TITLE INSURERS
The Real Estate Industry is one of the most highly watched sectors by FINTRAC.
And, in more concerted efforts to detect and deter fraud and money laundering in Real Estate, FINTRAC will now have oversight on Title Insurers - a vital party in real estate transactions.
FINTRAC oversight means several new responsibilities for your business, including having an AML Compliance plan. Non-compliance can serve to put you in a position where you are paying tens of thousands of dollars in penalties and not to mention, reputational damage to your business, costing you new customers and partners.
The AML Shop currently works with Canada’s Top 3 Real Estate Networks and most National Title Insurance companies, thus you know you are in good hands with us to take care of your AML compliance because we understand your sector.
If you are a company that provides Title Insurance, or Real Estate Services, staying compliant is essential. Reach out to an AML expert today to get started contactus@theamlshop.ca
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