The Federal government is expanding their FINTRAC requirements when it comes to collecting personal information in an effort to crackdown on money laundering through the Canadian housing market.

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through the contents of the current FINTRAC form that all real estate agents must complete on behalf of their clients and the new survey being introduced to the current FINTRAC process.

What are your thoughts on this? Is this an overstep by the Canadian government or is the collection of this information reasonable?

#SurreyRealtor #SurreyRealEstate #FINTRAC

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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.

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