668 Acta Apostolicae Sedis - Commentarium Officiale

1. Electronic Record Search. The Reporting HS/VCS Financial Institution must review electronically searchable data maintained by the Reporting HS/VCS Financial Institution for any of the U.S. indicia described in subparagraph B(1) of this section.

2. Paper Record Search. If the Reporting HS/VCS Financial Institution's electronically searchable databases include fields for, and capture all of the information described in, subparagraph D(3) of this section, then no further paper record search is required. If the electronic databases do not capture all of this information, then with respect to a High Value Account, the Reporting HS/VCS Financial Institution must also review the current customer master file and, to the extent not contained in the current customer master file, the following documents associated with the account and obtained by the Reporting HS/VCS Financial Institu- tion within the last five years for any of the U.S. indicia described in subparagraph B(1) of this section:

a) The most recent documentary evidence collected with respect to the account;

b) The most recent account opening contract or documentation;

c) The most recent documentation obtained by the Reporting HS/VCS Financial Institution pursuant to AML/KYC Procedures or for other regulatory purposes;

d) Any power of attorney or signature authority forms currently in ef- fect; and

e) Any standing instructions to transfer funds currently in effect.

3. Exception Where Databases Contain Sufficient Information. A Report- ing HS/VCS Financial Institution is not required to perform the paper record search described in subparagraph D(2) of this section if the Re- porting HS/VCS Financial Institution's electronically searchable infor- mation includes the following:

a) The Account Holder's nationality or residence status;

b) The Account Holder's residence address and mailing address current- ly on file with the Reporting HS/VCS Financial Institution;

c) The Account Holder's telephone number(s) currently on file, if any, with the Reporting HS/VCS Financial Institution;

d) Whether there are standing instructions to transfer funds in the ac- count to another account (including an account at another branch