Anti-Money Laundering Procedures. Trust Entity represents that it has established an Anti-Money Laundering Program (“AML Program”) that is designed to comply with applicable U.S. laws, regulations, and guidance, including rules of self-regulatory organizations, relating to the prevention of money laundering, terrorist financing, and related financial crimes. Its AML Program includes written policies and procedures regarding the (i) verification of the identity of Client-shareholders and the source of Client-shareholders’ funds, and ii) reporting of any suspicious transactions in a Client-shareholder’s account. Trust Entity agrees to cooperate with the Fund Agent and/or Fund Company to satisfy their respective AML due diligence policies, which may include annual AML compliance certifications, periodic AML due diligence reviews and/or other requests deemed necessary to ensure its compliance with the AML regulations. Trust Entity will (but only to the extent consistent with applicable law) take all steps necessary and appropriate to provide the Fund Company and/or the Fund Agent with any requested information about Client-shareholders and their Fund accounts in the event that the Fund Company and/or the Fund Agent shall request such information due to an inquiry or investigation by any law enforcement, regulatory, or administrative authority.
Anti-Money Laundering Procedures. (a) Financial Institution will comply with all applicable laws and regulations aimed at preventing, detecting, and reporting money laundering and suspicious transactions and will take all necessary and appropriate steps, consistent with applicable regulations and generally accepted industry practices, to (i) obtain, verify, and retain information with regard to investor identification and source of investor funds, and (ii) to maintain records of all investor transactions. Financial Institution will (but only to the extent consistent with applicable law) take all steps necessary and appropriate to provide One Group and/or ODGS with any requested information about investors and accounts in the event that One Group and/or ODGS shall request such information due to an inquiry or investigation by any law enforcement, regulatory, or administrative authority.
(b) Financial Institution will, to the extent permitted by applicable law and regulations, notify One Group and/or OGDS of any concerns that Financial Institution may have in connection with any investor in the context of relevant anti-money laundering legislation/regulations.
Anti-Money Laundering Procedures. Client agrees to and acknowledges the following: a) Identity Verification. To help the government fight the funding of terrorism and money laundering activities, GMI is required to obtain, verify, and record information that identifies each person who opens an account with GMI. When Client opens an account, GMI is required to collect information such as the following:
1) client’s name; 2) date of birth; 3) permanent address; and 4) identification number. GMI may verify Client’s identifying information by performing a credit check or requiring Client to provide a government ID or other identifying documents. b) Monitoring. GMI may monitor the trading activity in accounts to investigate or identify Money Laundering. c) Prohibited banks. GMI is prohibited from conducting business with the following entities (“Section 311 entities”): Banco Delta Asia; VEF Banka; Commercial Bank of Syria; Syrian Lebanese Commercial Bank; Myanmar Mayflower Bank; Asia Wealth Bank; Any Burmese banking institution, including foreign branches; and any subsidiaries of the above entities. This means that the Client may not, directly or indirectly, deposit money into the GMI trading account from a Section 311 entity. Nor may the Client, directly or indirectly, withdraw money from the GMI trading account to any Section 311 entity. If we become aware that any Section 311 entity is associated with a Client’s GMI trading account, we will take appropriate steps to prevent such access, including, where necessary, terminating the account.
Anti-Money Laundering Procedures. (a) The Transfer Agent shall implement and operate the parts of the Funds’ policies and procedures relating to compliance with United States Federal anti-money laundering (“AML”) laws and applicable investor activity, including the Bank Secrecy Act and the USA PATRIOT Act and perform reasonable actions necessary to help the Funds be in compliance with such laws. In this regard, the Transfer Agent shall: (i) establish and implement written internal policies, procedures and controls reasonably designed to help prevent the Funds from being used to launder money or finance terrorist activities; (ii) provide for independent testing, by an employee who is not responsible for the operation of the Transfer Agent’s AML program or by an outside party, for compliance with the Transfer Agent’s established policies and procedures; (iii) designate a person or persons responsible for implementing and monitoring the operation and internal controls of the Transfer Agent’s AML program; (iv) provide ongoing training of Transfer Agent personnel relating to the prevention of money-laundering activities; and (v) provide periodic reports to the Funds relating to the services performed on their behalf under the Transfer Agent’s AML program.
(b) Upon the reasonable request of the Funds, the Transfer Agent shall provide to the Funds (it being understood all such information is to be considered confidential and treated as such and afforded all protections provided to confidential information under this agreement): (i) a copy of the Transfer Agent’s written AML policies and procedures, and any amendments thereto; (ii) at the option of the Transfer Agent, a copy of a written assessment or report prepared by the party performing the independent testing for compliance, or a summary thereof, or a certification that the findings of the independent party are satisfactory; (iii) a summary of the AML training provided for appropriate personnel; (iv) a list of individuals responsible for implementing and monitoring the Transfer Agent’s AML program; (v) a report summarizing actions taken concerning the Funds under the Transfer Agent’s AML program,; and (vi) to the extent permitted by law, information relating to any suspicious activities concerning the Funds that is required to be or may be voluntarily reported on a suspicious activity report (“SAR”).
(c) The Transfer Agent agrees to permit inspections relating to its AML program by U.S. Federal departments or regulatory agencies with appropri...
Anti-Money Laundering Procedures. The Transfer Agent shall (i) adopt and maintain an anti-money laundering compliance program (“AML Program”) that satisfies the requirements of all applicable laws and regulations; (ii) carry out its AML Program to the best of its ability; (iii) promptly notify the Fund if an inspection by the appropriate regulatory authorities of its AML Program identifies any material deficiency; and (iv) promptly remedy any material deficiency of which it has notice.
Anti-Money Laundering Procedures. 23.1. You understand and acknowledge that T1 complies with the provisions of the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations of 2008 and regulations made thereunder. If we have a suspicion that you have violated the Regulations, we are required to notify the proper authorities. Among other steps that might be taken, we could be required to block Your Funds. If requested, you agree to provide us with documents and/or other information we require to ensure our continued compliance with all applicable rules, regulations and laws. Should there be material updates, cor- rections or changes to the information you provide to us in connection with opening and maintaining your Account, you agree to notify us immediately of such changes. If you are in doubt as to whether a change is material, you agree to contact us for clarification.
23.2. You hereby confirm that none of Your Funds was directly or indirectly derived from, or otherwise related to any legal act or omission, nor are they product of any criminal activity which constitutes a predicate offence under any international, subnational or local Anti-Money Laudenring and Countering of Terrorism legislation.
23.3. Unless you have indicated on your Account Opening Form, you warrant to T1 that you are not a “PEP” (Politically Exposed Person) nor are you an immediate family member of a Politically Exposed Person or a close associate of a Politically Ex- posed Person. You agree to notify us if your status in this regard changes.
Anti-Money Laundering Procedures. In accordance with the Money Laundering Regulations, the Investment Manager will carry out formal checks as to the Client’s identity and address. This involves requesting original documentation from the Client such as a passport and utility xxxx. Such authentication may also include electronic searches of the electoral roll and the use of credit reference agencies. Acceptance of these terms and conditions represents your permission for the Investment Manager to access this information. Once these documents have been deemed acceptable, they will be photocopied by the Investment Manager and sent back to the Client by recorded post. Any delay in providing these documents will prevent the setting up of the Client’s account and any subsequent investment transactions. The Investment Manager will not be held liable for any losses caused by any delay whilst confirming your identity.
Anti-Money Laundering Procedures. Customer agrees to and acknowledges that QFS may conduct the following procedures at the time of the opening and throughout the existence of the Account:
Anti-Money Laundering Procedures. The Sub-Adviser hereby warrants for the purpose of anti-money laundering and countering of financing of terrorism procedures with respect to the activities covered by this Agreement:
(i) due diligence has been conducted on the relevant parties in accordance with Financial Action Task Force standards;
(ii) the Sub-Adviser maintains sufficient information on file to establish the identity, ownership and list of due authorised personnel of the relevant parties; and
(iii) in the event of any enquiry by the law enforcement agencies or regulators, copies of the relevant parties’ records referred to in (ii) above, it shall be made available to the compliance department of the Sub-Manager to satisfy the request to the extent permitted by applicable law.
Anti-Money Laundering Procedures. Xxxxxxxx agrees to and acknowledges that 10TradeFX may conduct the following procedures at the time of the opening and throughout the existence of the Account:
