Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting United Arab Emirates Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) a United Arab Emirates Financial Institution or other Partner Jurisdiction Financial Institution; (iii) a participating FFI, a deemed-compliant FFI, or an exempt beneficial owner, as those terms are defined in relevant U.S. Treasury Regulations; or (iv) an Active NFFE or Passive NFFE.
1. Subject to subparagraph B(2) of this section, a Reporting United Arab Emirates Financial Institution may determine that the Account Holder is an Active NFFE, a United Arab Emirates Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting United Arab Emirates Financial Institution reasonably determines that the Account Holder has such status on the basis of the Account Holder’s Global Intermediary Identification Number or other information that is publicly available or in the possession of the Reporting United Arab Emirates Financial Institution, as applicable.
2. If the Account Holder is a United Arab Emirates Financial Institution or other Partner Jurisdiction Financial Institution treated by the IRS as a Nonparticipating Financial Institution, then the account is not a U.S. Reportable Account, but payments to the Account Holder must be reported as contemplated in subparagraph 1(b) of Article 4 of the Agreement.
3. In all other cases, a Reporting United Arab Emirates Financial Institution must obtain a self-certification from the Account Holder to establish the Account Holder’s status. Based on the self-certification, the following rules apply:
a) If the Account Holder is a Specified U.S. Person, the Reporting United Arab Emirates Financial Institution must treat the account as a U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting United Arab Emirates Financial Institution must identify the Controlling Persons as determined under AML/KYC Procedures, and must determine whether any such person is a U.S. citizen or resident on the basis of a self- certification from the Account Holder or such person. If any such person is a U.S. citizen or resident, the Reporting United Arab Emirates Financial Institution must treat the account as a U.S. Reportable Account.
c) If the Account Holder is: (i) a U.S. Person that is not a Specified U.S. Person; (ii) subject to subparagraph B(3)(d) of this section, a ...
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Singaporean Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) a Singaporean Financial Institution or other Partner Jurisdiction Financial Institution; (iii) a participating FFI, a deemed-compliant FFI, or an exempt beneficial owner, as those terms are defined in relevant U.S. Treasury Regulations; or (iv) an Active NFFE or Passive NFFE.
1. Subject to subparagraph B(2) of this section, a Reporting Singaporean Financial Institution may determine that the Account Holder is an Active NFFE, a Singaporean Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Singaporean Financial Institution reasonably determines that the Account Holder has such status on the basis of the Account Holder’s Global Intermediary Identification Number or other information that is publicly available or in the possession of the Reporting Singaporean Financial Institution, as applicable.
2. If the Account Holder is a Singaporean Financial Institution or other Partner Jurisdiction Financial Institution treated by the IRS as a Nonparticipating Financial Institution, then the account is not a U.S. Reportable Account, but payments to the Account Holder must be reported as contemplated in subparagraph 1(b) of Article 4 of the Agreement.
3. In all other cases, a Reporting Singaporean Financial Institution must obtain a self-certification from the Account Holder to establish the Account Holder’s status. Based on the self-certification, the following rules apply:
a) If the Account Holder is a Specified U.S. Person, the Reporting Singaporean Financial Institution must treat the account as a U.S.
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Financial Institution must determine whether the Account Holder is: (i) a Specified Person; (ii) a Non-Resident Entity which is a Financial Institution; (iii) a Non-Reporting Financial Institution; (iv) an exempt beneficial owner; (v) an Active NFFE or Passive NFFE.
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Cayman Islands Financial Institution must determine whether the Account Holder is: (i) a Specified United Kingdom Person; (ii) a Non-United Kingdom Resident Entity which is a Financial Institution; (iii), a non-reporting Financial Institution; (v) an exempt beneficial owner; (vi) an Active NFFE or a Passive NFFE.
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Indian Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Indian Financial Institution or other Partner Jurisdiction Financial Institution; (iii) a participating FFI, a deemed-compliant FFI, or an exempt beneficial owner, as those terms are defined in relevant U.S. Treasury Regulations; or (iv) an Active NFFE or Passive NFFE.
1. Subject to subparagraph B(2) of this section, a Reporting Indian Financial Institution may determine that the Account Holder is an Active NFFE, an Indian Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Indian Financial Institution reasonably determines that the Account Holder has such status on the basis of the Account Holder’s Global Intermediary Identification Number or other information that is publicly available or in the possession of the Reporting Indian Financial Institution, as applicable.
2. If the Account Holder is an Indian Financial Institution or other Partner Jurisdiction Financial Institution treated by the IRS as a Nonparticipating Financial Institution, then the account is not a U.S. Reportable Account, but payments to the Account Holder must be reported as contemplated in subparagraph 1(b) of Article 4 of the Agreement.
3. In all other cases, a Reporting Indian Financial Institution must obtain a self-certification from the Account Holder to establish the Account Holder’s status. Based on the self-certification, the following rules apply:
a) If the Account Holder is a Specified U.S. Person, the Reporting Indian Financial Institution must treat the account as a U.S.
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting British Virgin Islands Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person;
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Mexican Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) a Mexican Financial Institution or other Partner Jurisdiction Financial Institution; (iii) a participating FFI, a deemed- compliant FFI, or an exempt beneficial owner, as those terms are defined in relevant U.S. Treasury Regulations; or (iv) an Active NFFE or Passive NFFE.
1. Subject to subparagraph B(2) of this section, a Reporting Mexican Financial Institution may determine that an Account Holder is an Active NFFE, a Mexican Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Mexican Financial Institution reasonably determines that the Account Holder has such status on the basis of the Account Holder’s Global Intermediary Identification Number or other information that is publicly available or in the possession of the Reporting Mexican Financial Institution, as applicable.
2. If the Account Holder is a Mexican Financial Institution or other Partner Jurisdiction Financial Institution treated by the IRS as a Nonparticipating Financial Institution, then the account is not a U.S. Reportable Account, but payments to the Account Holder must be reported as contemplated in subparagraph 1(b) of Article 4 of the Agreement.
3. In all other cases, a Reporting Mexican Financial Institution must obtain a self-certification from the Account Holder to establish the Account Holder’s status. Based on the self-certification, the following rules apply:
a) If the Account Holder is a Specified U.S. Person, the Reporting Mexican Financial Institution must treat the account as a U.S.
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Republic of Azerbaijan Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) a Republic of Azerbaijan Financial Institution or other Partner Jurisdiction Financial Institution; (iii) a participating FFI, a deemed-compliant FFI, or an exempt beneficial owner, as those terms are defined in relevant U.S. Treasury Regulations; or (iv) an Active NFFE or Passive NFFE.
1. Subject to subparagraph B(2) of this section, a Reporting Republic of Azerbaijan Financial Institution may determine that the Account Holder is an Active NFFE, a Republic of Azerbaijan Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Republic of Azerbaijan Financial Institution reasonably determines that the Account Holder has such status on the basis of the Account Holder’s Global Intermediary Identification Number or other information that is publicly available or in the possession of the Reporting Republic of Azerbaijan Financial Institution, as applicable.
2. If the Account Holder is a Republic of Azerbaijan Financial Institution or other Partner Jurisdiction Financial Institution treated by the IRS as a Nonparticipating Financial Institution, then the account is not a U.S. Reportable Account, but payments to the Account Holder must be reported as contemplated in subparagraph 1(b) of Article 4 of the Agreement.
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Romanian Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) a Romanian Financial Institution or other Partner Jurisdiction Financial Institution; (iii) a participating FFI, a deemed-compliant FFI, or an exempt beneficial owner, as those terms are defined in relevant U.S. Treasury Regulations; or (iv) an Active NFFE or Passive NFFE.
1. Subject to subparagraph B(2) of this section, a Reporting Romanian Financial Institution may determine that the Account Holder is an Active NFFE, a Romanian Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Romanian Financial Institution reasonably determines that the Account Holder has such status on the basis of the Account Holder’s Global Intermediary Identification Number or other information that is publicly available or in the possession of the Reporting Romanian Financial Institution, as applicable.
2. If the Account Holder is a Romanian Financial Institution or other Partner Jurisdiction Financial Institution treated by the IRS as a Nonparticipating Financial Institution, then the account is not a U.S. Reportable Account, but payments to the Account Holder must be reported as contemplated in subparagraph 1(b) of Article 4 of the Agreement.
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Montserrat Financial Institution must determine whether the Account Holder is: (i) a Specified United Kingdom Person; (ii) a Non-United Kingdom Resident Entity which is a Financial Institution; (iii), a non-reporting Financial Institution; (v) an exempt beneficial owner; (vi) an Active NFFE or a Passive NFFE.
