103380 – Due Diligence: Entity Accounts: Pre-Existing Accounts: Review Procedure for Account Holders: Self-Certification as a NFE

The financial institution may request the Account Holder entity to include its status in the self-certification as either a financial institution or an NFE. When requesting this information from an Account Holder, the financial institution is expected to provide the Account Holder with sufficient information to enable it to determine its status.

If the Account Holder entity falls within the definition of an NFE, then the information to be reported will depend on whether the entity is an active NFE or a passive NFE.