Regulatory Alerts2021-06-10
FINTRAC Signs Memorandum of Understanding with the Organisme d'autoréglementation du courtage immobilier du Québec
FINTRAC has signed a Memorandum of Understanding with the Organisme d'autoréglementation du courtage immobilier du Québec (OACIQ) to coordinate compliance examinations and share regulatory information within Quebec's real estate sector. This agreement enables both agencies to exchange lists of regulated entities, compliance plans, and risk assessments to reduce administrative duplication and strengthen oversight of anti-money laundering and terrorist financing obligations. The partnership expands FINTRAC's network of sixteen active compliance agreements and aims to enhance regulatory expertise regarding evolving financial crime trends across Canadian real estate markets.
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