05.03 – Self Certification

Self certification is required by a Financial Institution in relation to individual account holders as follows:

  • To establish whether a holder of a New Individual Account is a CD or Gibraltar resident for tax purposes,
  • To obtain a CD or Gibraltar National Insurance Number or Social Security Number from a New Individual Account holder who is a CD or Gibraltar resident for tax purposes, or
  • to show that an individual is not in fact a CD or Gibraltar resident for tax purposes, even if indicia are found.

Self certification is required by a Financial Institution in relation to entity account holders as follows:

  • To establish the status of an entity where a Financial Institution cannot reasonably determine that the account holder is not a Specified CD or Gibraltar Person based on information in its possession or that is publicly available.
  • To establish the status of an entity where a Financial Institution cannot reasonably determine that the account holder is an Active NFFE based on information in its possession, or that is publicly available.
  • To establish the status of a Controlling Person of a Passive NFFE and whether or not they are a CD or Gibraltar resident for tax purposes.

A self certification can be in any format, but the wording must be sufficient for an account holder to confirm the country or countries where they are tax resident.