by Emma Caplan-Fisher | Aug 9, 2023 | Technology
British Columbia is continuously flagged as a prime location for money laundering, particularly within real estate. About $5 to 7 billion come into the province illegally on an annual basis. This is roughly five per cent of the province’s real estate market or...
by REM Editorial Team | Oct 25, 2022 | News
QUICK HITS LeHomes Realty in Vancouver, B.C. is facing more than $550,000 in fines for anti-money laundering violations committed by Pan Pacific Platinum Real Estate and LaBoutique Realty Ltd., according to FINTRAC. Cathay Pacific Realty Ltd. is facing $206,250...
by REM Editorial Team | Jul 14, 2021 | News
New polling data released by the Ontario Real Estate Association shows Ontarians feel housing affordability in the province is getting worse and the future is not looking better for homeownership without greater government action. The report found that 46 per cent of...
by REM Editorial Team | Mar 24, 2021 | Featured, News
FINTRAC has levied fines of $66,742.50 on Park Georgia Realty in Vancouver and $31,350 on Re/Max All-Stars Realty in Unionville, Ont. for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated regulations....
by REM Editorial Team | Mar 31, 2020 | Featured, News
The Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) says it is “extremely concerned” about the content of the March 19 edition of Radio-Canada’s Enquête, about money laundering through real estate transactions. In a hidden camera...
