There are brands known for having little to no compliance, with some even being notorious for high volumes of fraud. All brands need to be held accountable and even sanctioned, until monitoring of agents and reporting misconduct improves, or else dirty agents will simply move to the next brand. That said, I know of one franchise who is concerned and has made great efforts to clean house and actively report issues.

Adding to the complexity are the upcoming FINTRAC regulations, who are clear in saying all fraud as a predicate offense to money laundering and is to be reported. Imagine a suspicious transaction being filed for fraudulent transactions and mortgage broker, named on the report, has made no effort at due diligence or being wilfully blind to the fraud.