The Bank Secrecy Act requires that all financial institutions collect and verify the identities of certain individuals who own or control legal entities. The purpose of the provisions is to help the U.S. government’s fight against crimes to evade financial requirements that address terrorism and other national security threats.
The Beneficial Owner(s) Certification Form is provided below for your convenience and can be downloaded and printed. Completed forms require the signature of the individual providing the information. Please note this form may not be digitally signed.
The completed form should be provided to Bar Harbor Bank & Trust by the individual who will be opening the business account, in addition to all other business identity documents (see the FAQs).
This form must be completed before, or at, account opening.
The Beneficial Owner Form
When opening an account at Bar Harbor Bank & Trust, the Beneficial Owner(s) Certification Form must be completed by an individual authorized to open accounts or provide information on behalf of the legal entity, also known as a Natural Authorized Person. The form requires, among other information, the name, business address or primary residence address, date of birth, Social Security Number (as applicable), the name of the issuing state or country, and number of the passport or driver’s license for the Beneficial Owners and Control Person of the legal entity opening an account.