Why We Need this 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.
Section 326 of the USA PATRIOT Act requires that financial institutions identify and verify the identity of the beneficial owners of all legal entity customers at the time a new account is opened. The identification and verification procedures for beneficial owners are very similar to those you currently follow as individual customers.
When you open an account, we will ask you to identify the beneficial owners of your company. You will need to provide the following for each beneficial owner: Name, Address, Date of Birth and other identification information that will allow us to identify and verify the identities of your beneficial owners. We may also ask for a driver’s license or other identifying documents for each beneficial owner.
All business entities are required to complete the Certification of Beneficial Owners of Legal Entities document.
For more information regarding Beneficial Ownership, please contact the Commercial Lending Department at 316-291-5240. Feel free to visit our downtown location at 400 E. Douglas Ave. Wichita, KS 67202.