The USA PATRIOT Act, enacted in 2001, is designed to detect, deter, and punish terrorists in the United States and abroad. The USA PATRIOT Act imposes new anti-money laundering requirements on brokerage firms and financial institutions.
Leader Capital Corp. has established comprehensive anti-money laundering programs that meet applicable rules and regulations in the jurisdictions where it conducts business. To help you understand these efforts, below you will find some information about money laundering and our steps to implement the USA PATRIOT Act.
Important Information About Procedures for Opening a New Account:
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
Our Customer Identification Procedures for New Accounts:
Government rules adopted to prevent money laundering and terrorist financing require all U.S. financial institutions to obtain, record and verify information that identifies each individual or entity that opens an account.
When you open an account with Leader Capital Corp., we will ask you for your name and address. We will also ask for an identification number. For U.S. individuals, this means a taxpayer identification number such as your social security number. For U.S. entities, it means your employer identification number. For non-U.S. individuals, you must supply a passport or other government-issued photo identification document. For non-U.S. entities, it means a taxpayer identification number.
In addition, you may be required to provide identification documents as necessary to enable the Firm to verify your identity. Leader Capital Corp. may also screen your name against various databases to verify your identity. All information and documentation will be treated in a manner so as to protect your privacy.
Leader Capital Corp. is required to verify the identity of its customers. In certain circumstances, we may not be able to open an account or conduct any transactions for you until we have obtained and verified the necessary identification information. If we have opened an account for you, we may have to restrict trading or close it if you do not supply the necessary information or documents or if we are unable to verify your identity.
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