Upon a New Individual Account opening, a Reporting Financial Institution shall obtain and keep a self-certification of the Account Holder which allows the Reporting Financial Institution to determine such individual’s resident countries or jurisdictions, and confirm the reasonableness of such self-certification based on other information obtained in connection with such account.
The “other information” mentioned in the preceding paragraph includes documentation collected pursuant to AML/KYC Procedures.
If the self-certification described in the first paragraph establishes that the Account Holder is a resident in a Reportable Jurisdiction, such account shall be treated as a Reportable Account, and such self-certification shall specify the Account Holder’s TIN with respect to such Reportable Jurisdiction and date of birth. Notwithstanding, if any of the circumstances described in subparagraph 3 of paragraph 2 of Article 50 occurs in such Reportable Jurisdiction, the TIN is not required to be specified.
If there is a change of circumstances with respect to an account that causes a Reporting Financial Institution to know, or have reason to know, that a self-certification is incorrect or unreliable, the Reporting Financial Institution shall otherwise obtain a valid self-certification to identify the residences of the Account Holder.