Effective June 23, 2008, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is requiring the real estate industry to "ID" its clients. The government body, FINTRAC, was created as part of an initiative to fight money laundering and terrorist financing, both domestically and internationally. Real Estate Associates must identify their clients, keep identification records and report regularly to FINTRAC. Clients will be asked to provide valid government issued identification in the form of a birth certificate, driver's license or similar documentation.

Learn more at www.fintrac.gc.ca