Preexisting Individual Accounts That Have Been Documented for Certain Other Purposes Sample Clauses

Preexisting Individual Accounts That Have Been Documented for Certain Other Purposes. A Reporting Singaporean Financial Institution that has previously obtained documentation from an Account Holder to establish the Account Holder’s status as neither a U.S. citizen nor a U.S. resident in order to meet its obligations under a qualified intermediary, withholding foreign partnership, or withholding foreign trust agreement with the IRS, or to fulfill its obligations under chapter 61 of Title 26 of the United States Code, is not required to perform the procedures described in subparagraph B(1) of this section with respect to Lower Value Accounts or subparagraphs D(1) through D(3) of this section with respect to High Value Accounts.
Sample 1Sample 2Sample 3See All (92)

Related to Preexisting Individual Accounts That Have Been Documented for Certain Other Purposes

  • Entity Accounts Not Required to Be Reviewed, Identified or Reported Unless the Reporting Anguilla Financial Institution elects otherwise, either with respect to all New Entity Accounts or, separately, with respect to any clearly identified group of such accounts, where the implementing rules in Anguilla provide for such election, a credit card account or a revolving credit facility treated as a New Entity Account is not required to be reviewed, identified, or reported, provided that the Reporting Anguilla Financial Institution maintaining such account implements policies and procedures to prevent an account balance owed to the Account Holder that exceeds $50,000.

  • Acquisition for Own Account The Purchaser is acquiring the Note and Warrant and the Note Shares and the Warrant Shares for the Purchaser's own account for investment only, and not as a nominee or agent and not with a view towards or for resale in connection with their distribution.