The suggestions outline steps officials can take to protect the West Coast's housing market from becoming a hotbed for money laundering. Collectively, the group represents professionals working in B.C's real estate sector: real estate agents, notaries, appraisers and mortgage brokers. "Given that real estate transactions involve multiple professionals, it will take a co-ordinated effort and collaboration with government to strengthen anti-money laundering measures in BC's real estate market." Mandatory anti-money laundering education: mandatory anti-money laundering education for all real estate professionals. Ongoing engagement: governments and regulatory agencies better utilize on-the-ground experience of real estate professionals to develop compliance resources and test policy ideas.

Source: CBC News April 16, 2019 01:07 UTC