Verification is part of the financing process.

Identity and customer verification

Applicants may be required to provide valid identity documentation, proof of address and other information reasonably necessary to establish who is applying and on whose behalf the transaction is being conducted.

Source and purpose information

Depending on the transaction, information may be requested about source of funds, source of wealth, income, business activity, transaction purpose, beneficial ownership or the origin and destination of payments.

Ongoing review

Information can be re-requested when documents expire, circumstances change, a transaction requires clarification or additional verification is necessary.

Restrictions

An application, account action or transaction may be paused or declined where required information is incomplete, inconsistent or cannot be satisfactorily verified.