Common use of Determine Whether the Entity is a Specified Person Clause in Contracts

Determine Whether the Entity is a Specified Person. 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 Entity Account Holder is a Specified Person. For this purpose, information indicating that the Entity is a Specified Person includes the place of incorporation or organisation, or an address in the other Party. b) If the information indicates that the Entity Account Holder is a Specified Person, the Reporting Financial Institution must treat the account as a Reportable Account unless it obtains a self-certification from the Account Holder, or reasonably determines based on information in its possession or that is publicly available, that the Account Holder is not a Specified Person.

Determine Whether the Entity is a Specified Person. 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 Entity Account Holder entity account holder is a Specified Person. For this purpose, information indicating that the Entity entity is a Specified Person includes the place of incorporation or organisation, or an address in the other Party. b) If the information indicates that the Entity Account Holder entity account holder is a Specified Person, the Reporting Financial Institution must treat the account as a Reportable Account unless it obtains a self-certification from the Account Holderaccount holder, or reasonably determines based on information in its possession or that is publicly available, that the Account Holder account holder is not a Specified Person.