Important Information for Business Customers
- Each individual that has beneficial ownership (25% or more); and
- One individual that has significant managerial control of the Legal Entity
Note: For the purposes of this regulation, a legal entity includes a corporation, limited liability company, or other entity that is created by a filing of a public document with a Secretary of State or similar office, a general partnership, and any similar business entity formed in the United States or a foreign country. Legal entity does not include sole proprietorships, unincorporated associations, or natural persons opening accounts on their own behalf.
If you are a Legal Entity looking to open a new account, you may click the link below to access the
documentation required under this new regulation. This document must be completed in its entirety
before your new account can be opened.