March 2026

Identity Verification Requirements

As part of recent regulatory changes in Canada, mortgage brokers are now subject to enhanced anti-money laundering requirements under the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). These requirements are part of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, which helps prevent money laundering and terrorist financing within Canada’s financial system.

As a result of these changes, organizations involved in arranging or administering mortgages must ensure they have verified identity records for certain individuals, including borrowers and investors.

To comply with these obligations, we are reviewing our records and are contacting the primary contact for borrowing churches, organizations, or investors to collect and upload the information required.