspect (RGS) threshold has been met and when a Suspicious Transaction Report (STR) should be submitted.
• Apply risk-based ongoing monitoring practices within mortgage activities.
• Assess and document risk in alignment with FINTRAC expectations.
• Understand transaction reporting and record keeping requirements.
• Strengthen your ability to meet your individual compliance responsibilities as a mortgage professional.
• Demonstrate specialized knowledge of AML and FINTRAC compliance through an MPC micro-credential.

Total PD Hours: 4.5 hours