Fintrac RECO Update Course

- FINTRAC Compliance Unit 1
■ Welcome
1- The Right Thing
2- Stepping Up & FINTRAC Compliance
3- Course Progress
4- Unit Overview
5- Money Laundering in Your Community
6- Opioid Crisis
7- Victim Story
7- Money Laundering in the News
8- Money Laundering in our Midst
9- The Role of Real Estate
10- Defining Money Laundering and Terrorist Financing
11- Three Stages of Money Laundering
12- Defining Terrorist Financing
13- Money Laundering, Terrorist
14- Financing and Real Estate
15- Statistics - Connections with Fraud and Drug Crime
16- Statistics - Compliance
17- Statistics - Untraceable
18- Instruments
19- Actions to Take
20- Why comply with FINTRAC?
21- What do you think?
22- Question - Stages of Money Laundering
23- Money Laundering Schemes What to Watch For Indicators
24- Question - Foreign Buyers
25- Question - Source of Funds
26- Question - Connection to Buyers
27- Question - Cancelled Deals
28- More Information
29- Terrorist Financing and Movement of Money
30- FINTRAC Obligations
31- A Registrant's Role and Obligations
32- Your Work and FINTRAC How FINTRAC Helps
33- My Actions, Their Positive Impact and Effects
34- My Actions, Their Negative Impact and Consequences
35- FINTRAC Penalities
36- FINTRAC Penalities Continued
37- Consequences of Non-compliance
38- Question - FINTRAC Support
39- My Takeaways
40- Unit Summary

- FINTRAC Compliance Unit 2
1- Welcome Unit
2- Overview
3- Money Laundering in Your Community
4- Romance Scams
5- Victim Story
6- Money Laundering and Fraud
7- Question - Actions You Take Top Deficiencies in Real Estate
8- Know-Your-Client Obligation
9- Question - now- our-Client: Questions to Ask
10- Know Your Client - Vetting New, Buyers/Sellers
11- Know-Your-Client - Determine Property Type and Purposes
12- Know-Your-Client - About the Family
13- Verifying Client Identity -Individuals
14- Methods to Verify Identity -Individuals Question - Photo ID Options
15- Question - Foreign IDs
16- Question - Photo ID Authenticity
17- Question - ID Jurisdiction
18- Photocopying IDs
19- Credit File Method
20- When You Need the Dual Process Method
21- What do you think?
22- Question - Dual Process
23- Verifying Client Identity -Corporations
24- Foreign Buyers/Sellers and Agents/Mandataries
25- Monitoring Ongoing Business Relationships
26- Example - Monitoring Ongoing Business Relationships
27- Questions When Monitoring Business Relationships
28- What do you think?
29- Question - Business Relationships
30- Third-Party Involvement
31- Determining Third-Party Involvement
32- Real Life Case
33- Unit Summary

- FINTRAC Compliance Unit 3
1- Welcome Unit
2- Overview Unit
3- Overview, cont'd
4- The Impact of Money Laundering
5- Money Laundering in Your Community
6- Affordable Housing Crisis
7- Victim Story
8- Reporting Requirements
9- Three Required Reports
10- Question - Suspicious Transaction Reports
11- What STRs Reveal
12- Reasonable Grounds to Suspect
13- Filing a Suspicious Transaction Report
14- Characteristics of a Good STR
15- Submitting an STR
16- How to Submit an STR
17- Question - Is This Suspicious?
18- Review - A Good STR
19- Review - A Good STR, cont'd
20- Large Cash Transaction Reporting
21- What to Include in an LCTR
22- How to Submit an LCTR
23- Terrorist Property Reporting (TPR)
24- Watch Lists Terrorist Watch List
25- List of Terrorist Entities
26- How to Submit a TPR Real
27- Life Cases I
28- Recordkeeping Requirements
29- Client Information Records
30- Common Errors
31- Juan's Client File
32- Question - Client Information Records
33- Receipt of Funds Records
34- Aideen's Client File
35- Question - Receipt of Funds Records
36- Corporations and Money Laundering/Terrorist Financing
37- All Submitted Reports Records
38- Unrepresented Party Records
39- Records of Reasonable Measures Taken
40- Real Life Cases II
41- Takeaways
42- Unit Summary

- FINTRAC Unit 4
1- Welcome
2- Money Laundering in Your Community
3- Gun Violence
4- Victim Story
5- At the Brokerage Level
6- Question - FINTRAC Obligations
7- Salespersons and Brokerage Obligations
■ Brokerage Obligations
8- Name a Compliance Officer
9- Ask Yourself
10- Real Life Cases I
11- What do you think?
12- Question - Compliance Officer Assistance
13- A Compliance Officer's Knowledge
14- Written Compliance Policies and Procedures
15- Ask Yourself
16- Real Life Cases II
17- What do you think?
18- Question - Policies and Procedures
19- Relying on Your Compliance Officer
20- Provide Training to Everyone Acting on its Behalf
21- Ask Yourself
22- Real Life Cases III
23- Question - Brokerage Training
24- Written Risk Assessments
25- Risk-Based Approach
26- Ask Yourself
27- Real Life Cases IV
28- What do you think?
29- Question — Policies and Procedures
30- 2-Year Program Effectiveness Review
31- Ask Yourself
32- Real Life Cases V
33- What do you think?
34- Question - Reviews
35- Takeaways
36- Unit Summary

- FINTRAC Compliance Unit 5
1- Welcome
2- Unit Overview
3- Money Laundering in Your Community
4- Victim Story
5- Victim Story II
6- FINTRAC Scenarios
7- Scenario 1
8- Question - Client's Information Things to Consider
9- Question - Addressing Concerns
10- Scenario 1 Outcome
11- Scenario 2
12- Question - Client Information
13- Things to Consider
14- Question - Addressing Inconsistencies
15- Scenario 2 Outcome
16- Scenario 3
17- Question - Indicators
18- Question - Other Issues
19- Scenario 3 Outcome
20- Scenario 4
21- Question - STR
22- Scenario 4 Outcome
23- Brokerage Compliance Questions
24- Question - Risk Assessment Worksheets
25- Question - Risk Assessments & Clients
26- Question - 2-Year Effectiveness Review
27- Question - 2-Year Effectiveness Review - Policies and Records
28- My Takeaways
29- Unit Summary
30- Course Summary
31- Final Thoughts
32- Certificate of Completion