Common use of Bank Secrecy Act Clause in Contracts

Bank Secrecy Act. The operations of the Company are and have been conducted at all times in compliance with (i) the requirements of the U.S. Treasury Department Office of Foreign Assets Control and (ii) applicable financial recordkeeping and reporting requirements of the Bank Secrecy Act of 1970 (the Currency and Foreign Transactions Reporting Act), as amended, including the Money Laundering Control Act of 1986, as amended, the rules and regulations thereunder and any related or similar money laundering statutes, rules, regulations or guidelines, issued, administered or enforced by any Federal governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company with respect to the Money Laundering Laws is pending or, to the Company’s knowledge, after reasonable inquiry, threatened.