Beneficial Ownership Certification GENERAL INSTRUCTIONS What is this form? Federal regulation requires certain financial institutions to obtain, verify, and record information about the beneficial owners.
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How to fill out the BB&T Beneficial Ownership Certification Form online
Filling out the BB&T Beneficial Ownership Certification Form is essential for legal entities required to disclose their beneficial owners. This guide provides step-by-step instructions to help you complete the form accurately and efficiently online.
Follow the steps to complete the BB&T Beneficial Ownership Certification Form.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Begin by entering the name and title of the natural person completing the certification in the designated fields, including the first name, middle initial, last name, and title.
- Provide the name and address of the legal entity. Fill in the legal entity's name, doing business as (DBA) name if applicable, tax ID number, street address, city, state, zip code, and country.
- Identify the controlling person. Enter their legal name, title, social security number (SSN) or individual taxpayer identification number (ITIN), and if they do not have an SSN/ITIN, select an acceptable identification document and enter its details. Provide the date of birth and residential address as well.
- List the beneficial owners, if applicable. Each beneficial owner's information should include their legal name, percentage of ownership, SSN/ITIN, or acceptable identification details if they do not have an SSN/ITIN. Repeat this process for up to four beneficial owners.
- In the certification section, read the statement carefully and then provide the signature of the individual completing the form along with the date.
- After filling in all the necessary fields, review the information for accuracy. You can then save the changes, download, print, or share the form as needed.
Start filling out the BB&T Beneficial Ownership Certification Form online to ensure compliance and proper documentation today.
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Get answers to your most pressing questions about US Legal Forms API.
What is a certificate of beneficial ownership form?
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.
Who can sign the beneficial ownership form?
The signatory is the individual opening the account. If the individual across the desk and providing the documentation is a beneficial owner, she would sign it. If the individual is nothing more than the company's "runner," he would sign it.
What is beneficial ownership in banking?
A beneficial owner is defined as any individual who owns either directly or indirectly 25 percent or more equity interest in a legal entity.
How do I fill out a beneficial ownership form?
Business name. Business address or primary residence address. Date of birth. Social Security Number (as applicable) The name of the issuing state or country. Passport or driver's license number for the Beneficial Owners and Control Person as applicable.
What is a beneficial ownership certification form?
Requiring the disclosure of key individuals who own or control a legal entity (i.e., the beneficial owners) helps law enforcement investigate and prosecute these crimes.
What is a beneficial ownership form?
Requiring the disclosure of key individuals who own or control a legal entity (i.e., the beneficial owners) helps law enforcement investigate and prosecute these crimes.
Who is considered a beneficial owner of an account?
The term beneficial owner shall mean each individual, if any, who owns, either directly or indirectly, 25% or more of the equity interests of a legal entity customer. The term control shall apply to any single individual with significant responsibility to control, manage, or direct a legal entity customer.
Where can I get a beneficial ownership form?
When completed, this form is provided to the financial institution where the account is opened. DO NOT SEND TO FinCEN. Where may I obtain a copy of the form? A copy (pdf) may be downloaded from the FinCEN website at www.fincen.gov under the Filing Information tab.
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