103100 – Due Diligence: Pre-Existing Individual Accounts: High Value Accounts: Undocumented Account

An undocumented account exists where the conditions (at AEIM103040) exist, that is, the only indicators that the financial institution hold are a hold mail or in-care-of address and the financial institution has been unable to obtain a self-certification from the Account Holder to cure the information held.

Where the financial institution has identified and reported an account as an undocumented account, the financial institution must repeat the enhanced review for high-value individual accounts annually until the account ceases to be undocumented.