Anti-Money Laundering Statement
This letter is to confirm that The IRA Club, LLC has procedures in place to comply with the Anti-Money Laundering Program as described by the USA Patriot Act. The program includes but is not limited to; checking client identity via independent sources. Testing client names against the Office of Foreign Asset Control’s prohibited parties’ list, reviewing sources of funds, limiting annual contributions to IRA Club accounts to the Internal Revenue Services established limits and if deemed necessary, filing Suspicious Activity Reports.
IRA Club has requested you to provide significant personal information. Thank you. This information is necessary, so we may properly service your account. Please know that IRA Club will work to protect the information you provide to us.
We, our, and us, when used in this notice, mean IRA Club. You and Your sha ll mean the client of IRA Club. Non-public personal information means information about you that we collect in connection with providing a financial service to you. Non-public personal information does not include information that is available from public sources, such as telephone directories or government records. A non-affiliated third-party company that is a company that is not an affiliate of IRA Club.
Information IRA Club Will Reference About You
IRA Club may collect non-public personal information about you from the following sources:
- Information we receive directly from you on applications and other forms
- Information about transaction in your IRA account
- Information from consumer reporting agencies for identification verification
Information IRA Club May Disclose Regarding Your Account
IRA Club does not disclose non-public personal information about clients; except as required by law, a State or Federal Agency or by a State of Federal Court. In some instances, IRA Club must disclose some client information to State Regulators, our bank, custodian or our attorneys. IRA Club limits access to non-public personal information only to those employees who need to know that information to provide services to you. IRA Club maintains physical, electronic and procedural safeguards that comply with Federal standards to guard your non-public personal information.