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IEIM402680 - Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Residence Address Test You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Residence Address Test CRS The due diligence procedures are for the purpose of identifying whether or not an Account Holder is a Reportable Person [see IEIM403440]. If an Account Holder is identified as a Reportable Person the Financial Institution will then have to collate Reportabl...

IEIM402260 - Reportable Information: Other Accounts You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. Reportable Information: Other Accounts In addition to the general reporting requirements [see IEIM402000], in the case of any account other than a Depository Account [see IEIM402240] or a Custodial Account [see IEIM402200] the information to be reported for each reporting period [see IEIM400520 for FATCA and IEIM400580 for CRS] is the total gross amount of income paid or credited to the Account Holder [see ...

Friday, January 8, 2021 Effective as of January 1, 2021, Congress enacted—over President Trump's veto—the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (the " NDAA").  As with any U.S. defense bill, the NDAA largely addresses various U.S. Department of Defense funding and intelligence matters for the new year.  But the NDAA does far more.  Consistent with a global trend toward transparency over the last decade, the NDAA includes unprecedented provisions under its Corporate Transparency Act (the " Act")—a mere 22 pages amid its volumin...