Patriot Act
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help combat the funding of terrorism and money laundering activities, PAA CAPITAL GROUP obtains, verifies, and records information that identifies each person and entity that opens an account with us.
What does this mean for you? When you open an account, we will request your name, address, date of birth, and other details that will help us identify you. We may also ask to see your driver’s license, passport, or other identifying documents, including conducting a Skype Video Verification.
PATRIOT ACT Certification
Under the USA PATRIOT Act and the final rules issued by the U.S. Department of the Treasury, a U.S. bank or a U.S. broker-dealer in securities (a “Covered Financial Institution”) must obtain certain information from any “Foreign Bank” that maintains a correspondent account with it.
PAA CAPITAL GROUP is registered under the Foreign Account Tax Compliance Act (FATCA) with the Internal Revenue Service (IRS), enhancing our compliance efforts under the PATRIOT Act. Our Global Intermediary Identification Number (GIIN) is FL7N3P.99999.SL.072, which is used to ensure all accounts held by U.S. persons meet stringent reporting requirements.
As permitted by the final rules, PAA CAPITAL GROUP has prepared a Global Certification for use by any financial institution requiring a Patriot Act Certification from us or any of our branches or listed subsidiaries. Please utilize this Certification in lieu of requesting a separate Certification form from PAA CAPITAL GROUP or its branches.