Common use of OPENING A NEW ACCOUNT Clause in Contracts

OPENING A NEW ACCOUNT. 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. For a non-individual person such as a business entity, a charity, a trust or other legal entity the Custodian will ask for documentation to verify its formation and existence as a legal entity. The Custodian may also ask to see financial statements, licenses, identification and authorization documents from individuals claiming authority to represent the entity or other relevant documentation.”

OPENING A NEW ACCOUNT. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify verify, and record information infor- mation that identifies each entity or person who that opens an account. For a non-individual When an entity or person such as a business entityopens an account, a charity, a trust or other legal entity the Custodian we will ask for documentation the name, address, Employer Identification Number (EIN) or, if applicable, Taxpayer Identification Number (TIN) and date of birth, and other information that will allow us to verify its formation and existence as a legal entityidentify the entity or person. The Custodian We may also ask to see financial statements, licenses, identification and authorization documents from individuals claiming authority to represent identifying documentation for the entity or other relevant documentationperson.”

OPENING A NEW ACCOUNT. 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. For a non-individual person such as a business entity, a charity, a trust or other legal entity the Custodian will ask for documentation to verify its formation and existence as a legal entity. The Custodian may also ask to see financial statements, licenses, identification and authorization documents from individuals claiming authority to represent the entity or other relevant documentation.”"