Writing up an offer and the Schedule B has this funny clause that they want to be able to inspect the FINTRAC form. Is this not right?
The Act stipulates you and the other party are subject to criminal penalties of up to 5 years in jail or a fine of $500,000 or both, for unauthorized disclosure or use of FINTRAC information.
So, if I were the other Brokerage, I certainly wouldn’t be asking for it.
Brian Madigan LL.B., Broker