AML (Anti-Money Laundering) Regulatory Documentation

Confirmation of Down Payments & Requirements

Down Payment Source	Requirements
Savings Account	Bank Account Statements from the last 90 days
Redemption of Investments	A copy of a bank statement showing the funds being deposited and a copy of the investment withdrawal
Funds that are gifted	Gift Letter & Proof of correlating deposit into Account (Note: A gift letter must come from an immediate family member)
RRSPs	RRSP statement for the last 90-days and evidence of the RRSP withdrawal
Funds coming from an existing credit facility at another Financial Institution	Evidence of sufficient credit availability – bank or loan statement
Funds coming from a new credit facility at another Financial Institution	A copy of new loan agreement / commitment letter
Sale of Existing Property	A copy of the accepted sales Agreement

Forms & Purposes

FORM	PURPOSE
Profile Form – Entity	For KYC purposes and confirmation of ownership, control and structure including Beneficial Owners, Directors
WHO:	Corporations or other entities
Profile Form – Individual	For KYC purposes and Identification of Individual Borrowers, and signing officers.
WHO:	Individual Borrowers
Profile Form – Family Trust	For KYC purposes and confirmation of ownership, control and structure including Trustees, Settlors, Beneficiaries
WHO:	Trusts
Profile Form – Widely Held Trust	For KYC purposes and confirmation of ownership, control and structure including Trustees, Settlors, Beneficiaries.
WHO:	Widely Held Trusts – Publicly Held Trusts – IE: REITs
Third Party Form	To collect KYC detail for third parties (Persons or other entities) when borrowers are acting on their instructions.
WHO:	An individual or entity, other than the account holder, who gives instructions about the account.
PEP Form	For clients who acknowledge PEP Status
WHO:	Politically Exposed Persons (PEP)