https://www.taxtmi.com/acts?id=53635 Due diligence requirements are prescribed for identifying reportable financial accounts, including the timing from which an account is treated as reportable and the annual reporting cycle. The rule defines documentary evidence, high value account, lower value account, new account, pre-existing account, and related account categories, and sets balance and value thresholds for U.S. reportable accounts and other reportable accounts. It also provides detailed review procedures for pre-existing and new individual and entity accounts, including self-certification, indicia review, enhanced review, aggregation, and treatment of undocumented accounts. en-us Sat, 21 Mar 2026 10:12:55 +0530 Wed, 08 Apr 2026 12:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53635 Due diligence requirements are prescribed for identifying reportable financial accounts, including the timing from which an account is treated as reportable and the annual reporting cycle. The rule defines documentary evidence, high value account, lower value account, new account, pre-existing account, and related account categories, and sets balance and value thresholds for U.S. reportable accounts and other reportable accounts. It also provides detailed review procedures for pre-existing and new individual and entity accounts, including self-certification, indicia review, enhanced review, aggregation, and treatment of undocumented accounts. Act-Rules Income Tax Sat, 21 Mar 2026 10:12:55 +0530 https://www.taxtmi.com/acts?id=53635