Customer Identification Program Notice
To combat funding of terrorism and money laundering, federal law requires financial institutions to maintain a Customer Identification Program to obtain, verify and record information that identifies each person who opens an account.
What information is required?
As part of opening an account, we are required to collect the following information:
- Your name
- Date of birth
- Address
- Identification number
If a U. S. Citizen:
- Taxpayer identification number (social security number or employer identification number)
If a Non-U.S. Citizen:
- Taxpayer identification number
- Passport number and country of issuance
- Alien identification card number
- Government-issued identification showing nationality, residence address and a personal photograph
You may also need to provide a copy of your driver’s license or other identifying documents.
A corporation, partnership, trust or other legal entity may need to provide such information as:
- Principal place of business address
- Local office address
- Employer identification number
- Certified articles of incorporation
- Government-issued business license
- Partnership agreement or trust agreement
U. S. Department of the Treasury, Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) rules already require that you provide most of this information. FINRA rules require you to provide additional information regarding your net worth, annual income, occupation, employment information, investment experience and objectives, and risk tolerance.
What results if for any reason you do not provide the required information or your identity cannot be verified?
We may not be able to open an account or complete transactions for you. If we have already opened an account for you, the account may have to be closed.
We thank you for your understanding and hope you will support the financial industry’s efforts toward denying terrorists and money launderers access to the United States financial system.