FINTRAC Policies

HOMELIFE PARAMOUNT REALTY, BROKERAGE FINTRAC POLICY

1. The Compliance Officer for our Brokerage is Ritesh Jhamb, Broker of Record
2. No cash deposit is to be accepted on any real estate transaction.
3. No listing will be posted onto an MLS® system unless the proper identification record has been completed fully and submitted     to the office.
4. Besides completing every identification record, our policy is that a copy of an original photo ID is to be obtained from every client who is identified.
5. No commission will be paid to any salesperson or broker unless all FINTRAC documentation, including client identification and receipt of funds record, if applicable, have been fully completed and submitted to the office.
6. If a client or Business Relationship is identified as being high risk, then this must be immediately reported to the Compliance Officer to determine whether additional ongoing monitoring measures must be undertaken.
7. If anyone is aware of any suspicious transaction or attempted suspicious transaction, at any time during the course of a real estate transaction, it is to be reported immediately to the Compliance Officer.All forms will be held by the brokerage for 5 years.