Income Tax Act — I-3.3 273
 to in clause (i)(B) is not successful, then the reporting financial institution must report the account as an undocumented account; and (f) notwithstanding the discovery of indicia under paragraph (b), a reporting financial institution is not required to treat an account holder as a resident of a reportable jurisdiction if (i) both (A) the account holder information contains (I) a current mailing or residence address in the reportable jurisdiction, (II) one or more telephone numbers in the reportable jurisdiction (and no telephone number in the jurisdiction of the reporting financial institution), or (III) standing instructions (with respect to financial accounts other than depository accounts) to transfer funds to an account maintained in a reportable jurisdiction, and (B) the reporting financial institution obtains, or has previously reviewed and currently maintains a record of, (I) a self-certification from the account holder of the jurisdictions of residence of the account holder that does not include the reportable jurisdiction, and (II) documentary evidence establishing the account holder’s non-reportable status in relation to that jurisdiction, or (ii) both (A) the account holder information contains a currently effective power of attorney or signatory authority granted to a person with an address in the reportable jurisdiction, and (B) the reporting financial institution obtains, or has previously reviewed and currently maintains a record of, (I) a self-certification from the account holder of the jurisdictions of residence of the account holder that does not include the reportable jurisdiction, or (II) documentary evidence establishing the account holder’s non-reportable status in relation to that jurisdiction. Enhanced review procedure – high value accounts (3) The following enhanced review procedures apply with respect to high value accounts that are preexisting individual accounts: (a) the reporting financial institution must review electronically searchable data maintained by the reporting financial institution for any of the indicia described in paragraph (2)(b); (b) subject to paragraph (c), the reporting financial institution must review for any of the indicia described in paragraph (2)(b) (i) the current customer master file, and (ii) the following documents associated with the account, and obtained by the reporting financial institution within the last five years, to the extent that they are not contained in the current customer master file: (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 financial institution in accordance with AML/KYC procedures or for other regulatory purposes, (D) any power of attorney or signature authority forms currently in effect, and (E) any standing instructions (other than with respect to a depository account) to transfer funds currently in effect; (c) a reporting financial institution is not required to perform the paper record search described in paragraph (b) to the extent that the reporting financial institution’s electronically searchable information includes the following: (i) the account holder’s residence status, (ii) the account holder’s residence address and mailing address currently on file with the reporting financial institution, (iii) the account holder’s telephone number currently on file, if any, with the reporting financial institution, (iv) in the case of financial accounts other than depository accounts, whether there are standing instructions to transfer funds in the account to another account (including an account at another branch of the reporting financial institution or at another financial institution), (v) whether there is a hold mail instruction or current in-care-of address for the account holder, and (vi) whether there is any power of attorney or signatory authority for the account; (d) in addition t