Common use of AML Rules Clause in Contracts

AML Rules. 56.1 The Borrower and the Guarantor each agree that the Lender may: (a) require the Borrower and the Guarantor to provide to the Lender, or otherwise obtain, any additional documentation or other information and perform any acts to enable the Lender to comply with any laws relating to AML or any other law; (b) at the absolute discretion of the Lender and without notice to the Borrower or the Guarantor take any action it considers appropriate, including suspending, blocking or delaying transactions and refusing to provide services to the Borrower or the Guarantor to comply with any law relating to AML or any other law and if this occurs the Lender is not liable for any consequences or losses whatsoever as a result of taking any such action; and (c) in the absolute discretion of the Lender and without notice to the Borrower or the Guarantor report any, or any proposed transaction or activity to any body authorised to accept such reports relating to AML or any other law. 56.2 Each of the Borrower and the Guarantor undertakes to not knowingly do anything to put the Lender in breach of any laws relating to AML or any other law.