Treefort Technologies partnership with Canada Mortgage Brokers Association of Ontario!
Treefort Technologies is pleased to announce that our Identity Verification (IDV) is now available through the Canadian Mortgage Brokers Association of Ontario’s members login! Get prepared for your new FINTRAC reporting requirements, starting October 11th!
The legal landscape is constantly evolving and, starting October 11th, new regulations will mandate that Mortgage Brokers enhance their business practices to align with the requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. This includes implementing measures to combat money laundering and terrorist financing and ensuring the identity of clients.
To assist you in meeting these compliance requirements, the CMBA (Ontario) has already implemented Identity Verification by Treefort in the member portal. Treefort’s IDV will fulfill the specific requirements of Know Your Client (KYC) identity verification and Anti-Money Laundering searches utilizing state-of-the-art technology allowing members to streamline their client intake process, without compromising on compliance.
Key Features of Identity Verification by Treefort:
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- Compliance: Adheres strictly to FINTRAC regulations, giving you peace of mind that you are meeting all necessary requirements.
- Efficiency: The process is quick and seamless, for both you and your client, reducing administrative burdens and allowing you to focus on your core activities.
- Security: The security of your clients’ sensitive information is a priority, employing robust encryption and data protection measures.
How to access Identity Verification by Treefort:
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- Login to the CMBA (Ontario) member portal
- Hover mouse over “Member’s Portal” and choose the “Affinity Program Access” in the dropdown menu.
- Scroll down and click on “Treefort”
By choosing Treefort’s Identity Verification Service, the CMBA (Ontario) has taken steps to prepare its members for these upcoming changes and safeguard your practice!
