We are continuing to improve security by mandating that every employer enter their principal officer's information (Name, Social Security number, and date of birth) along with their bank information. This is in compliance with the Office of Foreign Asset Control (OFAC) that falls within the Executive Branch of the US. Treasury Department and the Anti-Money Laundering Act (AML).
Why is this being required?
This is a check required by the U.S. Government to fight the funding of terrorism and money-laundering activities. Federal law requires us to obtain, verify, and record information that identifies the principal officer listed on an account used for Electronic Services, including direct deposit. If the principal officer is a nonresident alien, the employer needs to provide additional documentation for review by the Compliance Team.
The valid, unexpired government issued ID must be legible and must have an expiration date listed.
U.S. Online and Desktop Accounts
- U.S. passport or foreign passport
- Permanent Resident Alien Card or Alien Registration Card (Form I-551)
- Driver's license or ID card issued by a U.S. state
- U.S. Military card
- Native American Tribal document
Turnaround time for verification is 48 business hours from the time all updates have been made and documentation is received. Errors, inaccurate or missing information will delay the verification process.
Assisted Desktop Payroll Customers
Do It Yourself Desktop Payroll Customers
Online Payroll CustomersChange principal officer