Common use of Anti-Money Laundering Delegation Clause in Contracts

Anti-Money Laundering Delegation. In order to assist the Trust with the Trust’s anti-money laundering (“AML”) responsibilities under applicable AML laws, M3Sixty offers certain risk-based shareholder activity monitoring tools and procedures that are reasonably designed to: (i) promote the detection and reporting of potential money laundering activities; and (ii) assist in the verification of persons opening accounts with the Trust (the “AML Procedures”). If the Trust elects to have M3Sixty implement the AML Procedures and delegate the day-to-day operation of such AML Procedures to M3Sixty, the parties will agree to such terms as stated in the attached Schedule D which may be changed from time to time subject to mutual written agreement between the parties.

Anti-Money Laundering Delegation. In order to assist the Trust with the Trust’s anti-money laundering (“AML”) responsibilities under applicable AML laws, M3Sixty offers certain risk-based shareholder activity monitoring tools and procedures that are reasonably designed to: (i) promote the detection and reporting of potential money laundering activities; and (ii) assist in the verification of persons opening accounts with the Trust (the “AML Procedures”). If the Trust elects to have M3Sixty implement the AML Procedures and delegate the day-to-day operation of such AML Procedures to M3Sixty, the parties will agree to such terms as stated in the attached Schedule D which may be changed from time to time subject to mutual written agreement between the parties. [Remainder of the page is blank.]