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Fintrac

Vancouver Real Estate and FINTRAC

 FINTRAC - What is it? FINTRAC stands for Financial Transactions and Reports Analysis Centre which is where the Government of Canada monitors financial transactions, including Real Estate to fight terrorism and money laundering. What does FINTRAC have to do with Vancouver Real Estate? Vancouver Real Estate costs a lot of money and the Federal Government does not want this money to be coming from or going to criminals or terrorists. In 2008 the legislation that created FINTRAC was amended to require Realtors across Canada to ascertain the identity of their clients. When buying or selling Real Estate in Vancouver…

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