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Supporting Statement on Ownership Pd F 1071 Form

Supporting Statement on Ownership Pd F 1071 Form

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[Music] Letter F percentage of ownership so both use  the same threshold for a percentage 25% or more   hey here's where they differ 1071 says we're  talking about principal owners they got to   be natural persons 25% or more but we're only  looking at direct ownership so XYZ Corp who's   directly underneath it and we're only looking at  25% owners that are people individuals like like   you and I and Diane BSA says oh who wait a minute  this is about the shell game we're trying to   find that ugly out there we're trying to find the  people that are trafficking guns drugs and people   and so 25% that's where we do our line but it's  direct and remember we're peeling back the layers   of the onion we're drilling through drilling  through comp complex organizations uh trying to   find Transparency find trying to find the door  that we can go kick down if we want to try and  

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