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Client Identification Requirements – Canada

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Client Identification Requirements – Canada

SkillUp
Kriti Kamra

Instructors: SkillUp

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Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

3 hours to complete
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

3 hours to complete
Flexible schedule
Learn at your own pace

What you'll learn

  • Explain client identification and identity verification requirements under the PCMLTFA, including verification triggers and timing obligations

  • Apply risk-based due diligence, including Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), to client identification

  • Describe prescribed identity verification methods, including third-party reliance, beneficial ownership, and third-party determination

  • Demonstrate compliance with EDD triggers, re-verification, ongoing monitoring, and recordkeeping requirements

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Recently updated!

September 2026

Assessments

8 assignments

Taught in English

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There are 3 modules in this course

Canada's AML/ATF framework places specific obligations on reporting entities to identify and verify their clients but meeting those obligations requires more than collecting information. This module establishes the conceptual and regulatory foundation for client identification under the PCMLTFA. Learners will work through the distinction between identification and verification, examine what triggers verification obligations and when verification must occur, and develop a working understanding of business relationships and the risk-based due diligence framework that governs how those obligations are applied in practice.

What's included

2 videos4 readings3 assignments4 plugins

Knowing that verification is required is only part of the obligation, reporting entities must also apply it correctly. This module moves from concept to application, covering the prescribed methods for verifying individuals and entities, the conditions under which a reporting entity may rely on another to verify a client's identity, and the requirements around beneficial ownership and third-party determination, including the important regulatory distinction between ascertaining and verifying beneficial ownership. The module closes with ongoing compliance obligations: when mandatory EDD applies regardless of a reporting entity's own risk assessment, what circumstances require re-verification of an existing client, and what monitoring and recordkeeping obligations must be maintained.

What's included

3 videos4 readings4 assignments5 plugins

This final module brings together the key concepts from both modules and gives learners an opportunity to apply their knowledge across realistic client identification scenarios before completing the final assessment.

What's included

1 reading1 assignment

Instructors

SkillUp
SkillUp
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