Yes. As with any client matter involving the receipt, payment or transfer of funds, you must verify the client’s identity unless a specific exemption applies. There is no exemption from...

You may verify the identity of the third party in the same way that you would verify the identity of any client in Canada. If the third party is an...

No. Unlike for individuals, you do not need to use an agent to verify the identity of an organization outside Canada. You may verify the organization through documents. However, you...

When your client is outside of Canada, and you are not meeting with them in person, you must use an agent to verify their identity. As in all cases in...

Yes, you may rely on an email or fax from the agent including copies of the documents he or she relied on to verify the individual’s identity. As a best...

Nothing in the rule requires you to pay an agent to verify a client’s identity. You should establish with the agent at the outset whether they will be charging for...