FINTRAC explains why REALTORS® ask for ID

NEW FINTRAC brochure explains to consumers

Why they are being asked for ID:

What You Need to Know

Money services businesses, including trades in real estate, have certain legal obligations under the federal law Proceeds of Crime (Money Laundering) and Terrorist Financing Act. 
REALTORS® have legal obligations which they must meet to be in full compliance with the law.
To inform consumers FINTRAC has published a multilingual booklet explaining these obligations in English, French, Arabic, Farsi, Punjabi, Spanish, Vietnamese and Chinese.

This brochure would be an asset to have in your resources kit. To learn more about the brochure and how to order go to: 

http://www.fintrac-canafe.gc.ca/publications/brochure/2012-06/1-eng.asp.

or

Go to http://www.fintrac-canafe.gc.ca/publications/brochure/05-2003/3-eng.asp to open a printable text version.

or

Click here to download the full colour pdf available at http://www.fintrac-canafe.gc.ca/publications/brochure/05-2003/PDF_files/3-eng.pdf !

By providing your information you can order copies of this new multilingual publication at: publications@fintrac-canafe.gc.ca