New online Anti-Money Laundering course to launch in January

via Real Estate Council of BC

The Real Estate Council of BC (RECBC) says money laundering is a complex problem that affects everyone in BC, and as a real estate professional you can play an important role in keeping laundered money out of real estate. To make sure you’ve got the information you need, the RECBC is introducing a new mandatory course for all real estate professionals in 2020: Anti-Money Laundering in Real Estate.

Real estate is a crucial industry in BC, and RECBC knows that giving real estate professionals the tools to recognize and address the risks of money laundering in real estate transactions is one of the best ways to prevent illicit funds from entering the real estate market, and that’s why they’ve made this course a requirement for everyone.

In AntiMoney Laundering in Real Estate you will learn:

  • to recognize the indicators associated with money laundering,
  • the steps to reporting suspicious transactions, and
  • how real estate is used in money laundering.

Most importantly, you’ll learn how to incorporate that knowledge into real actions that you can practice in your business every day. As a real estate professional, you are uniquely positioned to identify and report suspicious transactions because of your close working relationship with clients.

About the course

Anti-Money Laundering in Real Estate is an online course that can be completed at your own pace over three days. Developed in collaboration with anti-money laundering experts, the course will be made available through the Real Estate Division at UBC.

The RECBC thanks FINTRAC for their support in this project.

When do you need to take it?

The Anti-Money Laundering in Real Estate course is a mandatory continuing education course for all licensed real estate professionals in BC. You will need to complete it before your next license renewal date (if your renewal date is after April 1, 2020). Beginning on April 1, 2020, completion of the course will be required for license renewal.

How to register:

Course registration will open in January. Registration will be the same process as the Rule Changes course, meaning you will be able to register for it via the UBC Sauder School of Business beginning January 10.

Visit RECBC’s Education pages to learn more.


To encourage all real estate professionals to register and complete Anti-Money Laundering in Real Estate as soon as possible, RECBC is offering reduced pricing for the first six months.

  • Register before March 31 and the course will cost only $25.
  • Sign up after March and the price increases to $50.
  • If you delay your registration until July, the cost is $100.

See Council’s Education pages for more information on course costs – or check out 5 Things to Know about Continuing Education in 2020 in their December 2019 Report from Council.

Advance preview for Managing Brokers

Managing brokers will have an early opportunity to register for Anti-Money Laundering in Real Estate. Look for an email with an invitation to register, coming in early January.

Registration for all real estate professionals will open in mid-January. Follow RECBC on FacebookTwitter or LinkedIn to be among the first to know when registration opens. All licensed professionals will receive an email with information on how to register.