Customer Due Diligence/Beneficial Ownership - Business Customers

IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT
 
The Bank Secrecy Act was established to fight the illegal funding of terrorism and other national security threats. Each time a covered Legal Entity opens or updates an account, or a loan is made, renewed or modified, this Act requires us to obtain identifying information (name, address, date of birth, social security number and occupation) and identification documents for:
 
  • Each individual who has beneficial ownership (25% or more) of the Legal Entity; and,
  • One individual who has significant managerial control of the Legal Entity.
 
You will be required to certify this information is true and accurate to the best of your knowledge. Click below to read FinCEN’s Customer Due Diligence/Beneficial Ownership Final Rule, as previously published in the Federal Register.
 
Federal Register edition dated May 11, 2016