Examples of Reporting Trinidad and Tobago Financial Institution in a sentence
If a Preexisting Individual Account is a High Value Account as of the Determination Date, the Reporting Trinidad and Tobago Financial Institution must complete the enhanced review procedures described in paragraph D of this section with respect to such account within one year from the Determination Date.
A Reporting Trinidad and Tobago Financial Institution may not rely on a self-certification or documentary evidence if the Reporting Trinidad and Tobago Financial Institution knows or has reason to know that the self-certification or documentary evidence is incorrect or unreliable.
The program ultimately seeks to increase economic opportunities for women and raise female labor market participation.
In addition to the electronic and paper record searches described above, the Reporting Trinidad and Tobago Financial Institution must treat as a U.S. Reportable Account any High Value Account assigned to a relationship manager (including any Financial Accounts aggregated with such High Value Account) if the relationship manager has actual knowledge that the Account Holder is a Specified U.S. Person.
For purposes of determining the aggregate balance or value of Financial Accounts held by a person to determine whether a Financial Account is a High Value Account, a Reporting Trinidad and Tobago Financial Institution is also required, in the case of any Financial Accounts that a relationship manager knows, or has reason to know, are directly or indirectly owned, controlled, or established (other than in a fiduciary capacity) by the same person, to aggregate all such accounts.
If any of the U.S. indicia listed in subparagraph B(1) of this section are discovered in the electronic search, or if there is a change in circumstances that results in one or more U.S. indicia being associated with the account, then the Reporting Trinidad and Tobago Financial Institution must treat the account as a U.S. Reportable Account unless it elects to apply subparagraph B(4) of this section and one of the exceptions in such subparagraph applies with respect to that account.
If there is a change of circumstances with respect to a New Individual Account that causes the Reporting Trinidad and Tobago Financial Institution to know, or have reason to know, that the original self-certification is incorrect or unreliable, the Reporting Trinidad and Tobago Financial Institution cannot rely on the original self-certification and must obtain a valid self-certification that establishes whether the Account Holder is a U.S. citizen or resident for U.S. tax purposes.
In the case of an account identified as a U.S. Reportable Account after December 31, 2014, the Reporting Trinidad and Tobago Financial Institution is not required to report information about such account with respect to 2014, but must report information about the account on an annual basis thereafter.
If the Reporting Trinidad and Tobago Financial Institution is unable to obtain a valid self-certification, the Reporting Trinidad and Tobago Financial Institution must treat the account as a U.S. Reportable Account.
In all other cases, a Reporting Trinidad and Tobago Financial Institution must obtain a self-certification from the Account Holder to establish the Account Holder’s status.