Common use of Anti-Money Laundering Measures Clause in Contracts

Anti-Money Laundering Measures. Each Party shall comply with any obligations imposed on it from time to time by the provisions of the laws and regulations of Ireland, and AIB policies, having the purpose of preventing money laundering. In particular, and without prejudice to the generality of this Clause, the Company shall cooperate promptly and fully with any steps taken by AIBIFS to identify the Directors, authorised signatories, the shareholders and ultimate economic beneficiaries of the Company. The Company undertakes to notify AIBIFS of any change of such data provided in the course of identifying the Directors, authorised signatories, the shareholders and the ultimate economic beneficiaries of the Company within five Business days of such change taking place.

Anti-Money Laundering Measures. Each Party shall comply with any obligations imposed on it from time to time by the provisions of the laws and regulations of Ireland, and AIB policies, having the purpose of preventing money laundering. In particular, and without prejudice to the generality of this Clause, the Company shall cooperate promptly and fully with any steps taken by AIBIFS to identify the Directors, authorised signatories, the shareholders and ultimate economic beneficiaries of the Company. The Company undertakes to notify AIBIFS of any change of such data provided in the course of identifying the Directors, authorised signatories, the shareholders and the ultimate economic beneficiaries of the Company within five Business days of such change taking place.. Back to Contents