FINTRAC Updates Guidance on Verifying Client Identity without Documentation
action_requiredCanada·Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)·Wire Summary
FINTRAC updated its guidance on Methods to verify the identity of persons and entities to help banks comply with their obligations when a person does not have proper identification documentation or information. The updated guidance includes a section on “How to verify the identity of a person who does not have any identity verification documentation or information for a retail deposit account”.
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