USA Patriot Act
USA Patriot Act & Customer Identification Program
Federal regulations enacted pursuant to Section 326 of the USA Patriot Act require all financial institutions to verify the identity of every person who seeks to open an account with Pioneer after October 1, 2003. All persons are subject to the identity verification requirements, even though they may be a long term customer of and well known to Pioneer.
For the purpose of the regulation, an "account" includes every formal banking relationship that entails ongoing services, dealings or transactions. Some examples are a deposit account, loan, trust relationship or safe deposit box rental.
If you request to open an account or become a signatory on an account with Pioneer, and Pioneer has not previously verified your identity under the new regulatory requirements, Pioneer will require documentary verification of your identity, such as a driver's license or passport and/or it will verify your identity through other non-documentary methods. Similar identification requirements apply to business entities such as corporations and partnerships.
If you are an existing customer of Pioneer, we will use this as an opportunity to update our information on you.