Canada FAQ
What due diligence is required for a foreign-owned Canadian company?
Expect identity checks, ownership-chain review, business profile review, source-of-funds questions, and possibly enhanced screening depending on industry and counterparties.
Expect identity checks, ownership-chain review, business profile review, source-of-funds questions, and possibly enhanced screening depending on industry and counterparties.
A standard file usually starts with identity documents, proof of address, ownership details, business description, and where relevant the parent company’s corporate documents.
Additional documents may be requested for regulated sectors, higher-risk counterparties, banking-related matters, or where source-of-funds review is needed.
Key points
- Identity and ownership documents come first.
- Business description should be specific.
- Additional KYC can be requested later.
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