Canadian Mortgage AML/ATF Certification (FINTRAC Ready)
8 Modules
The training consists of 8 modules, including videos, reading materials and tests.
1 Hour 27 Minutes
The training is 1 Hour 27 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
Mortgage brokers, lenders, MICs, and admins operating in Canada.
Requirements
Basic familiarity with mortgage transactions and file flow. No prior AML certification required.
What you’ll learn
How AML and ATF obligations apply to mortgage transactions in Canada
When and how to identify and verify mortgage clients and entities
How to assess beneficial ownership and control in property structures
How to identify third-party involvement in mortgage files
How to assess source of funds and document receipt of funds
How to detect mortgage-specific suspicious transaction indicators
How to escalate concerns and meet FINTRAC reporting expectations
How to maintain defensible mortgage files during FINTRAC examinations
Syllabus
This online mortgage AML training course is designed for Canadian mortgage brokers, lenders, and administrators who must comply with FINTRAC obligations under the PCMLTFA. It provides practical, mortgage specific guidance on client identification, beneficial ownership, third-party involvement, source and receipt of funds, and suspicious transaction reporting.
Delivered in a module-based format, the training explains how AML and ATF requirements apply to real mortgage workflows, including brokered transactions, private lending, corporate borrowers, and complex ownership structures. Learners develop operational competence in applying a risk-based approach, documenting decisions, and escalating issues in a manner that is defensible during FINTRAC examinations.
The certification is suitable for frontline mortgage professionals and staff involved in onboarding, document collection, underwriting support, and fund handling, and is designed to support effective, examination-ready AML compliance programs in Canada.
AML and ATF in the Canadian Mortgage Industry
Module 1 4.5 minutes to complete
What Money Laundering and Terrorist Financing Mean in Mortgage Transactions
Reading 1 mins
Why Mortgages Are High Risk for Financial Crime
Reading 1 mins
Your Role as a Reporting Entity and Gatekeeper
Reading 1 mins
Canada’s AML Framework and FINTRAC Expectations for Mortgage Professionals
Module 2 7.5 minutes to complete
The PCMLTFA and Why Mortgage Professionals Are Regulated
Reading 1.5 mins
FINTRAC’s Role and How It Interprets Mortgage Obligations
Reading 1.5 mins
FINTRAC Examinations and What Mortgage Firms Are Assessed On
Reading 1.5 mins
The Risk-Based Approach in Mortgage Lending
Module 3 9.5 minutes to complete
What Risk Means in Mortgage Transactions
Reading 1 mins
Applying Proportionate Measures Based on Risk
Reading 1.5 mins
Documenting Risk Assessments and Decisions
Reading 4 mins
Client Identification Triggers in Mortgage Transactions
Module 4 8 minutes to complete
When Client Identification Is Required in Mortgage Activities
Reading 2 mins
Identification Triggers Related to Funds and Suspicious Activity
Reading 1 mins
Practical Application of Identification Triggers in Mortgage Files
Reading 2 mins
Methods of Verifying the Identity of Individual
Module 5 9 minutes to complete
Overview of Approved Identity Verification Methods
Reading 2 mins
Verifying Identity Using Government-Issued Photo Identification
Reading 1 mins
Credit File and Dual-Process Methods in Practice
Reading 3 mins
Entities, Beneficial Ownership, and Third-Party Risk
Module 6 8 minutes to complete
Step 1 of 6: Identifying Entities and Authorized Signers
Reading 1 mins
Verifying the Identity of Entities
Reading 1 mins
Understanding Beneficial Ownership and Control
Reading 1 mins
Trusts, Partnerships, and Other Structures
Reading 0.5 mins
Third-Party Determinations in Mortgage Transactions
Reading 1 mins
Documenting Ownership and Third-Party Determinations
Reading 0.5 mins
Source of Funds and Suspicious Activity in Mortgage Transactions
Module 7 10 minutes to complete
Source of Funds vs Receipt of Funds
Reading 1 mins
Common Mortgage Funding Scenarios and Risk
Reading 1 mins
Indicators of Unusual or Suspicious Funding
Reading 1 mins
Applying Reasonable Measures to Assess Source of Funds
Reading 1 mins
Escalation and Avoiding Tipping Off
Reading 1 mins
Documenting Source of Funds and Suspicious Activity
Reading 2 mins
Last Module - Record-Keeping, Ongoing Monitoring, and FINTRAC Defensibility
Module 8 10 minutes to complete
What FINTRAC Really Means by Record-Keeping
Reading 2 mins
Ongoing Monitoring in Mortgage Relationships
Reading 2 mins
How FINTRAC Assesses Mortgage Files in Practice
Reading 3 mins
