Identity verification (FINTRAC, CANAFE)
Quebec trade rule for insurance and mortgage brokers.
The rule
Since October 11, 2024, mortgage administrators, brokers and lenders must verify the identity of their clients for certain transactions, keep records and have a compliance program. Ben may request the documents; the verification remains with the broker, following the methods of FINTRAC (Canada's financial intelligence unit, Centre d'analyse des opérations et déclarations financières du Canada, CANAFE).
Information about Quebec rules, not legal advice. Check with your professional order, advisor or the official source.
How Ben helps
- Quotes
- Documents
- Renewals
- Deadlines
Qualifies quote and renewal requests, collects documents, reminds clients of deadlines and hands the broker complete files. It never gives advice: the broker stays responsible.
This rule, region by region
- Identity verification (FINTRAC, CANAFE) · the Capitale-Nationale region
- Identity verification (FINTRAC, CANAFE) · Montreal
- Identity verification (FINTRAC, CANAFE) · Laval
- Identity verification (FINTRAC, CANAFE) · the Outaouais region
- Identity verification (FINTRAC, CANAFE) · the Montérégie region
- Identity verification (FINTRAC, CANAFE) · the Eastern Townships (Estrie)
- Identity verification (FINTRAC, CANAFE) · Chaudière-Appalaches
- Identity verification (FINTRAC, CANAFE) · the Saguenay–Lac-Saint-Jean region
- Identity verification (FINTRAC, CANAFE) · the Mauricie region
- Identity verification (FINTRAC, CANAFE) · Lanaudière
- Identity verification (FINTRAC, CANAFE) · the Centre-du-Québec region
- Identity verification (FINTRAC, CANAFE) · the Laurentians
- Identity verification (FINTRAC, CANAFE) · the Bas-Saint-Laurent region
- Identity verification (FINTRAC, CANAFE) · Abitibi-Témiscamingue
- Identity verification (FINTRAC, CANAFE) · the Côte-Nord region
- Identity verification (FINTRAC, CANAFE) · the Gaspésie–Îles-de-la-Madeleine region
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Questions
Identity verification (FINTRAC, CANAFE) — what does it mean?
Since October 11, 2024, mortgage administrators, brokers and lenders must verify the identity of their clients for certain transactions, keep records and have a compliance program. Ben may request the documents; the verification remains with the broker, following the methods of FINTRAC (Canada's financial intelligence unit, Centre d'analyse des opérations et déclarations financières du Canada, CANAFE).
Does Ben apply this rule automatically?
Ben follows your templates and rules and shows you the result for approval. Never gives advice: the broker stays responsible.
Is this legal advice?
No. This is general information about Quebec rules. Always check with your professional order, advisor or the official source.
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