Benjamin & Jerold Anti-Money Laundering

The USA PATRIOT Act, implemented in October 2002, is designed to detect, deter, and punish terrorists in the United States and abroad. The Act imposes new anti- money laundering requirements on brokerage firms and financial institutions. Benjamin & Jerold Brokerage, LLC, as required, has implemented a comprehensive anti-money laundering program. To help you understand these efforts, we want to provide you with some information about money laundering and our steps to implement the USA PATRIOT Act.

Under the rules required by the USA PATRIOT Act, COR Clearing LLC has designated a chief anti-money laundering compliance officer, set up employee training, arranged for independent audits, and established policies and procedures to detect and report suspicious transactions and ensure compliance with the laws. As part of our required program, you will be asked to provide various identification documents. Until you provide the information or documents are needed and until your identity has been verified, you may not be able to open an account or effect any transactions for you

We thank you for your cooperation and hope that you will support us in our efforts to deny terrorists groups’ access to America’s financial system.

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