Customer Identification Program

On April 30, 2003, the Department of Treasury, through the Financial Crimes Enforcement Network, and the SEC jointly announced a final rule to implement Section 326 of the PATRIOT Act. Among other things, Section 326 requires ALCO to implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; to maintain records of the information used to verify the person's identity; and to determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to broker/dealers by any government agency. The procedures were implemented on October 1, 2003.

This new rule also requires that, among other things, ALCO notify their customers, before the account is opened, about the new customer identification requirements. A notice will be placed on our website. Files and evidence will be maintained in both the customer’s file and in compliance.

Statement for website and clients

Customer Identification Program

In an effort to protect you and our country, President Bush signed the USA Patriot Act into law on October 26, 2001.

One section of the USA Patriot Act says all financial institutions must:

• Verify the identity of any person seeking to open an account
• Maintain record of the information used to verify the person’s identity including name address and other identifying means.

Allen & Company proudly supports all efforts to protect and maintain the security of our customers and our country.

Allen & Company trusts you will understand the necessity of these requirements and help us follow them by presenting picture identification and verifying other information. In some cases, identification will be requested from those who have had accounts with us prior to the adoption of the USA Patriot Act because original documentation was not obtained with the opening of the account. In all cases we pledge to protect your identity and confidentiality.