Beneficial Ownership Overview In May 2016, the U.S. Government passed a new regulation regarding the beneficial ownership of legal entity customers. Beginning, May 11, 2018, this regulation will become effective and it will be mandatory for all financial institutions to comply with this regulation by identifying the ultimate beneficial owner(s) and a controlling person of…

One of the best ways you can defend yourself against identity theft or other forms of fraud is to shred important documents when you don’t need them anymore. But, what is considered an important document? The following is what we recommend you shred: ATM Receipts. You don’t need them after you have compared them with…

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