Real Estate Businesses
Seamlessly meet FINTRAC requirements for client identification, third-party declarations, and large cash transactions—while closing real estate deals faster.
Who Is It For?
This solution is for regulated real estate entities in Canada that are obligated to comply with FINTRAC’s anti-money laundering (AML) rules, especially around client identification, large cash transactions, and third-party involvement.
Industry Overview
The Canadian real estate sector is under intense scrutiny due to its vulnerability to money laundering. FINTRAC mandates strict compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), which includes verifying the identity of clients, tracking large cash payments, and documenting beneficial ownership.
As housing markets boom and global investment increases, real estate professionals face growing risks and responsibilities in combating illicit transactions while keeping business friction low.
Common Challenges
Our Solutions
Fast & Compliant Client Onboarding
Capture and validate government-issued IDs from clients securely.
Automatically detect and prompt for required third-party disclosures.
Automated Transaction Monitoring & Reporting
Trigger alerts and pre-fill FINTRAC-compliant LCTRs when cash thresholds are crossed.
Spot transactions involving high-risk parties or unusual activity patterns.
Audit-Ready Recordkeeping
Store declarations, LCTRs, and ID documents securely for five years.
Provide proof of diligence instantly during FINTRAC inspections.
Brokerage-Level Oversight
Ensure agents, brokers, and compliance officers collaborate securely.
Track compliance activity across offices or franchises.
Services Relevant to This Industry
Collect and validate ID documents digitally, reducing paperwork and in-person meetings.
Automatically flag potential third-party involvement and gather signed declarations.
Detect, record, and report large cash payments that exceed regulatory thresholds.
Maintain all FINTRAC-mandated records securely for 5+ years, ready for inspection.
Ensure that brokers and agents are alerted of missing documentation or incomplete files.
Real-World Use Cases
Use Case 1: Agent closing a deal with a corporate buyer
The system prompts for beneficial ownership details and third-party declaration, ensuring FINTRAC compliance.
Visual suggestion: Form interface showing red-flagged corporate entity and third-party prompt.
Use Case 2: High-value residential property purchase in cash
Automatically triggers an LCTR with pre-filled client and transaction details, saving hours of manual work.
Visual suggestion: Auto-filled LCTR form with submitted status.
Use Case 3: Brokerage audit request from FINTRAC
Compliance officer exports full client files including IDs, risk notes, and transaction reports in minutes.
Visual suggestion: Dashboard with “Export to FINTRAC” audit package button.
Integrations / Compliance
Frequently Asked Questions
Are real estate brokers subject to FINTRAC regulations?
Yes. Real estate brokers and sales representatives must comply with the PCMLTFA, which includes client ID, third-party, and large cash transaction reporting.
What is the threshold for a Large Cash Transaction Report (LCTR)?
Any cash transaction of CAD 10,000 or more must be reported using an LCTR within the prescribed timeframe.
How do I verify a client's identity under FINTRAC rules?
Use government-issued photo ID, credit file verification, or dual process methods. Our platform supports digital collection and validation.
What if a client is acting on behalf of someone else?
You must collect a third-party declaration form. Our workflow guides you to identify and document these relationships correctly.
How long do I need to keep records?
At least five years after the last business transaction with the client.
Getting Started
Make real estate compliance frictionless and reliable. Our solutions help you stay ahead of regulations so you can focus on closing more deals.
Fill out the short contact form below or choose another convenient way to reach us. Our team is here to listen, answer your questions, and help you get compliant — fast.
Contact Us
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