TOPIC: Beneficial Ownership

Beneficial Owners - Not U.S. Citizens

Manager at a bank ($990MUSA)
What are you requiring from the Beneficial Owners if they are not U.S. Citizens?
Its a US Legal Entity owned by Foreign Individuals.
Thank you,


  • SVP at a bank ($677MUSA)
    We follow our normal CIP procedures for Beneficial Owners/Control Person.  So we would gather the same information our policy/procedures dictate if that was a non-US person opening an account. 
    • Chief Compliance Officer at a credit_union ($84MUSA)
      We do the same requirements for foreign as for citizens, government issued photo id, and TIN if issued one by the US. If not, some other form of identification for that second verification point.  Usually the passport in conjunction with their DL.