Anti-Money Laundering and Terrorist Financing. As a Payment Service Provider, Paynovate is subject to the legal and regulatory provisions relating to the fight against money laundering and the financing of terrorism. For this purpose, Paynovate must carry out all the necessary procedures relating to the identification of the Client and, when applicable, the ultimate beneficial owner, as well as to the verification of the identity of the latter. Throughout the duration of the Contract, the Client undertakes to keep Paynovate informed about any changes without delay concerning, in particular, their activity, the identification of their corporate officers and beneficial owners, including a change of control. In addition, Paynovate must inquire about the origin of the Payment Transactions, their purpose and the destination of the funds. From an operational point of view, Paynovate is required to set up a system for monitoring and detecting atypical payment transactions. The Client undertakes to comply with obligations to combat money laundering and terrorist financing by providing information to Paynovate about any unusual Payment Transactions detected by Paynovate. Paynovate reserves the right to request any other document or additional information if deemed necessary to meet its vigilance obligations in the sense of the fight against money laundering and the financing of terrorism. As such, Paynovate could postpone the opening of the Payment Account or temporarily block and even close it in case of persistent suspicion. The Client ensures that: - Incoming funds in their Paynovate Account are not obtained as a result of criminal activity - The Client will not use services provided by Paynovate for any illegal purposes, including actions and transactions in order to legalize funds derived from criminal or other illegal activities 3 Execution of payment transactions
Anti-Money Laundering and Terrorist Financing. The Borrower has taken, and shall continue to take, commercially reasonable measures (in any event as required by Applicable Laws) to ensure that it is and shall be in compliance with the Proceeds of Crime (Money Laundering)
Anti-Money Laundering and Terrorist Financing. (a) The Company hereby represents to the Warrant Agent that any account to be opened by, or interest to held by, the Warrant Agent in connection with this Agreement, for or to the credit of the Company is not intended to be used by or on behalf of any third party.
Anti-Money Laundering and Terrorist Financing. (i) To the best of Subscriber’s knowledge, the funds being used to purchase the Units: (i) were not obtained or derived, directly or indirectly, as a result of illegal activities; (ii) are not intended to be used, directly or indirectly, in order to carry out a criminal offence, a terrorist activity or for the benefit of a terrorist group, (iii) are not owned or controlled by a terrorist group; and (iv) are not being tendered on behalf of a person or entity who has not been identified to Subscriber.
Anti-Money Laundering and Terrorist Financing. 33.1 The Customer agrees and acknowledges that in connection with any:
Anti-Money Laundering and Terrorist Financing. A Property Services Provider is a “designated person” for the purposes of the Criminal Justice (Money Laundering and Terrorist Financing) Xxx 0000. In order to comply with this Act, designated persons are required to ensure that customers are not laundering money or financing terrorism. On 5 September 2016, the Minister conferred the relevant powers under the Criminal Justice (Money Laundering and Terrorist Financing) Xxx 0000 upon the PSRA by way of an order under Section 60 of the Act. This enables the PSRA to monitor Property Service Providers for the purpose of securing compliance by such providers with the requirements of the Act. The resources necessary to perform the investigative function is dependent upon the outsourcing of audit compliance investigations. As part of its regulatory remit, the Authority will undertake audits of anti-money laundering compliance of property service providers.
Anti-Money Laundering and Terrorist Financing. Each party to this agreement hereby agrees that they have complied with all applicable anti-money laundering laws and Terrorist Financing regulations. The parties endorse this software development has no dual purpose or cannot be used willfully or intentionally to assist in Money Laundering/Terrorist Financing/Proliferation Financing. These includes, but may not be limited to, for military purpose (used in preparation of weapons etc.), militancy, hacking purpose, Cyber-terrorism, Preparatory secret communication, Cyberattacks, spying, self-destructing (encrypted messaging and tailor-made video calling applications), computer viruses, computer worms, phishing & other evils purpose.
Anti-Money Laundering and Terrorist Financing. The Target Companies and, so far as the Seller is aware, their respective directors, officers and employees are in material compliance with all applicable Anti-Money Laundering Laws.
