Fastkey’s ID Verification tool makes it easy for anyone to verify identities and stay compliant with FINTRAC and KYC requirements. Here’s how to use it: Register for a free Fastkey account: Visit https://www.fastkey.com/register and create your ...
Biometric ID verification uses advanced technology to verify an individual’s identity by analyzing unique physical traits—such as facial recognition. This method is becoming a key part of ensuring compliance in industries like mortgage brokering, ...
In Canada, mortgage brokers must comply with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) regulations designed to prevent money laundering and terrorist financing. These rules are legal obligations, and failure to meet them ...
To ensure a smooth and successful ID verification process, follow these best practices: Preparation: Valid Government-Issued ID: Have a genuine government-issued photo ID ready. It must not be an expired document, and photocopies or pictures of IDs ...