Common use of Review Procedures for Identifying Entity Accounts With Respect to Which Reporting Is Required Clause in Contracts

Review Procedures for Identifying Entity Accounts With Respect to Which Reporting Is Required. For Preexisting Entity Accounts described in paragraph B of this section, the Reporting Indian Financial Institution must apply the following review procedures to determine whether the account is held by one or more Specified U.S. Persons, by Passive NFFEs with one or more Controlling Persons who are U.S. citizens or residents, or by Nonparticipating Financial Institutions: 1. Determine Whether the Entity Is a Specified U.S. Person. (a) Review information maintained for regulatory or customer relationship purposes (including information collected pursuant to j AML/KYC Procedures i to determine whether the information , indicates that the Account Holder is a U.S. Person. For this purpose. information indicating that the Account Holder is a U.S. Person includes a US. place of incorporation or organization, or a US address. (b) If the information indicates that the Account Holder is a U.S. Person, the Reporting Indian Financial Institution must treat the account as a U.S. Reportable Account unless it obtains a self-certification from the Account Holder (which may be on an IRS Form W-8 or W-9, or a similar agreed form), or reasonably determines based on information in its possession or that is publicly available, that the Account Holder is not a Specified U.S. Person. 2. Determine Whether a Non-U.S. 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 Account Holder is a Financial Institution. (b) If the information indicates that the Account Holder is a Financial Institution, or the Reporting Indian Financial Institution verities the Account Holder's Global Intermediary Identification Number on the published IRS FFI list, then the account is not a U.S. Reportable Account.

Review Procedures for Identifying Entity Accounts With Respect to Which Reporting Is Required. For Preexisting Entity Accounts described in paragraph B of this section, the Reporting Indian HKSAR Financial Institution must apply the following review procedures to determine whether the account is held by one or more Specified U.S. Persons, by Passive NFFEs with one or more Controlling Persons who are U.S. citizens or residents, or by Nonparticipating Financial Institutions: 1. Determine Whether the Entity Is a Specified U.S. Person. (a) Review information maintained for regulatory or customer relationship purposes (including information collected pursuant to j AML/KYC Procedures i Procedures) to determine whether the information , indicates that the Account Holder is a U.S. Person. For this purpose. , information indicating that the Account Holder is a U.S. Person includes a US. U.S. place of incorporation or organization, or a US U.S. address. (b) If the information indicates that the Account Holder is a U.S. Person, the Reporting Indian HKSAR Financial Institution must treat the account as a U.S. Reportable Account unless it obtains a self-certification from the Account Holder (which may be on an IRS Form W-8 or W-9, or a similar agreed form), or reasonably determines based on information in its possession or that is publicly available, that the Account Holder is not a Specified U.S. Person. 2. Determine Whether a Non-U.S. 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 Account Holder is a Financial Institution. (b) If the information indicates that the Account Holder is a Financial Institution, or the Reporting Indian HKSAR Financial Institution verities verifies the Account Holder's ’s Global Intermediary Identification Number on the published IRS FFI list, then the account is not a U.S. Reportable Account.

Review Procedures for Identifying Entity Accounts With Respect to Which Reporting Is Required. For Preexisting Entity Accounts described in paragraph B of this section, the Reporting Indian Thai Financial Institution must apply the following review procedures to determine whether the account is held by one or more Specified U.S. Persons, by Passive NFFEs with one or more Controlling Persons who are U.S. citizens or residents, or by Nonparticipating Financial Institutions: 1. Determine Whether the Entity Is a Specified U.S. Person. (a) Review information maintained for regulatory or customer relationship purposes (including information collected pursuant to j AML/KYC Procedures i Procedures) to determine whether the information , indicates that the Account Holder is a U.S. Person. For this purpose. , information indicating that the Account Holder is a U.S. Person includes a US. U.S. place of incorporation or organization, or a US U.S. address. (b) If the information indicates that the Account Holder is a U.S. Person, the Reporting Indian Thai Financial Institution must treat the account as a U.S. Reportable Account unless it obtains a self-certification from the Account Holder (which may be on an IRS Form W-8 or W-9, or a similar agreed form), or reasonably determines based on information in its possession or that is publicly available, that the Account Holder is not a Specified U.S. Person. 2. Determine Whether a Non-U.S. 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 Account Holder is a Financial Institution. (b) If the information indicates that the Account Holder is a Financial Institution, or the Reporting Indian Thai Financial Institution verities verifies the Account Holder's ’s Global Intermediary Identification Number on the published IRS FFI list, then the account is not a U.S. Reportable Account.