Course Description

Welcome to RE/MAX Little Oak Realty Anti Money Laundering on line training program. The purpose of this training is to help our Realtors and support staff understand the following:

  1. Why knowing about Money Laundering and Terrorist Financing is important

  2. What is expected of us as a brokerage and agents

  3. How to apply the how to’s to our daily practises

  4. What could happen if we don’t 

  5. What changes are currently being looked at and considered

This training in no way replaces the mandatory course from the real estate council of BC and the information contained is subject to change as our governing authorities modify requirements. 

Money Laundering is an issue that affects all of us. The negative impacts to our society are numerous and range from:

The Safety of our communities to the harm that happens to our economy. 

We need to recognize the Real Estate industry is very large and is susceptible to being used for the purposes of laundering money. 

We hope you enjoy this course and encourage you as you upgrade your knowledge of this important issue. 

Peak Producer Mentor Facilitator

Don Goertz

Licensed in 1984 Don has participated at RE/MAX Little Oak Realty as a Salesman, Manager and was Broker Owner with Ray from 2000 to 2011. In addition to real estate, Don's passion is learning and improving process's.  He was certified as a John Maxwell Trainer and Coach in 2011. He is currently active as a REALTOR, Assistant Manager for the office as well as pursuing his goal of helping people discover more. 

Course curriculum

  • 1

    Introduction to Anti Money Laundering

    • Introduction - Why Anti Money Laundering is Important

    • What is Money Laundering?

    • 3 Different Stages of Money Laundering

    • The Vancouver Model

    • Impacts of Money Laundering

    • Pop Quiz
  • 2

    Anti Money Laundering Background

    • History of AML/ATF

    • Canada's Role

    • What is Terrorist Financing

    • PCMLTFA Objectives

    • Who is FINTRAC and What are their Objectives

    • Pop Quiz
  • 3

    Real Estate and Money Laundering

    • 9 Reasons Real Estate is Used for Money Laundering

    • 3 Methods Used In Money Laundering

    • Money Laundering Schemes

    • Money Laundering with Real Estate

  • 4

    Realtor Compliance Obligations

    • 014 Compliance Overview and Obligations

    • Four Key Obligations of Brokerage and Sales Representatives

    • Know your Client & 4 triggers to note

    • How to Identify Your Client

    • Confirming & Identifying Corporate Entities

    • Third Parties: When are they a third party

    • Business Relationships and Ongoing Monitoring

    • Reporting and Record Keeping

    • What if we don’t comply? Who’s responsible?

    • Realtor Obligations Quiz

  • 5

    What are Suspicious Transactions

    • The Importance of Identifying and Reporting Suspicious Transactions

    • 024 What are Reasonable Grounds_how to identify

    • When and How to submit Suspicious Transaction Report

    • Quiz on Suspicious Transactions

  • 6

    Emerging Issues

    • Emerging Issues

    • Pop Quiz
  • 7

    Supplementary Lessons & Resources

    • Using the Really Trusted App

    • Using the Really Trusted App Remotely and In Person

    • FINTRAC Individual Form - Correct way to Fill out

    • What is Terrorist FInancing - Links

    • Article from FINTRAC Nov 2016

    • Frequently Asked Questions - CREA resource May 2020

    • Frequently Asked Questions May 2020 - FINTRAC Resource

    • It's the Law Brochure

    • Why Do Realtors Ask Your Personal Informaiton
  • 8

    RESOURCES

    • Resources