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Practical guides, software comparisons, and Canadian mortgage industry insights — written for brokers who want to work smarter.

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Canadian Market11 min read

FINTRAC Compliance for Canadian Mortgage Brokers: What You're Required to Do and Where Brokers Are Getting Penalized

On October 11, 2024, mortgage brokers became regulated reporting entities under FINTRAC for the first time. If you haven't built a formal compliance program yet, you're not in a grace period — you're out of compliance. Here is what you're actually required to do, what records you must keep, and where brokerages are getting penalized.

CollectDoc Team