Working with Clients: A Practical Guide to Anti-Money Laundering Requirements

Practice Resources
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Knowing your client is one of the most important obligations you have as a real estate professional. As part of your know your client responsibilities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Reporting Regulations (“PCMLTFA”), you must ensure that the information your client provides you with corresponds with their identification documents and other information sources like B.C.’s new Land Owner Transparency Registry, Land Title records, and the Corporate registry where appropriate.

To assist you with explaining your federal anti-money laundering obligations, in this video, we’ll walk through a typical client interaction.