Account Opening Procedures. To the extent the Transfer Agent receives and processes account applications for the Trust, the Transfer Agent shall ensure each customer (as defined under 31 CFR ss. 103.131(a)(2) ("Customer") who is seeking to open an "account" (as defined under 31 CFR ss. 103.131(a)(1) ("Account") provides the required data elements listed under 31 CFR ss. 103.131(b)(2)(i) ("Identification Data"), prior to opening an Account for a Customer. In addition, the Transfer Agent shall ensure that each Customer receives the notice required under 31 CFR ss. 103.131(b)(5) prior to opening the Customer's Account.
Account Opening Procedures. The Grantor and the Beneficiary shall, as a condition of establishing this Trust Account with the Trustee, complete the attached Supplemental Documents and provide any supplemental information required by the Trustee in connection with its normal account opening procedures.
Account Opening Procedures. 13. You acknowledge that as part of the account opening procedure the Company shall be entitled to collect information allowing construction of an economic profile of the client.
Account Opening Procedures. Additionally, Paxos will, as part of its account opening process: (i) cross-check the names of users against compliance databases such as the OFAC Specially Designated Nationals list and other governmental watch lists; (ii) require users to verify and validate their identity and identification documents presented at onboarding; and (iii) not permit any activity on platform with incomplete account opening information.
Account Opening Procedures
