E-12.000001, r. 1 - Regulation under the Money-Services Businesses Act

Section 9 Disposition versions

2012-09-01

9. To verify the identity of a customer, the money-services business must gather, in addition to the information referred to in section 7, the customer’s date of birth, if applicable, as well as his principal occupation or nature of professional or business activities, and must use one of the following methods:

(1)  where the customer is a natural person, require that the customer present the original copy of photo identification issued by a government or a government department or agency and showing the person’s name and date of birth;

(2)  where the customer is a legal person, obtain confirmation of its legal existence, including by verifying its registration in the enterprise register.

M.O. E-12.000001-2012-02, s. 9.