What is Client ID Verification?
In situations where a client’s ID has not been verified in person, the Financial Transactions and Reporting Analysis Centre (FINTRAC) requires MF Global FX to perform Client ID Verification using a combination of two of the following methods. Please note that items 1 and 2 cannot be used together: 1. Submit a cheque for at least $1.00 from the client’s deposit account at a Canadian financial institution. The cheque will be cashed and must clear. Cheques for $1.00 will not be reimbursed. 2. Submit a funding deposit via bank draft or wire transfer drawn from the client’s deposit account at a Canadian financial institution. The draft must be accompanied by a bank letter confirming the source of the funds and the wire transfer must also identify the source of the funds. 3. The client’s identification will be verified through an existing Identification Product Method such as Equifax elDverifier. 4. Submit a legible photocopy of one of the documents used for in-person identification with an
