We are providing support to banks which are classified as FFI in relation to the obligated due diligence procedures to be performed on their clients. Such more specific in relation to however not limited to the following matters.

• Residence address test
• Chapter IV classification of entities
• Counterproof by bank accountholder
• Not completed self-certification forms by bank account holder
• Shared bank accounts
• Conversion rates
• Double residency of bank account holders
• UBO’s out of one family
• Bank accounts used for security
• Deceased accountholders
• Controlling Persons Substantial US Owners and US Persons
• Term of validity of W-8 forms
• Multiple bank accounts with the same number
• Thresholds and determining of amounts to be reported (balance as per year end versus income during financial year)
• Exempted FFIs