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AML/KYC Compliance Form for Securities & Commodity Firms

Securities, Commodity Contracts, and Other Financial Investments and Related Activities · NAICS 523 · AML/KYC Compliance Form

This AML/KYC Compliance Form is designed for securities, commodities, and investment firms to collect essential customer identification and risk assessment data. In an industry governed by the Bank Secrecy Act, FinCEN's Customer Due Diligence Rule, and SEC/CFTC regulations, a robust KYC process is your first line of defense against money laundering and terrorist financing. This form captures the required elements: customer identity, beneficial ownership for legal entities, source of funds, and risk indicators. Use it during account opening to streamline your compliance workflow and demonstrate your commitment to regulatory expectations.

When you need this document

When opening a new brokerage, advisory, or commodity account for an individual or entity
When adding a new signatory or beneficial owner to an existing account
During periodic KYC refresh cycles required by your firm's AML program
When a customer's risk profile changes due to new activity or updated information
When onboarding a foreign customer or a legal entity with complex ownership structures

What the generated draft includes

Customer identification fields (name, DOB, address, tax ID)
Beneficial ownership information for entities with 25% or more owners
Account type and customer type selection
Source of funds and risk assessment indicators
Certification and signature block for customer attestation
Internal use section for compliance officer review and enhanced due diligence notes

Frequently asked questions

Is this form sufficient for full AML compliance?

No, this form is a data collection tool. Your firm must have a comprehensive AML program including written policies, independent testing, and ongoing monitoring. This form helps you capture the necessary customer information but does not replace your full program.

What is the beneficial ownership requirement?

Under FinCEN's CDD Rule, legal entity customers must identify individuals who own 25% or more of the entity and one individual who controls the entity. This form includes a field for beneficial owners to help you collect that data.

Can I use this form for both US and foreign customers?

Yes, the form includes fields for citizenship and tax ID, which can be adapted for foreign customers. However, you may need to collect additional information for foreign entities, such as a foreign passport or incorporation documents, and consider enhanced due diligence for higher-risk jurisdictions.

Self-help document generator: you get a structured draft based on the facts you provide. It is not legal, tax, or financial advice; verify jurisdiction-specific rules before sending.