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Nonprofit corporations? In or Out for beneficial ownership?

Question: 
Do we have to have a beneficial ownership certification on a nonprofit corporation?
Answer: 

Nonprofit corporations are not excluded from beneficial ownership certification. However, the control prong is the only piece that needs certification from the person opening the account.
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Learn more about Deborah Crawford’s webinar
Opening Business Deposit Accounts-CIP and Beneficial Ownership

First published on 07/01/2018

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