Client Identification
Reporting entities must verify the identity of their clients for certain activities and transactions according to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
Why Client Identification?
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) mandates that businesses across various sectors adhere to strict identity verification protocols to combat money laundering and terrorist financing. Compliance with these regulations is crucial but can be complex and time-consuming.
Fintrac App offers comprehensive solutions designed to streamline your compliance efforts, ensuring that your business meets all regulatory requirements efficiently and effectively.
Who Is It For?
Fintrac App is ideal for any reporting entity required to comply with identity verification under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). This includes
If your business is required to verify client identities, Fintrac App provides the easiest, most compliant solution available in Canada.
Key Benefits
Save time and resources with automated identity verification workflows.
Access to professionals well-versed in FINTRAC regulations.
Seamless identity verification without the need for in-person visits.
All data is stored securely within Canadian borders, adhering to national data residency requirements.
Automate documentation and audit trails to minimize manual efforts.
Use Cases
How It Works
Your client receives a secure link via email or SMS.
They upload or scan their government-issued ID using their mobile phone or webcam.
A real-time selfie or video is used to verify presence and match it against the ID.
Our system verifies document authenticity using AI and cross-checks for validity.
You receive a verified identity record with timestamp and audit trail stored in our secure servers.
Features
Fintrac App acts as your trusted agent or mandatary for ID checks.
Remotely confirm presence and identity.
Use AI to verify IDs against security standards.
Keep records compliant with FINTRAC retention policies.
Data stored securely in Canada to meet residency requirements.
Frequently Asked Questions
What methods does Fintrac App use for identity verification?
Fintrac App uses both agent-based and technology-powered methods, including live video imaging and "selfie" photo verification, to authenticate identification documents remotely.
Is Fintrac App compliant with FINTRAC regulations?
Yes, Fintrac App's processes align with FINTRAC's guidelines, ensuring that all verifications are conducted in strict accordance with legal requirements.
How is client data secured?
All data is stored securely within Canadian borders, and our data centers use state-of-the-art protections against unauthorized access.
Can Fintrac App handle clients who are not physically present?
Yes, our advanced tech stack supports seamless remote verification.
What types of businesses can use this service?
Mortgage brokers, real estate professionals, MSBs, accountants, casinos, life insurers, and others reporting under PCMLTFA.
Getting Started
Let Fintrac App handle your identity verification, documentation, and audit trail — so you can focus on growing your business.
Fill out the short contact form below or choose another convenient way to reach us. Our team is here to listen, answer your questions, and help you get compliant — fast.
Contact Us
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