Common use of Reportable Account Clause in Contracts

Reportable Account. b) If the Account Holder is a Passive NFFE, the Reporting Bahamas 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 Bahamas Financial Institution must treat the account as a U.S.

Reportable Account. b) If the Account Holder is a Passive NFFE, the Reporting Bahamas Seychelles 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 Bahamas Seychelles Financial Institution must treat the account as a U.S.U.S. Reportable Account.

Reportable Account. b) If the Account Holder is a Passive NFFE, the Reporting Bahamas 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-self- certification from the Account Holder or such person. If any such person is a U.S. citizen or resident, the Reporting Bahamas Financial Institution must treat the account as a U.S.