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Common Reference Data Management for TIPS User Detailed Functional Specifications V0.2.0Author4CBVersion0.2.0Date12/03/2018All rights reserved. Common Reference Data Management User Detailed Functional
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Tips UDFS - European stands for Tips on Unidentified Deposits and Financial Instruments - European.
Financial institutions within the European Union are required to file Tips UDFS - European.
Tips UDFS - European can be filled out electronically through the designated reporting system provided by the relevant regulatory authority.
The purpose of Tips UDFS - European is to report and track unidentified deposits and financial instruments to prevent money laundering and terrorist financing.
Information such as the amount deposited, the type of financial instrument, and the identity of the depositor must be reported on Tips UDFS - European.
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