Real Estate Agents, Money Laundering And FINTRAC in Canada

Every level of government in Canada is dedicated to reducing money laundering in the real estate market, specifically since home prices have surged. FINTRAC is the government agency/program tasked with the crack down of illegal funds.

In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty covers your real estate agents role in helping the federal government identify suspicious transactions.

#fintrac #realestatecanada #moneylaundering

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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.