You had me until this:  "and revealed concerns that poor reporting by real estate agents has made the industry vulnerable to money laundering."   How are readers supposed to discern valid writing from just print which fills up pages in a news source when drivel like what is quoted above is printed?  Realtors are required to comply with Fintrac imposed anti-money laundering laws.  We cannot even submit listings or mandates to our offices unless the Fintract forms are duly filled out and submitted.  The quotation is gratuitous fluff that belies a lack of understanding of the real estate industry and diminishes the credibility of the writer.

Secondly, it perpetuates the malicious myth that Realtors as a class of profession have practiced their profession in a collectively deficient way so as to be a root cause of money laundering.  This is a false premise.  

Can the writer point out any cases where Fintrac reporting violations on the part of Realtors has lead to successful prosecution?