Questions on the Beneficial Ownership Rule?

Beneficial Ownership FAQ

Effective May 2018, the U.S. government has amended Customer Due Diligence rules to require all financial institutions to obtain and verify specific information from legal entities. The new regulation makes it mandatory for East West Bank to identify and verify key individuals who own and/or control a legal entity when establishing or maintaining an account. This impacts both new and existing account holders whether or not the person identified is an East West Bank customer. Provided below are a few Frequently Asked Questions (FAQs) to assist our customers with understanding these new requirements.

Security And Protection

• Consumer Data Protection
• Online Security Information
• Business Continuity Program

 

Fraud Prevention

Tips on how you can protect your information and identity, and what to do if you are a victim of fraud.

• How to Prevent Identity Theft
• How to Avoid Phishing
• How to Prevent Elder Financial Abuse
• Online Banking Fraud Protection

 

Privacy

Read our privacy policies and learn how to keep your information private.

• Privacy Notice for Consumers
• California Consumer Privacy Act Policy
• Do Not Call Policy
• Customer Identification Program Notice
• Beneficial Ownership FAQ

 

Other Resources

• Giving the Bounce to Counterfeit Check Scams
• Filing a Complaint with the FTC ID Theft
• Visit the Security Center
• Stay Safe Online
• Homeland Security’s Cybersecurity Site

 

Inform Us Immediately!

• Report Fraud, Phishing & Email Scams