Real Estate brokerages run afoul of money laundering rules via The Globe and Mail

Matt McGuire, The AML Shop Practice Leader, recently contributed his expert insights in this Globe and Mail piece regarding the Real Estate industry and Anti-Money Laundering Regulation.

via the Globe and Mail:

“I’ve audited dozens of real estate brokerages,” said Matt McGuire, a financial crime expert who is the co-founder of The AML Shop, a 20-person consultancy that trains and audits compliance programs. “If you look [at] FINTRAC’s results from conducting examinations you’ll find that nearly all of them have had a significant deficiency."