Paper Record Search. If the Reporting [FATCA Partner] Financial Institution’s electronically searchable databases include fields for and capture all of the information identified in subparagraph D (3) of this section, then no further paper record search is required. If the electronic databases do not capture all of this information, then with respect to High Value Accounts, the Reporting [FATCA Partner] Financial Institution must also review the current customer master file and, to the extent not contained in the current customer master file, the following documents associated with the account and obtained by the Reporting [FATCA Partner] Financial Institution within the last five years for any of the U.S. indicia identified in subparagraph B (1) of this section: a) the most recent documentary evidence collected with respect to the account; b) the most recent account opening contract or documentation; c) the most recent documentation obtained by the Reporting [FATCA Partner] Financial Institution pursuant to AML/KYC Procedures or for other regulatory purposes; d) any power of attorney or signature authority forms currently in effect; and e) any standing instructions to transfer funds currently in effect.
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Samples: Intergovernmental Agreement to Improve Tax Compliance and Implement Fatca, Intergovernmental Agreement to Improve Tax Compliance and to Implement Fatca, Intergovernmental Agreement to Improve Tax Compliance and to Implement Fatca
Paper Record Search. If the Reporting [FATCA Partner] HS/VCS Financial Institution’s electronically searchable databases include fields for for, and capture all of the information identified in described in, subparagraph D (3D(3) of this section, then no further paper record search is required. If the electronic databases do not capture all of this information, then with respect to a High Value AccountsAccount, the Reporting [FATCA Partner] HS/VCS Financial Institution must also review the current customer master file and, to the extent not contained in the current customer master file, the following documents associated with the account and obtained by the Reporting [FATCA Partner] HS/VCS Financial Institution within the last five years for any of the U.S. indicia identified described in subparagraph B (1B(1) of this section:
a) the The most recent documentary evidence collected with respect to the account;
b) the The most recent account opening contract or documentation;
c) the The most recent documentation obtained by the Reporting [FATCA Partner] HS/VCS Financial Institution pursuant to AML/KYC Procedures or for other regulatory purposes;
d) any Any power of attorney or signature authority forms currently in effect; and
e) any Any standing instructions to transfer funds currently in effect.
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