Nomura Securities International, Inc. | Anti-money laundering Requirements

NOMURA SECURITIES INTERNATIONAL, INC.

Customer Identification Program

Nomura Securities International, Inc. (NSI) is subject to the USA PATRIOT Act (Act), a law passed after the terrorist attacks of September 11, 2001 that is designed to detect and deter money-laundering and terrorist financing, and to punish terrorists in the United States and abroad. The Act imposes anti-money laundering requirements on U.S. securities firms and certain other U.S. financial institutions. Among other things, we must establish anti-money laundering programs, including, but not limited to:

  • (A) the development of internal policies, procedures, and controls to detect and report suspicious transactions to the U.S. government, as well as ensure compliance with new laws and regulations;
  • (B) the designation of a special compliance officer;
  • (C) an ongoing employee training program; and
  • (D) an independent, annual audit of our anti-money-laundering program.

We are also required to verify the identity of our clients with whom we do business. In verifying identity, we must not only ask for certain information, we must also check the information provided through the use of available data and/or documents. Until our clients provide the information or documents we are required to collect, we may not be able to open an account or effect any transactions in the account.

The steps NSI takes to verify the identity of our clients who open new accounts, include:

  • Requesting certain information from the client, such as their name, address, principal place of business, tax identification number, or other official government issued identification (e.g., certified articles of incorporation, a government-issued business license, a partnership agreement, or a trust instrument).
  • Taking steps to check the information provided - to verify that clients are who they say they are.
  • Consulting applicable governmental agency lists of known or suspected criminals, terrorists, terrorist organizations, and certain foreign countries and financial institutions designated by the U.S. government as being "of primary money-laundering concern" to determine if someone on any such list is attempting to open or maintain an account.
  • Conducting, in certain instances, additional due diligence when accounts are opened for foreign persons or certain foreign financial institutions, and certain other clients.
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