Accessing the Zero Hash System Sample Clauses

Accessing the Zero Hash System. 1. Participant accepts responsibility for any actions taken by any Person accessing the Zero Hash System with a Zero Hash User ID assigned to any of Participant's Authorized Traders. 2. Participant shall take all reasonable care to safeguard its Zero Hash User IDs and will not authorize or permit any other party to access the Zero Hash System using the Zero Hash User ID, other than the Person to which the Zero Hash User ID was issued. Participant further acknowledges that it is responsible for maintaining adequate security and control of all account passwords in relation to Participant’s use of the Zero Hash services. 3. Participant acknowledges that every Person using a Zero Hash User ID will be deemed by Zero Hash to be the Person to whom the Zero Hash User ID was issued. 4. Participant will notify Zero Hash immediately of any changes in the authorized level of access for any Participant Administrator. 5. Participant acknowledges that Zero Hash may rely upon, and will be fully released and discharged by Participant for acting upon, any information, data, Transaction details, acknowledgements or instructions that are (i) entered, imported, transmitted or otherwise communicated under its Zero Hash User IDs (whether or not such action was actually authorized by Participant), or (ii) are otherwise reasonably believed by Zero Hash to be genuine and to have been communicated or presented on behalf of Participant by an Authorized Trader, whether via the Zero Hash System or otherwise. 6. Participant acknowledges that transactions made on Participant’s behalf may be subject to federal and state laws and regulations governing transactions in currency and other monetary instruments relating to money laundering activities and the funding of terrorism and that such laws and regulations may impose severe criminal penalties on those who participate or assist in such activities or in structuring of such activities to avoid reporting requirements. Participant acknowledges that Zero Hash or any of its affiliates may monitor transactions for compliance with such laws and regulations. Provided, further, Participant agrees that Participant will not initiate any action which would violate, or result in a payment in violation of the federal and state laws or regulations, including, without limitation, the federal laws and regulations administered by bank regulatory agencies and the Office of Foreign Assets Control (“OFAC ”) relating to money laundering and the funding of terro...
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