This paper presents a method for the identification of control-related signal paths dedicated to a semi-active suspension with MR (magnetorheological) dampers, which are installed in place of standard shock absorbers. The main challenge comes from the fact that the semi-active suspension needs to be simultaneously subjected to road-induced excitation and electric currents supplied to the suspension MR dampers, while a response signal needs to be decomposed into road-related and control-related components. During experiments, the front wheels of an all-terrain vehicle were subjected to sinusoidal vibration excitation at a frequency equal to 12 Hz using a dedicated diagnostic station and specialised mechanical exciters. The harmonic type of road-related excitation allowed for its straightforward filtering from identification signals. Additionally, front suspension MR dampers were controlled using a wideband random signal with a 25 Hz bandwidth, different realisations, and several configurations, which differed in the average values and deviations of control currents. The simultaneous control of the right and left suspension MR dampers made it necessary to decompose the vehicle vibration response, i.e., the front vehicle body acceleration signal, into components related to the forces generated by different MR dampers. Measurement signals used for identification were taken from numerous sensors available in the vehicle, e.g., accelerometers, suspension force and deflection sensors, and sensors of electric currents, which control the instantaneous damping parameters of MR dampers. The final identification was carried out for control-related models evaluated in the frequency domain and revealed several resonances of the vehicle response and their dependence on the configurations of control currents. In addition, the parameters of the vehicle model with MR dampers and the diagnostic station were estimated based on the identification results. The analysis of the simulation results of the implemented vehicle model carried out in the frequency domain showed the influence of the vehicle load on the absolute values and phase shifts of control-related signal paths. The potential future application of the identified models lies in the synthesis and implementation of adaptive suspension control algorithms such as FxLMS (filtered-x least mean square). Adaptive vehicle suspensions are especially preferred for their ability to quickly adapt to varying road conditions and vehicle parameters.