Why is personal Information required when setting up my organization's checking account?

Stripe, Givsum's payment processor, is required to collect, verify, and maintain information on the individuals associated with each Stripe account. These requirements come from U.S. regulators and financial partners, and are intended to prevent individuals from using complex schemes to hide terrorist financing, money laundering, tax evasion, and other financial crimes. You can read about this here: https://support.stripe.com/questions/date-of-birth-and-last-4-digits-of-social-security-number-ssn-requirement-for-us-stripe-accounts  As well as review Stripe's Privacy Policy which explains why this information is needed, and what they do with it, and how they safeguard it: https://stripe.com/us/privacy”