Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Reporting Regulations

7 Every real estate broker or sales representative is subject to Part 1 of the Act when they engage in any of the following activities on behalf of any person or entity in the course of a real estate transaction:

• (a) receiving or paying funds;

• (b) depositing or withdrawing funds; and

• (c) transferring funds by any means.