Source Feed: The Globe and Mail
Author: Jill Mahoney
Publication Date: August 17, 2025 - 19:13
Ontario real estate agents report fewer large cash transactions to FinTRAC
August 17, 2025
Ontario real estate agents reported just eight large cash transactions over the past year to the federal anti-money-laundering watchdog, according to new figures.
The multibillion-dollar real estate market is at high risk for money laundering, experts say.
However, the low number of reports – which is down substantially from previous years – could be due, at least in part, to brokerages implementing no-cash policies.
Unpublished Newswire
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