Overview

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Master your client identification obligations under Canada's AML/ATF framework with this practical, scenario-driven course aligned to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) guidance. Built for compliance professionals, money services businesses (MSBs), banks, and reporting entities, this course equips you with the skills to identify and verify clients, apply risk-based due diligence, meet beneficial ownership requirements, and maintain compliant records, all through real-world scenarios, interactive activities, and hands-on practice. You will learn to apply prescribed verification methods for individuals and entities, navigate basic customer due diligence (CDD) and enhanced due diligence (EDD), understand timing of verification obligations, fulfill third-party determination requirements, and support ongoing monitoring and recordkeeping in line with current FINTRAC regulatory requirements. Whether you are new to Canadian AML compliance or looking to strengthen your existing knowledge, this course provides the practical, regulation-grounded training you need to perform with confidence. Enroll today to build job-ready KYC compliance skills and meet your client identification obligations under the Canadian law.

Syllabus

Foundations of Client Identification
- 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.
Verification and Compliance Requirements
- 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.
Final Assessment and Course Wrap-Up
- 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.