Firms must comply with the Bank Secrecy Act and its implementing regulations ("AML rules"). The purpose of the AML rules is to help detect and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.
Also, when you open an account, we need to know and retain the essential facts concerning every customer and concerning the authority of each person acting on behalf of such customer.
Thus, we have implemented policies and procedures that can be reasonably designed to achieve compliance with the rules and regulations surrounding Anti-Money laundering and Know Your Customer.
Investors should make sure the information that they enter is accurate and matches what is on their government-issued ID. Otherwise, investors may not receive an approval for their account and could delay the offering process.