CREA's FINTRAC materials and forms have been updated. Minor clarifications and additions have been made regarding issues that have been brought to CREA's attention since the materials and forms were last updated in 2014.
The changes include:
- Clarification on the types of records that need to be kept to satisfy the obligation to keep records of measures taken to monitor a Broker's business relationships.
- Revisions to reflect FINTRAC's recently published Guidance on the Risk-Based Approach to Combatting Money Laundering and Terrorist Financing and the recent Supreme Court of Canada FINTRAC decision with respect to lawyers.
- More information on suspicious transaction records and reports.
- Minor formatting changes to CREA forms.
Revised CREA forms, which incorporate the changes, are available for download now onREALTOR Link® and will be available on WEBForms® on August 27, 2015.