![]() ![]() When to verify the identity of persons and entities – Departments and Agents of the Crown.When to verify the identity of persons and entities – Accountants.Annex 5: Examples of reliable sources of information for the dual-process method.Annex 4: Examples of acceptable photo identification documents.Annex 3: Summary of methods to identify an entity and associated record keeping obligations.Annex 2: Summary of who can identify a person on your behalf.Annex 1: Summary of the methods to identify persons and associated record keeping obligations.**Note: Throughout this guidance, references to REs covered under paragraphs 5(a) to (g) of the PCMLTFA include: banks, authorized foreign banks, cooperative credit societies, savings and credit unions, caisses populaires, life insurance companies, trust companies, unregulated trust companies, loan companies, and securities dealers. Are there restrictions on the use of personal information?.Do I need to verify the identity of an entity if I have verified it previously?.How do I verify the identity of an entity?.Do I need to verify a person's identity if I have verified it previously?.Can I use an agent or a mandatary to verify the identity of a person on my behalf?.Government-issued photo identification method.How do I verify the identity of a person?.What does it mean to verify the identity of a person or an entity?.For specific information on when to verify the identity of a person or an entity (the timing requirement), see your RE sector's guidance on When to verify the identity of persons and entities. This guidance explains the methods that can be used to verify the identity of a person or an entity. ![]() ![]() ![]() The requirement to verify the identity of a person or an entity under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations applies to all reporting entities (REs). This guidance came into effect on June 1, 2021. ![]()
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