NEW ACCOUNTS
IMPORTANT INFORMATION ABOUT PROCEDURES FOR 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.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents and may take additional steps we deem appropriate to verify your identity.
In addition to satisfying regulatory requirements related to the government’s efforts to combat terrorism and money laundering activities, the information verification efforts of CUSO are intended to reduce the risk that you the customer will be the subject of identity theft.