What is required when opening an account for a non-U.S. citizen?

When opening an account for a non-U.S. citizen, it is essential to gather specific information to comply with regulations and ensure proper identification. The requirement of obtaining both the current employer and current address helps financial institutions verify the identity and residency status of the individual.

The current employer provides insights into the financial situation of the account holder and can assist in addressing any compliance obligations related to employment verification. The current address is crucial for establishing residency and is often used for communication and record-keeping purposes.

While the other options suggest gathering relevant information, they do not encompass the complete range of data required for account opening under the regulations governing non-U.S. citizens. Hence, having both the current employer and current address ensures that the financial institution has a clearer picture of the account holder's profile, facilitating compliance with anti-money laundering and identification requirements.