For examining a Financial Institution’s implementation of the due diliegence and reporting requirements described in these Regulations, the tax authorities may request the Financial Institution to provide relevant records, documentation, or other data; conduct on-site examinations; or request the presence of an examinee at the designated office for inquiry, to which the examinee shall raise no objection.
The examination in the preceding paragraph shall not exceed the necessary scope of the due diligence and reporting procedures which a Financial Institution shall implement as stipulated in these Regulations.
Where the examinee considers the manner of the examination conducted by the inspector improper, the examinee may request the authorities in which the inspector serves or the supervisory authorities to handle the case in an appropriate manner.
The competent tax authorities shall issue a receipt for receiving relevant records, documentation or other data provided by the examinee, and shall return the same to the provider thereof within two months from the date on which all such documents are provided, unless there is a suspicion of violation. Under special circumstances, the period of retention of such documents may be extended for another two months with the approval of the head of the competent tax authorities, but the extension shall be limited to one time.

Where a Financial Institution violates the preceding article, and avoids, hinders, or refuses the examination or inquiry conducted by the tax authorities; fails to submit relevant information and documents required; or does not fulfill the due diligence and reporting obligations in accordance with these Regulations, the case shall be handled according to the provisions of Article 46-1 of the TCA.