08.03 – Identification of an entity as a Financial Institution

A Financial Institution may rely on publicly available information, a GIIN or information within the Financial Institution’s possession to identify whether an account holder is an Active NFFE, Participating FFI or a UK or Partner Jurisdiction Financial Institution. Where the Financial Institution relies on the GIIN for any purpose, it must verify the GIIN against the published IRS FFI list. In all other instances, the Financial Institution must obtain a self certification from the account holder to establish the account holder’s status.