Electronic Record Search. The Reporting Financial Institution must review electronically searchable data maintained by them for any of the following indicia: a) Identification of the Account Holder as tax resident in the other Party; b) Current mailing or residence address (including a post office box, “in- care-of” or “hold mail” address) in the other Party; c) Currently effective power of attorney or signatory authority granted to a person with an address in the other Party; and d) For accounts that are not Depository Accounts the Reporting Financial Institution must also review electronically searchable data maintained by them for standing instructions to transfer funds to an account maintained in the other Party.
Appears in 10 contracts
Sources: Agreement to Improve International Tax Compliance, Agreement to Improve International Tax Compliance, International Tax Compliance Agreement