Anti-Money Laundering in Real Estate

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  • MANDATORY FOR: ALL REAL ESTATE PROFESSIONALS, ONCE DURING THE LICENSING CYCLE OF APRIL 1, 2020 AND MARCH 31, 2022 (PROFESSIONALS WHO TOOK THE COURSE BETWEEN JANUARY 1 AND MARCH 31, 2020 MAY USE THIS TO RENEW THEIR LICENCE IN THE ABOVE MENTIONED PERIOD)

  • Anti-Money Laundering in Real Estate

    BCFSA’s Anti-Money Laundering in Real Estate course is designed to give you the tools and knowledge you need to help prevent illicit funds from entering our real estate markets. By staying current and informed on anti-money laundering requirements and best practices, you can ensure that consumers are well-protected, and that the public can have confidence in B.C.’s real estate industry.

    Cost: $100
    Register Now

Learn more about why BCFSA has developed the course, and the impacts of money laundering in real estate, in this brief video with Erin Seeley, Senior Vice President, Policy & Stakeholder Engagement at BCFSA, and Peter German, author of the Dirty Money reports and an authority on anti-money laundering policies in Canada.

Course Overview

Who Must Take the Course

All licensed real estate professionals are required to complete the Anti-Money Laundering in Real Estate course only once for relicensing purposes. Please note that there is only one version of this course and the course does not need to be taken again for subsequent licensing cycles. Whether you are a representative, an associate broker or a managing broker and whether you provide trading services, rental property management services or strata management services, you’ll learn valuable information about preventing money laundering in this new course.

What You Will Learn

This self-paced online course gives you the information you need to understand why real estate is attractive to money launderers, how to identify red flags for money laundering, and the steps to take to report suspicious transactions.

Most importantly, you’ll learn how to incorporate that knowledge into real actions that you can practice in your business. As a real estate professional, you are uniquely positioned to identify and report suspicious transactions because of your close working relationship with clients.

When to Take the Course

We encourage you to take the course as soon as possible within your two-year licensing period. Completion of the course is required in order to renew a licence beginning April 1, 2020.

Course Length

Anti-Money Laundering in Real Estate is an online course that can be completed at your own pace over a three day period. In most cases, it is estimated the course will require a total of 3-5 hours to complete.

The course must be completed within three days of registering, or the learner will be required to re-register.

Course Details

Developed in collaboration with anti-money laundering experts, the course is available through the Real Estate Division at UBC. It is a mandatory continuing education course for all licensed real estate professionals in BC. We thank FINTRAC for their support in this project.

Module 1Introduction and Money Laundering Basics
Module 2Background on the Anti-Money Laundering Regime
Module 3Real Estate and Money Laundering
Module 4Overview of Compliance Obligations
Module 5Suspicious Transactions
Module 6Emerging Issues

The course includes videos and knowledge check questions within each module. You will have three days from the start date you select in order to complete the course.
You must complete all course modules AND obtain a passing grade of at least 70% on the final assessment.

Once you have passed the final assessment, you will receive a course completion letter.

Registration Details

Register Now
  1. Registration for Anti-Money Laundering in Real Estate is online through the UBC Sauder School of Business website.
    Have your licence number and UBC Real Estate Division student ID number (if you have one) ready when you register for the course. Find your licence number using our Find a Professional search page.
  2. On the registration page, select a start date that suits your schedule from the list of available dates. You’ll have three days from the start date you select in which to complete the course.
  3. This is an online course that you can take at your own pace over a three day period and should take 3-5 hours to complete.

Once your registration has been processed, you will receive a confirmation email from the UBC Sauder School of Business with details for accessing the online course.