Determine Whether a Financial Institution Sample Clauses
Determine Whether a Financial Institution. Is a Nonparticipating Fin- ancial Institution Payments to Which Are Subject to Aggregate Reporting Under Subparagraph 1(b) of Article 4 of the Agreement.
a) Subject to subparagraph D(3)(b) of this section, a Reporting Maur- itius Financial Institution may determine that the Account Holder is a Mauritius Financial Institution or other Partner Jurisdiction Financial Insti- tution if the Reporting Mauritius Financial Institution reasonably determ- ▇▇▇▇ that the Account Holder has such status on the basis of the Account Holder’s Global Intermediary Identification Number on the published IRS FFI list or other information that is publicly available or in the possession of the Reporting Mauritius Financial Institution, as applicable. In such case, no further review, identification, or reporting is required with respect to the account.
b) If the Account Holder is a Mauritius Financial Institution or other Partner Jurisdiction Financial Institution treated by the IRS as a Nonparti- cipating Financial Institution, then the account is not a U.S. Reportable Account, but payments to the Account Holder must be reported as con- templated in subparagraph 1(b) of Article 4 of the Agreement.
c) If the Account Holder is not a Mauritius Financial Institution or oth- er Partner Jurisdiction Financial Institution, then the Reporting Mauritius Financial Institution must treat the Account Holder as a Nonparticipating Financial Institution payments to which are reportable under subpara- graph 1(b) of Article 4 of the Agreement, unless the Reporting Mauritius Financial Institution:
(1) Obtains a self-certification (which may be on an IRS Form W-8 or similar agreed form) from the Account Holder that it is a certified deemed-compliant FFI, or an exempt beneficial owner, as those terms are defined in relevant U.S. Treasury Regulations; or
(2) In the case of a participating FFI or registered deemed- compliant FFI, verifies the Account Holder’s Global Intermediary Identification Number on the published IRS FFI list.
Determine Whether a Financial Institution. Is a Nonparticipating Financial Institution Payments to Which Are Subject to Aggregate Reporting Under Subparagraph 1(b) of Article 4 of the Agreement.
a) Subject to subparagraph D(3)(b) of this section, a Reporting Belarusian Financial Institution may determine that the Account Holder is a Belarusian Financial Institution or other Partner Jurisdiction Financial Institution if the Reporting Belarusian Financial Institution reasonably determines that the Account Holder has such status on the basis of the Account Holder’s Global Intermediary Identification Number on the published IRS FFI list or other information that is publicly available or in the possession of the Reporting Belarusian Financial Institution, as applicable. In such case, no further review, identification, or reporting is required with respect to the account.
b) If the Account Holder is a Belarusian 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.
c) If the Account Holder is not a Belarusian Financial Institution or other Partner Jurisdiction Financial Institution, then the Reporting Belarusian Financial Institution must treat the Account Holder as a Nonparticipating Financial Institution payments to which are reportable under subparagraph 1(b) of Article 4 of the Agreement, unless the Reporting Belarusian Financial Institution: