31 CFR § 1020.230 ~ Certification Regarding Beneficial Owners Of Legal Entity Customers:

FinCEN | GPE – December 20, 2017:

The US Department Of The Treasury, Financial Crimes Enforcement Network (FinCEN) have produced a  form to facilitate conforming with the compliance requirements relating to Beneficial Owners.

This is an optional form provided for your convenience. The required information may be provided in other f
ormats. When completed, this form is provided to the financial institution where the account is opened. DO NOT SEND TO FinCEN.

What Is This Form?

To help the government fight financial crime, Federal regulation requires certain financial institutions to obtain, verify, and record information about the beneficial owners of legal entity customers. Legal entities can be abused to disguise involvement in terrorist financing, money laundering, tax evasion, corruption, fraud, and other financial crimes. Requiringthe disclosure of key individuals who own or control a legal entity (i.e., the beneficial owners) helps law enforcementinvestigate and prosecute these crimes.

To view a full and downloadable (free) copy of the form, in PDF format – please click here.