Staying updated with regulatory changes is paramount in our industry, ensuring compliance and fostering trust and transparency within our transactions.
We are excited to highlight an upcoming opportunity for you to deepen your understanding of the recent updates to the FINTRAC Regime materials by participating in a webinar hosted by CREA.
Event details:
- Date: Thursday, Feb. 22
- Time: 2 to 3:30 p.m. EST (noon to 1:30 p.m. MST)
During this session, CREA's General Counsel, Simon Parham, will provide valuable insights into the latest revisions and answer any questions regarding the updates.
These changes are not a result of new FINTRAC requirements but, rather, to address areas REALTORS® are encountering difficulties in complying with regulations and include:
- Revisions to the client risk section of CREA’s Information Record templates to assist members in ascertaining their client’s risk of money laundering and terrorist financing.
- A revised Receipt of Funds template to clarify that information on the person providing the funds needs to be recorded.
- An updated Risk Assessment Form intended to assist brokers, step-by-step, in determining their brokerage’s risk of money laundering or terrorist financing.
CREA also published a CREA Café article that provides added context to the updates.
Why should you attend?
- Stay compliant: Understand the updates to CREA’s FINTRAC Regime materials to ensure your practices align with the latest regulatory requirements.
- Enhance risk assessment: Gain clarity on the revised templates and forms to assist you in assessing the risk of money laundering and terrorist financing within your transactions.
Can't make it?
If you're unable to attend the live session, don't worry! The webinar will be recorded and made available on member.CREA.ca for your convenience. You can access the recording at your own pace following the event.
How to register:
Secure your spot today by registering using the following link: Register now
Stay connected:
For further updates and resources, visit CREA’s member portal and explore the updated FINTRAC forms available on CREA WEBForms®.
For any inquiries or assistance, please contact CREA’s Member Experience Centre at support@CREA.ca.
In a constantly evolving regulatory landscape, knowledge is power. By participating in this webinar, you're taking proactive steps to stay informed and compliant, ultimately contributing to the integrity of our profession.
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