Due to customer due diligence rule requirements under the Bank Secrecy Act, our funding partner Dwolla requires us to collect controller information and beneficial owner information for the business entity.
A controller is a person who holds significant responsibilities to control, manage or direct a company or other corporate entity (e.g. CEO, CFO, General Partner, President, etc).
A beneficial owner is a person who — directly or indirectly — owns 25 percent or more of a company. If there are no natural persons who own 25 percent or more of a company, then no information needs to be collected.
A beneficial owner cannot be another company (or other corporate entity), nor a nominee owner.
Please contact firstname.lastname@example.org with any questions about the collection of this information.