As of May 11, 2018, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury, requires that for U.S. accounts this information is collected for either:
  • An individual with significant responsibility for managing the organization or, 
  • Any individual who owns 25% or more of the business

The information Blackbaud is required to collect is the individual’s full legal name, home address, date of birth and social security number. If the individual is unable to be verified with this information, a color-copy government issued photo ID (ex. Driver’s license or passport) may be required for the individual.

This information is necessary to ascertaining the identity of individuals and entities to comply with the regulatory and financial industry rules. Unfortunately, we are unable to make exceptions to this requirement.

This information is collected for the specific purpose of verifying compliance for payment processing and will only be used for that purpose. Moreover, all information is protected against loss or theft as well as unauthorized access, disclosure, copying, use or modification.

The signatory authority of the organization must be an individual with significant responsibility for managing the organization (e.g., a Chief Executive Officer, Chief Financial Officer, Executive Director or Treasurer). This individual assumes the role as key contact for the account should any issues arise related to regulatory examinations and investigations.

For additional information regarding the FinCEN requirement, please see Appendix A, page 58 of the Federal Register.