Advanced AML/ATF Compliance Training for Canadian Real Estate Agencies and Agents
11 Modules
The training consists of 11 modules, including videos, reading materials and tests.
3 Hours 6 Minutes
The training is 3 Hours 6 Minutes in total. You can learn at your own pace
Certificate
Complete the training successfully to get a certificate
$49.99
Who this training is for
Who it’s for
Real estate agencies, brokers of record, compliance officers.
Requirements
Participants should have a basic understanding of Canadian real estate transactions and agency workflows. Prior awareness of AML/ATF concepts is recommended, as this is an advanced training focused on applying PCMLTFA and FINTRAC obligations to complex real estate files.
What you’ll learn
Distinguish agency-level responsibilities from individual agent duties, including the personal suspicious transaction reporting obligation.
Apply a risk-based approach to real estate files, including complex ownership, third parties, private lending, non-resident clients, virtual currency, cash, money laundering, terrorist financing, and sanctions-evasion risk.
Collect and assess evidence for identity verification, source of funds, source of wealth, beneficial ownership, PEP/HIO determinations, third-party determinations, and transaction purpose.
Escalate and document suspicious activity without tipping off clients or undermining a potential investigation.
Prepare files for internal/external examiners, and be ready for FINTRAC examination by maintaining auditable records and quality assurance controls.
Syllabus
This version is designed for real estate agencies, brokers of record, compliance officers, branch managers, agents, sales representatives, and administrative staff who support purchase and sale transactions. If you are a real estate sales representative acting on behalf of a real estate broker, the requirements explained further below are the responsibility of the broker, except with respect to reporting suspicious transactions, which is applicable to both you and the broker. This training assumes that the audience already understands basic real estate practice and focuses on applying PCMLTFA requirements, associated regulations, FINTRAC guidance, agency governance, escalation, documentation, and examination readiness.
Important Note:
This training is a compliance education tool, not legal advice. Agencies should consider applicable provincial real estate rules, internal policies, insurer requirements, brokerage risk appetite, and external legal advice where needed. These additional considerations do not replace or reduce requirements under the PCMLTFA and associated Regulations.
Agency Scope, Accountability and Role Boundaries
Module 1 15 minutes to complete
What makes this an agency issue
Reading 3 mins
Agency role map
Reading 3 mins
Advanced practice points
Reading 3 mins
Compliance Program Governance for Real Estate Agencies
Module 2 14 minutes to complete
The five mandatory components
Reading 2 mins
Governance enhancements for larger agencies
Reading 3 mins
Effectiveness review expectations
Reading 3 mins
Enterprise and File-Level Risk Assessment
Module 3 14 minutes to complete
From enterprise risk to file decisions
Reading 3 mins
High-risk factors for real estate files
Reading 2 mins
Risk scoring model
Reading 3 mins
KYC and Identity Verification in Agency Workflows
Module 4 15 minutes to complete
When identity must be verified
Reading 3 mins
Identity methods and evidence quality
Reading 3 mins
Agency workflow design
Reading 3 mins
Entity Clients, Beneficial Ownership and Complex Structures
Module 5 14 minutes to complete
Beyond the registered name
Reading 3 mins
Complex structures that require challenge
Reading 2 mins
Evidence examples
Reading 3 mins
Third Parties, Source of Funds, Source of Wealth and Transaction Purpose
Module 6 14 minutes to complete
Third party is not the same as beneficial owner
Reading 3 mins
Source of funds vs source of wealth
Reading 3 mins
Transaction purpose and economic rationale
Reading 2 mins
PEP/HIO, Sanctions, Listed Property and Sanctions-Evasion Risk
Module 7 14 minutes to complete
PEP/HIO determinations in real estate
Reading 3 mins
Sanctions and listed property
Reading 3 mins
Common real estate sanctions-evasion patterns
Reading 2 mins
Red Flags, Suspicion Building and STR Decisioning
Module 8 15 minutes to complete
From red flag to reasonable grounds to suspect
Reading 3 mins
Writing a strong suspicion rationale
Reading 3 mins
No tipping off
Reading 3 mins
Transaction Reporting, Timelines and Escalation Controls
Module 9 16 minutes to complete
Core report types for real estate agencies
Reading 2 mins
Timeline discipline
Reading 4 mins
Escalation controls
Reading 4 mins
Recordkeeping, QA and FINTRAC Examination Readiness
Module 10 14 minutes to complete
Recordkeeping as proof of compliance
Reading 3 mins
Quality assurance model
Reading 2 mins
FINTRAC examination readiness
Reading 3 mins
Capstone Scenario Workshop — Multi-Risk Residential Purchase
Module 11 16 minutes to complete
Capstone Scenario Workshop — Multi-Risk Residential Purchase
Reading 10 mins
