Important Information About Beneficial Ownership

Effective May 11, 2018

The Beneficial Ownership rule is designed to help the government fight the funding of terrorism and money laundering activities. Federal regulation requires that financial institutions obtain, identify, and verify information about the owners (beneficial owners) of most businesses.

What does this mean?

You will need to complete and sign a Certification form. Click to download pdf form.

The following individuals need to be identified on the Certification form for your business:

Who has to complete this form?

The person opening a new account, or making changes to an existing business account, must complete this form.

What information do I have to provide?

If you have any questions, please call 804.419.8919 or visit your local Village Bank branch.