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#2220420 - 08/26/19 07:17 PM BO - Authorized signers?
AW27 Offline
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Joined: Jan 2017
Posts: 22
For a business do authorized signers need beneficiary ownership completed?

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#2220421 - 08/26/19 07:19 PM Re: BO - Authorized signers? AW27
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Not unless those authorized signers are (1) 25% owners, or (2) the control individual.
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John S. Burnett
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#2220638 - 08/28/19 10:04 PM Re: BO - Authorized signers? AW27
TryingtoComply Offline
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Joined: Apr 2013
Posts: 2,199
The West
Beneficial ownership applies to legal entity customers as defined in the regulation. It does not pertain to individual who are authorized signers on an account.

As John indicated, if the authorized signers of a legal entity customer ARE the beneficial owners, then their information would need to be reported on the form.
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