Common use of Exception Where Databases Contain Sufficient Information Clause in Contracts

Exception Where Databases Contain Sufficient Information. A Reporting Bahamas Financial Institution is not required to perform the paper record search described in subparagraph D(2) of this section if the Reporting Bahamas Financial Institution’s electronically searchable information includes the following: a) The Account Holder’s nationality or residence status; b) The Account Holder’s residence address and mailing address currently on file with the Reporting Bahamas Financial Institution; c) The Account Holder’s telephone number(s) currently on file, if any, with the Reporting Bahamas Financial Institution; d) Whether there are standing instructions to transfer funds in the account to another account (including an account at another branch of the Reporting Bahamas Financial Institution or another Financial Institution); e) Whether there is a current “in-care-of” address or “hold mail” address for the Account Holder; and f) Whether there is any power of attorney or signatory authority for the account.

Exception Where Databases Contain Sufficient Information. A Reporting Bahamas Dominican Financial Institution is not required to perform the paper record search described in subparagraph D(2) of this section if the Reporting Bahamas Dominican Financial Institution’s electronically searchable information includes the following: a) The Account Holder’s nationality or residence status; b) The Account Holder’s residence address and mailing address currently on file with the Reporting Bahamas Dominican Financial Institution; c) The Account Holder’s telephone number(s) currently on file, if any, with the Reporting Bahamas Dominican Financial Institution; d) Whether there are standing instructions to transfer funds in the account to another account (including an account at another branch of the Reporting Bahamas Dominican Financial Institution or another Financial Institution); e) Whether there is a current “in-care-of” address or “hold mail” address for the Account Holder; and f) Whether there is any power of attorney or signatory authority for the account.