Cra file t4a online dating
FINTRAC has previously indicated that the address referred to in the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR) is the physical address where the client lives or where the physical location of the place of business is found.
In cases where the client resides in an area where there is no civic address, a description, in as much detail as possible, of all information or features that may be useful to locate the physical location of the person is required.
Date answered: 2017-03-27PI Number: PI-7656Activity Sector(s): Accountants, British Columbia notaries, Casinos, Dealers in precious metals and stones, Financial entities, Life insurance, Money services businesses, Real estate, Securities dealers Obligation(s): Ascertaining Identification Guidance: Methods to identify individuals and confirm the existence of entities Regulations: 64(1)(d), 64(1.3), 64(1.4), 64.2(d) I would like to obtain more information about the Operational Alert: Identification of higher risk currency exchange houses in Daesh - accessible territory in Iraq.
Specifically, should Credit Unions compare the names listed in this brief to the names of members in the credit union, and would this comparison be just like the terrorist name/entity compare?
From the questions you have asked, it appears that you are referring to what has been titled the “dual process method” in the FINTRAC Guideline.
As indicated above, the dual process method involves referring to documents or information from two reliable and independent sources to ascertain the person’s name and address, name and date of birth, or name and that they have a financial account.
The risk assessment must take into consideration the reporting entity’s: • clients and business relationships, • products and delivery channels, • geographic location of its activities, and • any other relevant factor(s).
Therefore, to answer your question, in order to meet the obligations outlined within the PCMLTFA and its associated Regulations, it is recommended that reporting entities compare the names listed in Appendix A to current and future clients.
I am seeking clarification on how to identify a client in a non-face-to-face situation when they have less than 3 years of credit history.
Specifically, I would like to know whether a Mobile Service Provider's identification verification product to ascertain the individual's name and address would be an acceptable source to confirm name and address under the dual process method.
Pursuant to paragraph 64(1)(d) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR), or what is referred to as the ‘dual process method’ in FINTRAC’s guideline, a person’s identity can be ascertained by doing any two of the following: (i) referring to information from a reliable source that includes their name and address, and verifying that the name and address are those of the person, (ii) referring to information from a reliable source that includes their name and date of birth, and verifying that the name and date of birth are those of the person, or (iii) referring to information that includes their name and confirms that they have a deposit account or a credit card or other loan account with a financial entity, and verifying that information.
FINTRAC’s Guideline 5: Submitting Terrorist Property Reports to FINTRAC, and FINTRAC’s website further indicate that a TPR must be sent to FINTRAC, without delay, when reporting entities have property in their possession or control that they know is owned or controlled by or on behalf of a terrorist or a terrorist group.
As part of its compliance program and in accordance with paragraph 71(1)(c) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR), a reporting entity must assess and document its risks in relation to money laundering offences or terrorist activity financing offences.
The documents you refer to under this method must be original, valid and current, and information referred to must be valid and current, and cannot be an electronic image.