Verification

Verification is a general term for confirming that information, documents or identities are accurate and genuine. In business and law it includes confirming a client's or counterparty's identity, checking corporate and land title records, and confirming that a document was properly signed. The term has no single legal definition.

How BC law treats it

Some verification is legally required: lawyers must verify client identity under Law Society of British Columbia rules, and reporting entities must do so under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, SC 2000, c 17. In transactions, buyers verify facts through due diligence and searches of public registries.

What it means for your business

Search the corporate registry, land title and personal property registries before closing a deal or extending credit.

Risks and common mistakes

Relying on a counterparty's statements without checking the registries can leave you dealing with someone who lacks authority or clear title.

Browse the full Fulcrum Law Dictionary for related terms.

General information about British Columbia and Canadian law, current to October 2026. It is not legal advice.