AML Compliance Officer. It is understood that the Trust is a financial institution subject to the law entitled Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism ("U.S.A. Patriot") Act of 2001 and the Bank Secrecy Act (collectively, the "AML Acts"), and is required to comply with the AML Acts and applicable regulations thereunder (collectively, the "Applicable AML Laws"). Subject to the provisions of this Section 2(b) and Section 2(c) below, BISYS agrees to make available to the Trust a person to serve as the Trust's anti-money laundering compliance officer ("AML Compliance Officer"). BISYS' obligation in this regard shall be met by providing an appropriately qualified employee or agent of BISYS (or its affiliates) who, in the exercise of his or her duties to the Trust, shall act in good faith and in a manner reasonably believed by him or her to be in the best interests of the Trust. Subject to the relevant terms of the transfer agency or other services agreement under which BISYS provides certain anti-money laundering services to the Trust, the AML Compliance Officer will assist the Trust in operating the written anti-money laundering program adopted by the Board of the Trust and provided to BISYS (the "AML Program"), and shall perform the duties assigned to the AML Compliance Officer which are set forth in the AML Program. The Trust shall provide copies of its anti-money laundering compliance reports and such other books and records of the Trust as the AML Compliance Officer deems necessary or desirable in order to carry out his or her duties hereunder on behalf of the Trust. Each party also agrees to provide promptly to the other party (and to the AML Compliance Officer), upon request, copies of other records and documentation relating to the compliance by such party with Applicable AML Laws (in relation to the Trust), and each party also agrees otherwise to assist the other party (and the AML Compliance Officer) in complying with the requirements of the AML Program and Applicable AML Laws. Each party agrees to retain a copy of all documents and records prepared, maintained or obtained by it relating to shareholders and transactions for a period of at least five (5) years from the termination of the relationship with each such shareholder or the date of execution of each such transaction. The foregoing is not intended to limit any obligation to retain any specified records for any other period that may be specified in ...
AML Compliance Officer. Service Provider agrees to provide an officer or employee of the Service Provider to serve as the Fund’s AML Compliance Officer subject to approval by the Fund’s Board of Trustees. The AML Compliance Officer will carry out the role and responsibilities of Trust’s AML Compliance Program (the “AML Program”) and will endeavor to provide an annual third-party report on the operation of the Trust’s AML Program.
AML Compliance Officer. 5.3 Each party represents to the other that the execution and delivery of this Amendment has been duly authorized.
AML Compliance Officer b. In the Fee Schedule to the Agreement, the section entitled “Other Fees” is hereby amended to include the following additional fees: ● Independent AML Program Review: $5,000 per year
AML Compliance Officer. The board of directors for Lending Club has designated an anti-money laundering compliance officer (AML Compliance Officer) who is responsible for implementing, enforcing, and maintaining these Policies. This person will always be an officer of the company. Currently, Xxxx Xxxxxxx, Chief Operations Officer is appointed as the AML Compliance Officer. • He is responsible for coordinating and monitoring day-to-day as well as ensuring Lending Club employees receive proper training on all AML policies and procedures. • He is accountable for ensuring Lending Club creates and maintains records, properly files reports as required by the BSA, the Patriots Act and the OFAC statues. • He is responsible for monitoring any new developments and implementing them accordingly. • He is responsible for the compliance training program and ensuring all employees are trained in all its procedures and policies. • The AML Officer is the primary contact between Lending Club and the federal regulatory authorities including OFAC, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), and the Federal Bureau of Investigation (FBI). • The AML Officer is responsible for reporting to the board on any compliance issues.
AML Compliance Officer. XRP II and the Ripple Trade MSB will maintain, or will continue to maintain, an anti-money laundering compliance officer to ensure day-to-day compliance with their obligations under the Bank Secrecy Act and its implementing regulations.
