Beneficial Ownership Rule 101
Under FinCEN’s Customer Due Diligence Requirements for Financial Institutions (the “CDD Rule”), the regulatory pressures on financial institutions to identify and verify their customers are the greatest they have ever been. If all owners of the legal entity opening accounts are not defined and known, financial institutions may be subject to fines and severe risk implications.
Thomson Reuters CLEAR
CLEAR online investigation software makes it easier to locate people, businesses, assets and affiliations, and other critical information. With its vast collection of public and proprietary records, investigators can dive deep into their research and uncover hard-to-find data.
Thomson Reuters is not a consumer reporting agency and none of its services or the data contained therein constitute a ‘consumer report’ as such term is defined in the Federal Fair Credit Reporting Act (FCRA), 15 U.S.C. sec. 1681 et seq. The data provided to you may not be used as a factor in consumer debt collection decisioning, establishing a consumer’s eligibility for credit, insurance, employment, government benefits, or housing, or for any other purpose authorized under the FCRA. By accessing one of our services, you agree not to use the service or data for any purpose authorized under the FCRA or in relation to taking an adverse action relating to a consumer application.