Anti-Money Laundering Regulations. All Parties to this Agreement hereby agree to comply with all applicable laws and regulations intended to prevent, detect, and report money laundering and suspicious transactions and will take all necessary and appropriate steps, consistent with applicable regulations and generally accepted industry practices, to (1) obtain, verify, and retain information with regard to investor and/or account owner identification and source of funds, and (2) to maintain records of all account transactions. Each Party to this Agreement also agrees (to the extent consistent with applicable law) to take all steps necessary and appropriate to provide requested information about investors and/or accounts to any other Party that shall request such information due to an inquiry or investigation by any law enforcement, regulatory or administrative authority. To the extent permitted by applicable law and/or regulation, each Party shall notify all other Parties of any concerns that shall arise in connection with any investor or account holder in the context of relevant anti-money laundering legislation/regulations. Each Party shall hold harmless all other Parties to this Agreement for any actions that may arise for good faith attempts to comply with all applicable laws, rules and/or regulations of governmental agencies, law enforcement organizations and/or Self Regulatory Organizations.
Appears in 6 contracts
Samples: General Administrative Services Agreement (Ameritas Variable Separate Account V), General Administrative Services Agreement (Ameritas Life Insurance Corp Separate Account Llva), General Administrative Services Agreement (Ameritas Variable Separate Account Va-2)
