Minimizing Law Suit Risks from AML Compliance Issues

Anti-money laundering requirements and civil liability for mortgage brokers

• Is a mortgage broker who does not satisfy regulatory AML requirements responsible to pay for financial losses caused to others?
• What guidance is available from legislation, the Courts, and recent developments in answering this question?
• What can a mortgage broker do to minimize the chances of being liable for such losses?

DATE: June 26, 2025
TIME: 10am – 11am PT/1pm-2pm ET

Speaker:

Ray Basi, LL.B., J.D.

Mortgage Broker Educator (current)
• Mortgage Broker Education by Ray Basi (MBERB)

Director of Education and Policy (11 years)
• Canadian Mortgage Brokers Association of BC (CMBA-BC)
• Mortgage Brokers Institute of BC (MBIBC)

Head of Information and Privacy (3 years)
• Financial Institutions Commission of BC (FICOM),
• Predecessor of BC Financial Services Authority (BCFSA)

Director of Information and Privacy (4 years)
• For four BC provincial government ministries
Lawyer in private practice (16 years)