Examples of Reporting British Virgin Islands Financial Institution in a sentence
A Reporting British Virgin Islands Financial Institution may not rely on a self-certification or documentary evidence if the Reporting British Virgin Islands Financial Institution knows or has reason to know that the self-certification or documentary evidence is incorrect or unreliable.
For purposes of determining the aggregate balance or value of Financial Accounts held by a person to determine whether a Financial Account is a High Value Account, a Reporting British Virgin Islands Financial Institution is also required, in the case of any Financial Accounts that a relationship manager knows, or has reason to know, are directly or indirectly owned, controlled, or established (other than in a fiduciary capacity) by the same person, to aggregate all such accounts.
The Reporting British Virgin Islands Financial Institution must review electronically searchable data maintained by them for any of the United Kingdom indicia identified in subparagraph B.1. of this section.
The Company and its subsidiaries expect to recognize additional compensation under the Stabilization Act before the end of the calendar year totaling approximately $185 million, and expect to receive the majority of the additional compensation (totaling approximately $215 million in cash) by the end of the calendar year.
In addition to the electronic and paper record searches described above, the Reporting British Virgin Islands Financial Institution must treat as a U.S. Reportable Account any High Value Account assigned to a relationship manager (including any Financial Accounts aggregated with such High Value Account) if the relationship manager has actual knowledge that the Account Holder is a Specified U.S. Person.
For purposes of determining the aggregate balance or value of accounts held by a person to determine whether an account is a High Value Account, a Reporting British Virgin Islands Financial Institution shall also be required, in the case of any accounts that a relationship manager knows or has reason to know are directly or indirectly owned, controlled, or established (other than in a fiduciary capacity) by the same person, to aggregate all such accounts.
On May 8, 2008, Deputy Under Secretary of Defense James Fin- ley responded and detailed the procedures that the Defense Depart- ment used to verify the small business and socioeconomic status of businesses, as well as the contracts that AEY had received.
Subject to any further terms set forth in a competent authority agreement concluded pursuant to paragraph 6 of Article 3 of this Agreement, the U.S. Competent Authority may make an inquiry directly to a Reporting British Virgin Islands Financial Institution where it has reason to believe that administrative errors or other minor errors may have led to incorrect or incomplete information reporting or resulted in other infringements of this Agreement.
Competent Authority shall notify the British Virgin Islands Competent Authority when the U.S. Competent Authority has determined that there is significant non-compliance with the obligations under this Agreement with respect to a Reporting British Virgin Islands Financial Institution.
In the case of an account identified as a Reportable Account after 31 December 2014 and on or before 30 June 2015, the Reporting British Virgin Islands Financial Institution is not required to report information about such account with respect to 2014, but must report information about the account on an annual basis thereafter.