Anti-Money Laundering and Anti-Terrorist Financing. Each time this Service is used, the Customer implicitly represents and warrants to, and covenants with, Royal Bank that (i) it is not, and the Services and OPS will not be used, directly or indirectly, by, for, or on behalf of, a Money Services Business or Restricted Business, (ii) it does not and will not conduct business in, or with individuals or entities located in, countries in contravention of Applicable Laws, and (iii) to the best of its knowledge, no Regulatory Authority or other Person has ever conducted any type of investigation related to any activity in contravention of Applicable Laws relating to anti-money laundering or anti- terrorist financing with regard to accounts or financial transactions of the Customer, or any accounts or financial transactions under the control of the Customer.
Anti-Money Laundering and Anti-Terrorist Financing. The Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) applies to the operation of your Accounts and the provision of our services. We will from time to time adopt policies to address the reporting, recordkeeping, client identification and other requirements of that legislation, and you consent to us conducting such activities, including background checks, as we may consider necessary for the purpose of complying with our obligations under that legislation. You will not allow another person or entity to use your Accounts or our services, and you will not use your Accounts or our services on behalf of or on the instructions of another person or entity, except to the extent we have agreed to their use of the Account or our services in that manner.
Anti-Money Laundering and Anti-Terrorist Financing. The Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) applies to the operation of the Customer's Accounts and the provision of the Bank's services. The Bank will from time to time adopt policies to address the reporting, recordkeeping, client identification and other requirements of that legislation. The Customer will comply with all those policies, and the Customer consents to the Bank conducting such activities, including background checks, as the Bank may consider necessary for the purpose of complying with its obligations under that legislation. The Customer will not allow another person to use their Accounts or the Bank's services, and the Customer will not use their Accounts or the Bank's services on behalf of or on the instructions of another person, except to the extent the Bank has agreed to their use of the Account or the Bank's services in that manner.
Anti-Money Laundering and Anti-Terrorist Financing. Each party to this Agreement other than the Trustee hereby represents to the Trustee that any account to be opened by, or interest to be held by the Trustee in connection with this Agreement, for or to the credit of such party, either (i) is not intended to be used by or on behalf of any third party; or (ii) is intended to be used by or on behalf of a third party, in which case such party hereto agrees to complete and execute forthwith a declaration in the Trustee’s prescribed form as to the particulars of such third party. The Trustee shall retain the right not to act and shall not be liable for refusing to act if, due to a lack of information or for any other reason whatsoever, the Trustee, in its sole judgment, determines that such act might cause it to be in non- compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Trustee, in its sole judgment, determine at any time that its acting under this Indenture has resulted in its being in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, then it shall have the right to resign on 10 days written notice to the other parties to this Agreement, provided (i) that the Trustee’s written notice shall describe the circumstances of such non-compliance; (ii) that if such circumstances are rectified to the Trustee’s satisfaction within such 10 day period, then such resignation shall not be effective.
Anti-Money Laundering and Anti-Terrorist Financing. The Trustee will retain the right not to act and will not be liable for refusing to act if, due to a lack of information or for any other reason whatsoever, the Trustee in its sole judgment, determines that such act might cause it to be in non-compliance with any applicable anti-money laundering, anti-terrorist or economic sanction legislation, regulation or guideline. Further, should the Trustee in its sole judgment, determine at any time that its acting under this Declaration of Trust has resulted in it being in non-compliant with any applicable anti-money laundering, anti- terrorist or economic sanction legislation, regulation or guideline, then it will have the right to resign on ten (10) days’ written notice to the Manager, provided that (i) the Trustee’s written notice will describe the circumstances of such non-compliance; and (ii) if such circumstances are rectified to the Trustee’s satisfaction within such ten (10) day period, then such resignation will not be effective.
Anti-Money Laundering and Anti-Terrorist Financing
