GENERAL INSTRUCTIONS/DEFINITIONS. In compliance with the Customer Due Diligence requirements issued by the Financial Crimes Enforcement Network {FinCEN), financial institutions must identify and verify the identity of the beneficial owners of all legal entity customers. This form must be completed by the person opening a new account on behalf of a legal entity customer. For the purposes of this form, a legal entity includes a corporation, limited liability company, or other entity that is created by filing a public document with a Secretary of State or similar office, a general partnership, and any similar business entity formed in the United States or a foreign country. Legal entity does not include sole proprietorships, unincorporated associations, or natural persons opening account on their own behalf. This form requires you provide the name, address, date of birth and Social Security number (or passport number or other similar information, in the case of non-U.S. Persons) for the following individuals (i.e., the beneficial owners):
GENERAL INSTRUCTIONS/DEFINITIONS. Small Dollar Purchases - A single purchase, which in aggregate, costs less than $1,500. Department Head - Vice President, Xxxx, Director, Department Chairperson or Administrators/Manager with budget authority. Employee Application - The MSM Purchasing Card, Cardholder application. Cardholder Agreement Form - The Employee Agreement for MSM Purchasing Card. Cardholder - Employee who has been issued a Purchasing Card. Card Issuer – SunTrust, the bank issuing MSM’s Purchasing Card. Key Contacts - Individuals responsible for the program who are available to answer specific questions pertaining to use of the card program Standard Industrial Code (SIC) - This is a code assigned to each merchant participating in the program identifying the product or service provided by the merchant. Purchasing Card Administrator - Individual responsible for issuance of the Purchasing Card and other facets of the MSM Purchasing Card Program ESP Software - Software provided by Card Issuer and used to review transactions and change account numbers as noted in Section 5. Note: Database management of ESP Software will take place daily, usually at times in early morning or late in the evening. Purchasing Card Coordinator – A person designated by the Department Head to review purchasing card transactions within the department. The authorized approver may review charges for one or multiple cardholders.
