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Beneficial ownership on foreign businesses?

Question: 
If a foreign business is traded on the stock exchange in Canada, is it exempt from beneficial ownership?
Answer: 

No it is not exempt. As financial institutions, we get the beneficial ownership form for a foreign business traded on a foreign stock exchange.
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Learn more about Deborah Crawford’s webinar Opening Foreign Business Accounts—CIP, CDD and Risk

First published on 06/16/2019

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