Mortgage companies

Mortgage Brokers, Lenders and Administrators are now regulated under the PCMLTFA. This means that the mortgage sector in Canada is now covered by federal anti-money laundering legislation. Mortgage companies are now expected to have a compliance plan in place.

Now is the time to take action to get your compliance plans started, to mitigate future risk. Contact one of our aml experts today for more information or if you have any questions.

Check out our reference guide for the mortgage sector if you are an employer that is a broker, lender, or administrator, and you are unclear about your anti-money laundering regulatory obligations.

And, Watch a video below that outlines what these changes mean for the mortgage sector and the best-practices for developing an AML compliance program.