AML Reporting Sample Clauses

AML Reporting. Ultimus agrees to provide anti-money laundering services to the Trust’s direct shareholders and to operate the Trust’s customer identification program for these shareholders, in each case in accordance with the written procedures developed by Ultimus and adopted or approved by the Trust’s Board of Trustees (the “Board”) and with applicable law and regulations.

AML Reporting. Uxxxxxx agrees to provide anti-money laundering services to the Trust’s direct shareholders and to operate the Trust’s customer identification program for these shareholders, in each case in accordance with the written procedures developed by Uxxxxxx and adopted or approved by the Board and with applicable law and regulations.

AML Reporting. Xxxxxxx agrees to provide anti-money laundering services to the Fund’s direct shareholders and to operate the Fund’s customer identification program for these shareholders, in each case in accordance with the written procedures developed by Xxxxxxx and adopted or approved by the Board and with applicable law and regulations.

AML Reporting. On a quarterly basis, the Transfer Agent shall provide a report to the Fund on its performance of the AML Delegated Duties, among other compliance items, which report shall include information regarding the number of: (i) potential incidents involving unusual or suspicious activity, (ii) SARs and other reports or notices filed on behalf of the Fund, (iii) outstanding customer verification items, and (iv) potential and confirmed matches against the “Known Offender”, OFAC database and PEP database. Notwithstanding anything in this Section 4.3 to the contrary, the Transfer Agent reserves the right to amend and update the form of its AML reporting from time to time to comply with new or amended requirements of applicable law or to enhance its compliance program.

AML Reporting. Ultimus agrees to provide anti-money laundering services to the Fund’s direct shareholders and to operate the Fund’s customer identification program for these shareholders, in each case in accordance with the written procedures developed by Ultimus and adopted or approved by the Fund’s Board of Directors (the “Board”) and with applicable law and regulations.

AML Reporting. (a) On a quarterly basis, the Transfer Agent shall provide a report to the Fund on its performance of the AML Delegated Duties, among other compliance items, which report shall include information regarding the number of: (i) potential incidents involving cash and cash equivalents or unusual or suspicious activity, (ii) Forms 8300 and SARs filed on behalf of the Fund, (iii) outstanding customer verification items, (iv) potential and confirmed matches against the known offender and OFAC databases and (v) potential and confirmed matches in connection with FinCen requests. Notwithstanding anything in this Section 4.3(a) to the contrary, the Transfer Agent reserves the right to amend and update the form of its AML reporting from time to time to comply with new or amended requirements of applicable law or to enhance its Compliance+ program. (b) At least annually, the Transfer Agent will arrange for independent testing (an audit) of the AML services it provides to its clients on an organization-wide basis by a qualified independent auditing firm. The Transfer Agent will provide the AML compliance officer of the Fund with the results of the audit and testing, including any material deficiencies or weaknesses identified and any remedial steps that will be taken or have been taken by the Transfer Agent to address such material deficiencies or weaknesses. XXXXXX ASSOCIATES INVESTMENT TRUST BOSTON FINANCIAL DATA SERVICES, INC. By: /s/ Xxxx X. Xxxxx BY: /s/ Xxxxxxx Xxx ---------------------------------- ---------------------------------- Name: Xxxx X. Xxxxx Name: Xxxxxxx Xxx -------------------------------- -------------------------------- Title: President Title: Senior Vice President ------------------------------- ------------------------------- As an Authorized Officer on behalf of the Fund listed above. SCHEDULE 1.3 SERVICE LEVEL AGREEMENT Dated: October 1, 2005 OVERVIEW The standards below represent the levels and standards which the Transfer Agent is generally achieving in its day-to-day operations and which the Fund may reasonably expect the Transfer Agent to generally achieve. Notwithstanding anything in the Transfer Agency and Service Agreement or any schedule or exhibit thereto (the "Agreement") to the contrary, this does not mean, and, the Transfer Agent neither represents, warrants or covenants that, nor does the Fund necessarily expect, that the Transfer Agent shall always meet, fulfill or comply with the levels and standards set forth below at all times....

AML Reporting. (a) On a quarterly basis, the Transfer Agent shall provide a report to the Trust on its performance of the AML Delegated Duties, among other compliance items, which report shall include information regarding the number of (i) potential incidents involving cash and cash equivalents or unusual suspicious activity, (ii) Forms 8300 and SARS filed on behalf of the Trust, (iii) outstanding customer verification items, (iv) potential and confirmed matches in connection with FinCen requests. Notwithstanding anything in this Section 4.3 (a) to the contrary, the Transfer Agent reserves the right to amend and update the form of its AML reporting from time to time to comply with new and amended requirements of applicable law or to enhance its Compliance program. (b) At least annually the Transfer Agent will arrange for independent testing (an audit) of the AML services it provides to its clients on an organization-wide basis by a qualified independent auditing firm. The Transfer Agent will provide the AML compliance officer of the Trust with the results of the audit and testing, including any material deficiencies or weaknesses identified and any remedial steps that will be taken or have been taken by the Transfer Agent to address such material deficiencies or weaknesses. AARP FUNDS STATE STREET BANK AND TRUST COMPANY BY: By: A duly authorized officer of AARP Funds Name: Name: Title: Title: The standards below represent the levels and standards which the Transfer Agent is generally achieving in its day-to-day operations and which the Trust may reasonably expect the Transfer Agent to generally achieve. Notwithstanding anything in the Transfer Agency and Service Agreement or any schedule or exhibit thereto (the “Agreement”) to the contrary, this does not mean, and, the Transfer Agent neither represents, warrants or covenants that, nor does the Trust necessarily expect, that the Transfer Agent shall always meet, fulfill or comply with the levels and standards set forth below at all times. Rather, it is the expectation of the parties that, in the event of a failure to meet, fulfill or comply with the levels and standards set forth below, the parties shall coordinate and cooperate to correct the inadequacies as set forth immediately below in “Service Level Standard Resolution”.

AML Reporting. Xxxxxxx agrees to provide anti-money laundering services with respect to the Fund’s direct shareholders and to operate the Fund’s customer identification program with respect to these shareholders, in each case in accordance with the written procedures developed by Xxxxxxx and adopted or approved by the Board and with applicable law and regulations. Notwithstanding the foregoing, Ultimus’ ability, and therefor its obligation, to perform anti-money laundering services with respect to the Fund’s direct shareholders and to operate the Fund’s customer identification program with respect to these shareholders, shall be wholly-dependent upon its timely receipt from Poolit of all information necessary in Ultimus’ sole determination to properly perform such services, and, should Ultimus determine it to be necessary, Ultimus may require Poolit to provide, and Poolit hereby agrees to provide, Xxxxxxx with such additional information as Xxxxxxx determines is necessary to properly perform such services. Any failure by Poolit to provide Ultimus with such information shall be a material breach of the Agreement. As a condition to Xxxxxxx agreeing to provide the aforementioned anti-money laundering services, Poolit further agrees to verify the authenticity of financial information collected via the Poolit maintained investor portal by running the same through the Plaid verification system before any such information is provided to Ultimus.

AML Reporting. (a) On a quarterly basis, the Transfer Agent shall make available to the Fund a report on its performance of the AML Procedures, among other compliance items, which report shall include information regarding the number of: (i) potential incidents involving cash equivalents or unusual or suspicious activity, (ii) SARs Forms filed on behalf of the Fund, (iii) outstanding customer verification items, (iv) potential and confirmed matches against known offender, OFAC and PEP databases, and (v) potential and confirmed matches in connection with FinCEN requests. Notwithstanding anything in this Section 4.3(a) to the contrary, the Transfer Agent reserves the right to amend and update the form of its AML reporting from time to time to comply with new or amended requirements of applicable law or to enhance its Compliance+ program. (b) At least annually, the Transfer Agent will arrange for independent testing (an audit) of AML services it provides to its clients on an organization-wide basis by a qualified independent auditing firm. The Transfer Agent will provide the AML compliance officer of the Fund with the results of the audit and testing, including any material deficiencies or weaknesses identified and any remedial steps that will be taken or have been taken by the Transfer Agent to address such material deficiencies or weaknesses.

AML Reporting. (a) On a quarterly basis, the Transfer Agent shall provide a report to the Fund on its performance of the AML Delegated Duties, among other compliance items, which report shall include information regarding the number of: (i) potential incidents involving unusual or suspicious activity, (ii) SARs filed on behalf of the Fund, (iii) outstanding customer verification items, (iv) potential and confirmed matches against the “Known Offender”, OFAC and PEP databases and (v) potential and confirmed matches in connection with FinCEN requests. Notwithstanding anything in this Section 4.3(a) to the contrary, the Transfer Agent reserves the right to amend and update the form of its AML reporting from time to time to comply with new or amended requirements of applicable law or to enhance its Compliance+ program. Notice of any AML reporting amendments will be provided to the Fund promptly. (b) At least annually, the Transfer Agent will arrange for independent testing (an audit) of the AML services it provides to its clients on an organization-wide basis by a qualified independent auditing firm. The Transfer Agent will provide the Fund’s AML Compliance Officer with the results of the audit and testing, including any material deficiencies or weaknesses identified and any remedial steps that will be taken or have been taken by the Transfer Agent to address such material deficiencies or weaknesses. By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Name: Xxxxxxx X. Xxxxxxx Title: President Title: Managing Director The Transfer Agent shall perform the following support services for the Funds’ enhanced web functionality: 1. Host the enhanced web functionality infrastructure and associated disaster relief environments 2. Make updates to the common enhanced web software as needed to maintain compatibility with FAN Web API’s 3. Make updates required by changes that Transfer Agent makes to the core enhanced web platform or hardware infrastructure that were not requested by the customer 4. Provide access to the Boston Financial help desk and other online support as required above the DST FANWeb support.