Real Estate Advisor with Engel & Völkers Dundarave, West Vancouver, Canada

Vancouver's housing market vulnerable to money laundering says federal agency

Scores of real estate firms in Greater Vancouver aren't complying with federal anti-money laundering regulations that compel them to identify clients and keep precise records, according to the federal agency that enforces these laws.

Last summer, the Financial Transactions and Reports Analysis Centre (FINTRAC) began to look closely at the real estate sector in Vancouver, quadrupling the number of examinations it carries out. By Jane Armstrong, CBC News

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