Financial Transactions Reports Analysis Centre of Canada (FINTRAC)

noun—proper name

A government agency that keeps watch against money laundering and terrorist financing.

The law requires that your agent verifies your identity when you're involved in a real estate transaction, so you will need to show your driver's license or a similar document when signing.

This creates a stronger paper trail and makes it harder for criminals to move money through real estate transactions.

FINTRAC's website is at www.fintrac.gc.ca.


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