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Lesson 9: Self-Certifications Overview Entity

In this lesson, ComplyPro focuses on self-certifications for entities. An example of an entity self-certification form from the OECD is presented, which financial institutions use to collect information about entity account holders’ tax residency for compliance with the Common Reporting Standard (CRS). The form remains valid unless there are changes in circumstances that render it incorrect or incomplete. In the case of Passive NFEs or Investment Entities in Non-Participating Jurisdictions managed by another financial institution, additional information is required regarding the natural person(s) exercising control over the account holder (Controlling Persons). A separate Controlling Person self-certification form is necessary. It is recommended to confirm foreign TIN or FTIN information on the OECD website for expected formatting.