Common use of AML Program Clause in Contracts

AML Program. The Transfer Agent agrees to (i) maintain an anti-money laundering program in compliance with applicable laws and regulations; and (ii) with respect to the beneficial ownership of shares in the Trust for which the Transfer Agent maintains the applicable shareholder information, comply with all applicable laws and regulations designed to guard against money laundering activities set out in such program. The Transfer Agent confirms that, as soon as possible following the request from the Trust, the Transfer Agent will supply the Trust with copies of the Transfer Agent’s anti-money laundering policy and procedures, and such other relevant certifications and representations regarding such policy and procedures as the Trust may reasonably request from time to time.

AML Program. The Transfer Agent agrees to (i) maintain an anti-money laundering program in compliance with applicable laws and regulations; and (ii) with respect to the beneficial ownership of shares in the Trust Fund for which the Transfer Agent maintains the applicable shareholder information, comply with all applicable laws and regulations designed to guard against money laundering activities set out in such program. The Transfer Agent confirms that, as soon as possible following the request from the TrustFund, the Transfer Agent will supply the Trust Fund with copies of the Transfer Agent’s anti-money laundering policy and procedures, and such other relevant certifications and representations regarding such policy and procedures as the Trust Fund may reasonably request from time to time.