Determine Whether a Non-U.S. Entity Is a Financial Institution Clause Samples
This clause establishes the criteria for determining if a non-U.S. entity qualifies as a financial institution under relevant regulations or agreements. It typically involves assessing the entity’s activities, such as accepting deposits, holding financial assets for others, or engaging in investment or trading activities, and may reference specific legal definitions or regulatory standards. By clearly defining which entities are considered financial institutions, the clause ensures compliance with legal obligations, such as tax reporting or due diligence requirements, and helps parties allocate responsibilities appropriately.
POPULAR SAMPLE Copied 1 times
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 Singaporean Financial Institution verifies the Account Holder’s Global Intermediary Identification Number on the published IRS FFI list, then the account is not a U.S. Reportable Account.
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 AML/KYC Procedures) to determine whether the information indicates that the entity account holder is a Financial Institution.
b) If the information indicates that the entity account holder is a Financial Institution, then the account is not a U.S. Reportable Account.
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 Polish Financial Institution verifies the Account Holder’s Global Intermediary Identification Number on the published IRS FFI list, then the account is not a U.S. Reportable Account.
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 Bahrain Financial Institution verifies the Account Holder’s Global Intermediary Identification Number on the published IRS FFI list, then the account is not a U.S. Reportable Account.
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 Trinidad and Tobago Financial Institution verifies the Account Holder’s Global Intermediary Identification Number on the published IRS FFI list, then the account is not a U.S. Reportable Account.
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 Chilean Financial Institution verifies the Account Holder’s Global Intermediary Identification Number on the published IRS FFI list, then the account is not a U.S. Account.
Determine Whether a Non-U.S. Entity Is a Financial Institution a) Review information maintained for regulatory or customer rela- tionship 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 ▇▇▇▇▇- cial Institution, or the Reporting Republic of Moldova Financial Institu- tion verifies the Account Holder’s Global Intermediary Identification Number on the published IRS FFI list, then the account is not a U.S. Account.
Determine Whether a Non-U.S. Entity Is a Financial Institution a) Review information maintained for regulatory or customer relation- ship purposes (including information collected pursuant to AML/KYC Pro- cedures) 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 Mauritius Financial Institution verifies the Ac- count ▇▇▇▇▇▇’s Global Intermediary Identification Number on the pub- lished IRS FFI list, then the account is not a U.S.