Beyond Compliance: The Essential Guide to Navigating Canada’s New AML Era

With money laundering in Canadian real estate under intense scrutiny, mortgage brokers are facing unprecedented regulatory and reputational pressures. As of October 2024, every broker, lender, and administrator must comply with updated FINTRAC anti-money laundering (AML) standards. The stakes are high: non-compliance ​​can expose brokers to regulatory reviews and reputational risks. In this rapidly evolving environment, understanding and implementing robust AML practices isn’t just a legal requirement – it’s a competitive necessity. =

This white paper delivers a high-level, actionable roadmap for mortgage brokers to strengthen compliance, reduce risk, and build lasting trust with clients and lenders. You’ll discover practical strategies for meeting the four pillars of AML compliance while learning how to spot red flags and handle complex borrower scenarios. With broker-ready tools, checklists, and real-world examples, this guide will help you strengthen compliance practices and enhance partner confidence in your business. 

In this white paper, you’ll learn to: 

• Gain a Competitive Edge: Learn how strong AML compliance builds trust with lenders and clients, protects your reputation, and positions you as a preferred partner in the market. 

• Master the Four Pillars: Get step-by-step guidance on verifying client identity, documenting risk factors, reporting suspicious transactions, and building a robust compliance program. 

• Practical Tools for Daily Success: Access checklists, gap analysis tips, and proven questions for business-for-self clients to simplify compliance and speed up approvals. 

Don’t risk falling behind in Canada’s fast-changing mortgage landscape. Download your free copy today and equip yourself with the knowledge and tools to stay compliant, win trust, and grow your business with confidence.