Determine Whether a Non-Resident Entity is a Financial Institution. a) Review information maintained for regulatory or customer relationship purposes (including information collected pursuant to AML/KYC Procedures) to determine whether the information indicates that the Non-Resident Entity Account Holder is a Financial Institution. b) If the information indicates that the Non-Resident Entity Account Holder is a Financial Institution, then the account is not a Reportable Account.
Appears in 10 contracts
Samples: Agreement to Improve International Tax Compliance, Agreement to Improve International Tax Compliance, Agreement to Improve International Tax Compliance
Determine Whether a Non-Resident Entity is a Financial Institution. a) Review information maintained for regulatory or customer relationship purposes (including information collected pursuant to AML/KYC Procedures) to determine whether the information indicates that the Non-Resident Entity Account Holder account holder is a Financial Institution.
b) If the information indicates that the Non-Resident Entity Account Holder account holder is a Financial Institution, then the account is not a Reportable Account.
Appears in 1 contract
