Privacy Notice | Patriot Act | Anti-Money Laundering
Global Partners Group, and each of its operating subsidiaries is providing you with this Privacy Notice in accordance with Title V of the Gramm-Leach-Bliley Act of 1999.
The Information We Collect About You
The non-public personal information we collect about you comes primarily from account application forms you submit to us. We may also collect information from time to time about your transactions and experiences with us. We may further obtain additional information from consumer reporting agencies.
Our Disclosure Policies
We do not disclose your information to anyone, except as required by law. However, information may be shared with non-affiliated companies that perform support services pertaining to your account such as clearing firms, custodians or hedge fund administrators.
Our Information Security Policies
We strictly limit access to your information to those employees or service providers who are directly involved with administering products or services relating to your account. We maintain physical, electronic and procedural safeguards that are designed to comply with federal standards to safeguard your privacy.
Should your relationship with the company end, we will continue to treat your private information as confidential.
**Customer identification information is required for all clients of Global Partners Group and its Subsidiaries and Partners.
Since passage of the Patriot Act, the Department of Treasury and the Securities and Exchange Commission require financial services firms to confirm the identity of both US and non-US persons with whom they have dealings.
Corporations (or non-natural persons):
If you are a Domestic Corporation, in addition to corporate documentation such as:
- Articles of Incorporation
- Tax ID number
- Corporate Resolution
We also require a copy of the Driver's License of a Senior Authorized Person or Beneficial Owner of the corporation.
In the case of Partnerships, a copy of Driver's Licenses for Partners is required.
For Foreign Corporations, we require a copy of the Driver's License, Passport, or Government Issued Identification Card of a Senior Authorized Person or Beneficial Owner of the corporation.
Individuals:
If you are a US citizen or resident with a Social Security Number, you are required to attach a copy of your Driver's License or State ID License.
If you are a Non US citizen or resident, such as a foreign resident, you are required to attach a copy of your Passport showing identifying information.
If you reside in a foreign country and do not have a passport, a government issued identification card is needed.
What is money laundering?
Money laundering is the process of disguising illegally obtained money so that the funds appear to come from legitimate sources or activities. Money laundering occurs in connection with a wide variety of crimes, including illegal arms sales, drug trafficking, robbery, fraud, racketeering, and terrorism.
How big is the problem and why is it important?
According to the U.S. State Department, a recent estimate puts the amount of worldwide money laundering activity at $1 trillion a year.
What are we required to do to eliminate money laundering?
Under new rules required by the US Patriot Act, financial institutions are required to make vigilant efforts to detect and report suspicious transactions that may constitute money laundering.
To this end, we require transparency with respect to the identities of clients and nature of financial transactions.
We thank you for your patience and cooperation in support of our efforts to deter illegal activity.
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