Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla 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 Anguilla Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla 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 Anguilla Financial Institution, as applicable. 2. If the Account Holder is an Anguilla 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 Anguilla 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 Anguilla Financial Institution must treat the account as a
Appears in 2 contracts
Sources: International Tax Compliance Agreement, Tax Agreement
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Serbian Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Serbian 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 Anguilla Serbian Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Serbian Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Serbian 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 Anguilla Serbian Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Serbian 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 Anguilla Serbian 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 Anguilla Serbian Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Serbian 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 Serbian 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 Serbian 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a Serbian 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.
Appears in 2 contracts
Sources: International Tax Compliance Agreement, International Tax Compliance Agreement
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Honduran Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Honduran 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 Anguilla Honduran Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Honduran Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Honduran 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 Anguilla Honduran Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Honduran 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 Anguilla Honduran 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 Anguilla Honduran Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Honduran 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 Honduran 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 Honduran 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;
Appears in 2 contracts
Sources: Agreement Between the Government of the United States of America and the Government of the Republic of Honduras to Improve International Tax Compliance and to Implement Fatca, International Tax Compliance Agreement
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Costa Rican Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Costa Rican 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 Anguilla Costa Rican Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Costa Rican Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Costa Rican 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 Anguilla Costa Rican Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Costa Rican 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 Anguilla Costa Rican 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 Anguilla Costa Rican Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Costa Rican 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 Costa Rican 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 Costa Rican 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; (iv) an Active NFFE; or
Appears in 2 contracts
Sources: International Tax Compliance Agreement, International Tax Compliance Agreement
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla United Arab Emirates Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla 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 Anguilla United Arab Emirates Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a United Arab Emirates Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla 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 Anguilla United Arab Emirates Financial Institution, as applicable.
2. If the Account Holder is an Anguilla 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 Anguilla 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 Anguilla United Arab Emirates Financial Institution must treat the account as aa 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 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including 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.
Appears in 2 contracts
Sources: International Tax Compliance Agreement, International Tax Compliance Agreement
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Slovenian Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Slovenian 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 Anguilla Slovenian Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Slovenian Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Slovenian 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 Anguilla Slovenian Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Slovenian 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 Anguilla Slovenian 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 Anguilla Slovenian Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Slovenian 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 Slovenian 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 Slovenian 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a Slovenian 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.
Appears in 2 contracts
Sources: International Tax Compliance Agreement, International Tax Compliance Agreement
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Slovak Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Slovak 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 Anguilla Slovak Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Slovak Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Slovak 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 Anguilla Slovak Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Slovak 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 Anguilla Slovak 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 Anguilla Slovak Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Slovak 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 Slovak 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 Slovak 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a Slovak 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.
Appears in 2 contracts
Sources: Agreement to Improve International Tax Compliance, International Tax Compliance Agreement
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Chilean Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Chilean 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 Anguilla Chilean Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Chilean Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Chilean 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 Anguilla Chilean Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Chilean 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) consistent with the requirements of Article 4 of the an FFI Agreement.
3. In all other cases, a Reporting Anguilla Chilean 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 Anguilla Chilean Financial Institution must treat the account as aa U.S. Account.
b) If the Account Holder is a Passive NFFE, the Reporting Chilean 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 Chilean Financial Institution must treat the account as a U.S. 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 Chilean Financial Institution or other Partner Jurisdiction Financial Institution;
Appears in 1 contract
Sources: Agreement for Cooperation to Facilitate the Implementation of Fatca
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Algerian Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla Algerian 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 Anguilla Algerian Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla Algerian Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Algerian 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 Anguilla Algerian Financial Institution, as applicable.
2. If the Account Holder is an Anguilla Algerian 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 Anguilla Algerian 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 Anguilla Algerian Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Algerian 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 Algerian 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, an Algerian 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including an Algerian 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.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla HS/VCS Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a HS/VCS 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 Anguilla HS/VCS Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a HS/VCS Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla HS/VCS 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 Anguilla HS/VCS Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a HS/VCS 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 Anguilla HS/VCS 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 Anguilla HS/VCS Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting HS/VCS 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 HS/VCS 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 HS/VCS Financial Institution or other Partner Jurisdiction Financial Institution;
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Gibraltar Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Gibraltar 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 Anguilla Gibraltar Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Gibraltar Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Gibraltar 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 Anguilla Gibraltar Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Gibraltar 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 Anguilla Gibraltar 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 Anguilla Gibraltar Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Gibraltar 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 Gibraltar 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 Gibraltar 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a Gibraltar 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.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Colombian Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Colombian 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 Anguilla Colombian Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Colombian Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Colombian 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 Anguilla Colombian Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Colombian 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 Anguilla Colombian 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 Anguilla Colombian Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Colombian 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 Colombian 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 Colombian 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a Colombian 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.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Commonwealth of Dominica Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Commonwealth of Dominica 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 Anguilla Commonwealth of Dominica Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Commonwealth of Dominica Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Commonwealth of Dominica 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 Anguilla Commonwealth of Dominica Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Commonwealth of Dominica 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 Anguilla Commonwealth of Dominica 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 Anguilla Commonwealth of Dominica Financial Institution must treat the account as aa U.S.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Belarusian Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Belarusian 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 Anguilla Belarusian Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Belarusian Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Belarusian 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 Anguilla Belarusian Financial Institution, as applicable.
2. If I f the Account Holder is an Anguilla 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.
3. In all other cases, a Reporting Anguilla Belarusian 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 Anguilla Belarusian Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Belarusian 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 Belarusian 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 Belarusian 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including 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.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla San Marino Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a San Marino 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 Anguilla San Marino Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a San Marino Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla San Marino 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 Anguilla San Marino Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a San Marino 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) consistent with the requirements of Article 4 of the an FFI Agreement.
3. In all other cases, a Reporting Anguilla San Marino 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 Anguilla San Marino Financial Institution must treat the account as aa U.S. Account.
b) If the Account Holder is a Passive NFFE, the Reporting San Marino 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 San Marino Financial Institution must treat the account as a U.S. 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 San Marino 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a San Marino 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. Account, but payments to the Account Holder must be reported consistent with the requirements of an FFI Agreement.
Appears in 1 contract
Sources: Cooperation Agreement
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Belgian Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Belgian 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 Anguilla Belgian Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Belgian Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Belgian 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 Anguilla Belgian Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Belgian 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 Anguilla Belgian Financial Institution must obtain a self-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 Anguilla Belgian Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Belgian 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 Belgian 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 Belgian Financial Institution or other Partner Jurisdiction Financial Institution;
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Belgian Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Belgian 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 Anguilla Belgian Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Belgian Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Belgian 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 Anguilla Belgian Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Belgian 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 Anguilla Belgian 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 Anguilla Belgian Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Belgian 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 Belgian 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 Belgian 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;
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Jersey Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Jersey 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 Anguilla Jersey Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Jersey Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Jersey 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 Anguilla Jersey Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Jersey 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 Anguilla Jersey 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 Anguilla Jersey Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Jersey 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 Jersey 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 Jersey 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;
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla HKSAR Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a HKSAR 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 Anguilla HKSAR Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a HKSAR Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla HKSAR 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 Anguilla HKSAR Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a HKSAR 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) consistent with the requirements of Article 4 of the an FFI Agreement.
3. In all other cases, a Reporting Anguilla HKSAR 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 Anguilla HKSAR Financial Institution must treat the account as aa U.S. Account.
b) If the Account Holder is a Passive NFFE, the Reporting HKSAR 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 HKSAR Financial Institution must treat the account as a U.S. 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 HKSAR 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a HKSAR 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. Account, but payments to the Account Holder must be reported consistent with the requirements of an FFI Agreement.
Appears in 1 contract
Sources: Cooperation Agreement
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Seychelles Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Seychelles 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 Anguilla Seychelles Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Seychelles Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Seychelles 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 Anguilla Seychelles Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Seychelles 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 Anguilla Seychelles 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 Anguilla Seychelles Financial Institution must treat the account as aa U.S.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Polish Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Polish 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 Anguilla Polish Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Polish Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Polish 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 Anguilla Polish Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Polish 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 Anguilla Polish 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 Anguilla Polish Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Polish 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 Polish 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 Polish 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a Polish 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.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Austrian Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla Austrian 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 Anguilla Austrian Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla Austrian Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Austrian 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 Anguilla Austrian Financial Institution, as applicable.
2. If the Account Holder is an Anguilla Austrian 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) consistent with the requirements of Article 4 of the an FFI Agreement.
3. In all other cases, a Reporting Anguilla Austrian 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 Anguilla Austrian Financial Institution must treat the account as aa U.S. Account.
b) If the Account Holder is a Passive NFFE, the Reporting Austrian 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 Austrian Financial Institution must treat the account as a U.S. 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, an Austrian 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including an Austrian 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. Account, but payments to the Account Holder must be reported consistent with the requirements of an FFI Agreement.
Appears in 1 contract
Sources: Agreement for Cooperation to Facilitate the Implementation of Fatca
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Manx Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Manx 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 Anguilla Manx Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Manx Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Manx 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 Anguilla Manx Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Manx 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 Anguilla Manx 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 Anguilla Manx Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Manx 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 Manx 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 Manx 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;
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Jamaican Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Jamaican 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 Anguilla Jamaican Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Jamaican Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Jamaican 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 Anguilla Jamaican Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Jamaican 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 Anguilla Jamaican 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 Anguilla Jamaican Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Jamaican 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 Jamaican 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 Jamaican 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a Jamaican 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.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Barbados Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Barbados 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 Anguilla Barbados Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Barbados Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Barbados 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 Anguilla Barbados Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Barbados 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 Anguilla Barbados 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 Anguilla Barbados Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Barbados 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 Barbados 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 Barbados 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a Barbados 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.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla South African Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a South African 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 Anguilla South African Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a South African Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla South African 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 Anguilla South African Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a South African 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 Anguilla South African 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 Anguilla South African Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting South African 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 South African 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 South African 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a South African 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.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Qatari Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Qatari 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 Anguilla Qatari Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Qatari Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Qatari 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 Anguilla Qatari Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Qatari 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 Anguilla Qatari 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 Anguilla Qatari Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Qatari 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 Qatari 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 Qatari 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a Qatari 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.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla TECRO Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. AIT Person; (ii) an Anguilla a TECRO 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 Anguilla TECRO Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a TECRO Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla TECRO 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 Anguilla TECRO Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a TECRO 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 an AIT Account, but payments to the Account Holder must be reported as contemplated in subparagraph 1(b) consistent with the requirements of Article 4 of the an FFI Agreement.
3. In all other cases, a Reporting Anguilla TECRO 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. AIT Person, the Reporting Anguilla TECRO Financial Institution must treat the account as aan AIT Account.
b) If the Account Holder is a Passive NFFE, the Reporting TECRO Financial Institution must identify the Controlling Persons as determined under AML/KYC Procedures, and must determine whether any such person is a citizen or resident of the territory of the authorities represented by AIT on the basis of a self-certification from the Account Holder or such person. If any such person is a citizen or resident of the territory of the authorities represented by AIT, the Reporting TECRO Financial Institution must treat the account as an AIT Account.
c) If the Account Holder is: (i) an AIT Person that is not a Specified AIT Person; (ii) subject to subparagraph B(3)(d) of this section, a TECRO 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 Treasury Regulations; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a citizen or resident of the territory of the authorities represented by AIT, then the account is not an AIT Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a TECRO Financial Institution or other Partner Jurisdiction Financial Institution treated by the IRS as a Nonparticipating Financial Institution), then the account is not an AIT Account, but payments to the Account Holder must be reported consistent with the requirements of an FFI Agreement.
Appears in 1 contract
Sources: Cooperation Agreement
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Tunisian Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Tunisian 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 Anguilla Tunisian Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Tunisian Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Tunisian 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 Anguilla Tunisian Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Tunisian 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 Anguilla Tunisian 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 Anguilla Tunisian Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Tunisian 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 Tunisian 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 Tunisian 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a Tunisian 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.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Liechtenstein Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Liechtenstein 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 Anguilla Liechtenstein Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Liechtenstein Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Liechtenstein 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 Anguilla Liechtenstein Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Liechtenstein 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 Anguilla Liechtenstein 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 Anguilla Liechtenstein Financial Institution must treat the account as aa U.S.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Kingdom of Saudi Arabia Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Kingdom of Saudi Arabia 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 Anguilla Kingdom of Saudi Arabia Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Kingdom of Saudi Arabia Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Kingdom of Saudi Arabia 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 Anguilla Kingdom of Saudi Arabia Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Kingdom of Saudi Arabia 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 Anguilla Kingdom of Saudi Arabia 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 Anguilla Kingdom of Saudi Arabia Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Kingdom of Saudi Arabia 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 Kingdom of Saudi Arabia 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 Kingdom of Saudi Arabia 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a Kingdom of Saudi Arabia 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.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla British Virgin Islands Financial Institution must determine whether the Account Holder is: :
(i) a Specified U.S. Person; (ii) an Anguilla a British Virgin Islands 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 Anguilla British Virgin Islands Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a British Virgin Islands Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla British Virgin Islands 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 Anguilla British Virgin Islands Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a British Virgin Islands 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 Anguilla British Virgin Islands 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 Anguilla British Virgin Islands Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting British Virgin Islands 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 British Virgin Islands 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 British Virgin Islands 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a British Virgin Islands 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.
Appears in 1 contract
Sources: Agreement to Improve Tax Compliance and Implement Fatca
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Belgian Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Belgian 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 Anguilla Belgian Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Belgian Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Belgian 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 Anguilla Belgian Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Belgian 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 Anguilla Belgian 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 Anguilla Belgian Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Belgian 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 Belgian 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 Belgian 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; (iv) an Active NFFE; or (v) a Passive NFFE none of the Controlling Persons of which is a U.S. citizen or resident, then the account is not a U.S. Reportable Account, and no reporting is required with respect to the account.
d) If the Account Holder is a Nonparticipating Financial Institution (including a Belgian 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.
Appears in 1 contract
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Bermuda Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Bermuda 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 Anguilla Bermuda Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Bermuda Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Bermuda 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 Anguilla Bermuda Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Bermuda 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) consistent with the requirements of Article 4 of the an FFI Agreement.
3▇. In ▇▇ all other cases, a Reporting Anguilla Bermuda Financial Institution must obtain a self-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 Anguilla Bermuda Financial Institution must treat the account as aa U.S. Account.
b) If the Account Holder is a Passive NFFE, the Reporting Bermuda 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 Bermuda Financial Institution must treat the account as a U.S. 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 Bermuda Financial Institution or other Partner Jurisdiction Financial Institution;
Appears in 1 contract
Sources: Cooperation Agreement
Other New Entity Accounts. With respect to New Entity Accounts not described de- scribed in paragraph A of this section, the Reporting Anguilla Mauritius Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Mauritius 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 Anguilla Financial Mauritius ▇▇▇▇▇- cial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Maur- itius Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Mauritius 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 pos- session of the Reporting Anguilla Mauritius Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Mauritius Financial Institution or other Partner Jurisdiction Financial Institution treated by the IRS as a Nonparticipating Financial ▇▇▇▇▇- cial 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 Anguilla Mauritius 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 Anguilla Mauritius Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Mauritius Financial Institution must identify the Controlling Persons as determined under AML/KYC Procedures, and must determine whether any such per- son 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 Mauritius Financial Institution must treat the ac- count 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 Mauriti- us Financial Institution or other Partner Jurisdiction Financial Institution;
Appears in 1 contract
Sources: Agreement for the Exchange of Information Relating to Taxes
Other New Entity Accounts. With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Anguilla Curaçao Financial Institution must determine whether the Account Holder is: (i) a Specified U.S. Person; (ii) an Anguilla a Curaçao 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 Anguilla Curaçao Financial Institution may determine that the Account Holder is an Active NFFE, an Anguilla a Curaçao Financial Institution, or other Partner Jurisdiction Financial Institution if the Reporting Anguilla Curaçao 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 Anguilla Curaçao Financial Institution, as applicable.
2. If the Account Holder is an Anguilla a Curaçao 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 Anguilla Curaçao 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 Anguilla Curaçao Financial Institution must treat the account as aa U.S. Reportable Account.
b) If the Account Holder is a Passive NFFE, the Reporting Curaçao 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 Curaçao 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 Curaçao 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; (iv) an Active NFFE; or
Appears in 1 contract