Terms and Conditions may apply.
Does this individual have authority to manage or direct the company’s day to day operations regardless of ownership?
Federal regulation requires financial institutions to obtain, verify, and record information about individuals who own or control a legal entity (i.e., the beneficial owners). Legal entities can be abused to disguise involvement in terrorist financing, money laundering, tax evasion, corruption, fraud, and other financial crimes. Requiring the disclosure of key individuals who own or control a legal entity (i.e., the beneficial owners) helps law enforcement investigate and prosecute these crimes.
Your Federal Tax ID cannot be used in this field. Your SSN will not be used to perform a credit check.