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.
Appears in 3 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
Anti-Money Laundering Procedures. 23.1. You understand and acknowledge that T1 Tier1FX International complies with the provisions of the Proceeds of Crime (Anti-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 corrections 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 Laundering and Countering of Terrorism legislation.
23.3. Unless you have indicated on your Account Opening Form, you warrant to T1 Tier1FX International 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 Exposed Person. You agree to notify us if your status in this regard changes.
Appears in 1 contract
Samples: Customer Agreement
