FINTRAC PCMLTFA Requirements for Mortgage Brokers and Lenders: 2024 Compliance Videos and Guide

As of October 11, 2024, Canada’s mortgage sector—administrators, brokers, and lenders—is now covered by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).

To help you understand your new obligations and get compliant, FINTRAC has released a series of video resources. Watch here:

• Mortgage Sector: Compliance program requirements
• The importance of suspicious transaction reports
• Understanding reasonable grounds to suspect
• What to consider when submitting a suspicious transaction report
• Mortgage Sector: Suspicious transaction reports