Quote:
Originally Posted by Unregistered
I don't think banks can just anyhow check your CDP account. I would think CDP info is highly confidential info, just like your bank account balance. The government wouldn't want to let anyone or any organization have access to such info, unless the enquirer has obtained some kind of permit from the courts (similar to a search warrant).
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They don't check but they will ask you to declare annually. Sometimes they do random check ie: ok you declared no stocks held, please submit a copy of your CDP statement for verification.