Important AML and USA Patriot Act Information
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. These requirements apply to new and current customers.
What this means for natural persons or trusts for which a natural person, or any such relatives, are the only beneficiaries: We will ask for a customer’s name, address, Social Security Number and other information that allows us to confirm your identity and the identity of other signatories (if applicable).
What this means for corporations, general partnerships, limited partnerships, limited liability companies or other legal organizations: We will ask for the name, address, Employer Identification Number, and other information that allows us to identify the entity and its signatories. We may also ask to see other identifying documents.
Applicants must supply one or more of the following Valid Government Issued ID Documents or forms of information:
Proof of Residence (the legal physical address must match the address on the residency document that you are required to provide. (see ‘Proof of Residence Document Requirements’)
Other valid government-issued ID may be accepted if it has your full legal name, photo, date of birth and issue and expiry dates all on the front of your ID.
Firearm licenses are NOT accepted.
A corporation, partnership, trust or other legal entity will need to provide other information, such as its principal place of business, local office, employer identification number, certified articles of incorporation, government-issued business license, a partnership agreement, trust agreement or other documents as may be requested.
Proof of Residence Document Requirements:
Proof of residence documents must contain your name and address and be dated less than 3 months ago from the date of submission. We do NOT accept P.O. Box addresses from any country.
Valid documents include, but are not limited to:
Credit card statement
Utility bill (water, electricity, gas, internet, phone)
Payroll statement -or- Official salary document from employer
Tax documents (e.g. W-8BEN)
Correspondence between the Applicant and a government authority regarding the receipt of benefits such as a pension, unemployment benefits, housing benefits, health insurance, voter registration, etc.
Current lease agreement
University enrollment documents
There may also be other situations where we will require the Applicant to submit to one or more of the following:
Web-based, recorded video conferencing meeting (i.e. Zoom, Skype, etc.)
Telephone-based conference call