Anti-Money Laundering and Countering the Financing of Terrorism Sample Clauses

Anti-Money Laundering and Countering the Financing of Terrorism. (a) You acknowledge that we and our Affiliates are required to act in accordance with the Applicable Laws which relate to the prevention of money laundering, terrorist financing and the provision of financial and other services to any persons or entities which may be subject to sanctions. We and/or our Affiliates may take any action in accordance with or by reference to all such Applicable Laws. (b) In order to comply with Applicable Laws on anti-money laundering, countering the financing of terrorism as well as our policies, reporting requirements under Applicable Laws on financial transactions and any requests of authorities, we may be: (i) prohibited from entering into or concluding certain Gold Bullion Transactions; and/or (ii) required to report suspicious Gold Bullion Transactions to an authority. (c) We and/or our Affiliates may intercept and investigate any payment message and other information or communications sent to or by you or on your behalf and may delay, block or refuse to make any payment and such payment screening may cause a delay in processing certain information. (d) Neither we nor our Affiliates shall be liable for any Losses arising out of any action taken or any delay or failure by us or our Affiliates, in performing any of our duties or other obligations, caused in whole or in part by any step taken as set out above.
Sample 1Sample 2Sample 3See All (15)
AutoNDA by SimpleDocs
Anti-Money Laundering and Countering the Financing of Terrorism. (a) You acknowledge that we and our Affiliates are required to act in accordance with the Applicable Laws which relate to the prevention of money laundering, terrorist financing and the provision of financial and DBS Bank Ltd
Sample 1Sample 2
Anti-Money Laundering and Countering the Financing of Terrorism. 24.1 You represent that the User’s Funds in your Account were not and are not directly or indirectly derived from activities that may contravene Applicable Laws in Singapore or otherwise, including but not limited to Applicable Laws relating to anti-money laundering and countering the financing of terrorism. 24.2 You represent and warrant that, to the best of your knowledge, neither (i) you nor your Representatives, (ii) any person controlling or controlled by you, (iii) if you are a privately held entity, any person having a beneficial interest in you; nor (iv) any person for whom you are acting as agent or nominee, has (a) violated any AML/CFT laws, rules and regulations; (b) has engaged in any transaction, investment, undertaking or activity that conceals the identity, source or destination of the proceeds from any category of prohibited offenses designated by the Organization for Economic Co-operation and Development’s Financial Action Task Force on Money Laundering; or (c) is subject to any sanctions regime or is listed on any 'black list' of any Governmental Agency, foreign government or international body 24.3 Please be advised that BigFundr may not accept any trading activities from a prospective User if it cannot make the representations set forth in Clauses 24.1 and 24.2 above. In addition, if you cannot make these representations, BigFundr, at its sole and absolute discretion, may suspend, restrict or terminate your trading activities and Account. 24.4 You agree to promptly notify BigFundr should you become aware of any change in the information set forth in the representations set out in Clauses 24.1 and 24.2 above. You are advised that, by Applicable Law, BigFundr may be obligated to “freeze” your Account, by prohibiting any trading activities from you in compliance with Applicable Law, and BigFundr and/or its Representatives may also be required to report such action and to disclose your identity to the relevant Governmental Agency. In particular, you agree that BigFundr shall be entitled to report instances of fraudulent or criminal behaviour to the relevant Governmental Agency. 24.5 You hereby agree to promptly provide any additional documentation BigFundr and/or its Representatives may request in the future to the extent that BigFundr determines necessary in order to comply with applicable anti-money laundering Applicable Laws or any other applicable Applicable Law and you acknowledge and consent to the disclosure by BigFundr and/or its Re...
Sample 1
Anti-Money Laundering and Countering the Financing of Terrorism. If the Contracting Party has any one of the following circumstances, the Bank may directly suspend disbursement or terminate the Agreement to comply with laws and regulations relating to anti-money laundering and countering the financing of terrorism (AML/CFT): I. The Contracting Party does not cooperate with the Bank's periodic review, refuses to provide information on its beneficial owner or controlling person, or is unwilling to explain the nature or purpose of transactions or source of funds. II. The Contracting Party is a terrorist or terrorist organization under economic sanctions or identified or investigated by a foreign government or international anti-money laundering organization, or announced by the Ministry of Justice in accordance with the Counter-Terrorism Financing Act.
Sample 1
Anti-Money Laundering and Countering the Financing of Terrorism. The Bank may take whatever action it considers appropriate to meet any obligations, either in Singapore or elsewhere, relating to any law or regulation, order of court of the relevant jurisdiction, exchange controls or currency restrictions or sanctions legislation, or applicable regulations and legislation concerning anti-money laundering and countering the financing of terrorism (“AML / CFT Regulations”). For the avoidance of doubt, this includes (without limitation) the conduct of know-your- client procedures, customer due diligence, screening, transaction monitoring and the making of relevant inquiries with such persons as the Bank may deem appropriate for the purposes of satisfying its responsibilities under the AML / CFT Regulations. The Bank shall not be responsible to the Customer or any third party for any loss incurred as a result of the Bank taking such action. In this connection, the Bank may request, and the Customer undertakes to provide, all necessary assistance, information and documentation for the Bank to satisfy such requirements. The Customer represents and warrants that any information or documentation provided by the Customer to the Bank pursuant to this Agreement or otherwise shall be true, accurate, complete and not misleading. For the avoidance of doubt, the Bank may in its discretion decline to provide any Facility, services or carry out any transactions to the Customer where the Customer fails to provide any such assistance, information or documentation to the satisfaction of the Bank. The Bank shall not be liable for any cost, damage or expense incurred by the Customer or any of the Customer’s Affiliates, the Customer’s beneficial owners, senior managers, associated parties (for example, agents, representatives, co-borrowers, guarantors, joint guarantor, co-issuer, debtor of negotiable instruments, joint debtor, security provider and authorized persons) and counterparties (collectively "Customer's Associated Parties") for the purpose of complying with the AML / CFT Regulations. The Customer agrees to indemnify the Bank and hold the Bank harmless on demand against all and any losses, costs and expenses it may incur or be liable for as a result of any suspicion, allegation or report of money laundering arising in connection with any Facility Document, transaction document or any transaction, or any other agreement with the Bank. (a) If the Customer or any of the Customer's Associated Parties is an individual, juristic person or or...
Sample 1
Anti-Money Laundering and Countering the Financing of Terrorism. We are required to undertake client due diligence as directed by the Isle of Man Anti-Money Laundering and Countering the Financing of Terrorism Code 2015 (as amended 2018). In the event of a delay in your provision of necessary information and documentation required to complete client due diligence, Chancery Advisors will not be responsible for any loss incurred due to the delay in investing client monies or arranging protection policies.
Sample 1

Related to Anti-Money Laundering and Countering the Financing of Terrorism

  • Anti-Money Laundering (1) Each party to this Agreement other than the Warrant Agent hereby represents to the Warrant Agent that any account to be opened by, or interest to be held by the Warrant Agent 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 Warrant Agent’s prescribed form as to the particulars of such third party. (2) The Warrant Agent 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 Warrant Agent, 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 sanctions legislation, regulation or guideline. Further, should the Warrant Agent, in its sole judgment, determine at any time that its acting under this Agreement has resulted in its being in non-compliance with any applicable anti-money laundering, anti-terrorist or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on ten (10) days written notice to the other parties to this Agreement, provided (i) that the Warrant Agent's written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Warrant Agent's satisfaction within such ten (10) day period, then such resignation shall not be effective.

  • Anti-Terrorism The Contractor agrees to undertake all reasonable efforts to ensure that none of the UNDP funds received under the Contract is used to provide support to individuals or entities associated with terrorism and that recipients of any amounts provided by UNDP hereunder do not appear on the list maintained by the Security Council Committee established pursuant to Resolution 1267 (1999). The list can be accessed via xxxxx://xxx.xx.xxx/sc/suborg/en/sanctions/1267/aq_sanctions_list. This provision must be included in all sub-contracts or sub-agreements entered into under the Contract.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!