Common use of Beneficial Owners Clause in Contracts

Beneficial Owners. In order to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 American Express International (NZ) Inc is required to gather the following information about the ownership and effective control of your entity. We will not be able to process your application without it. We are required to collect information on those individuals that are deemed Beneficial Owners. In New Zealand a Beneficial Owner means an individual who: a) has effective control of a customer on whose behalf a transaction is conducted; or b) owns 25% or greater of the customer on whose behalf a transaction is conducted. The ownership may be indirect via another entity for example. a parent company, a trust or a holding company. If your ownership structure is complex please provide a structure diagram. The NZ AML Supervisors Guidance on Beneficial Ownership provides the following examples for effective control: a) Those individuals with the ability to control the customer and/or dismiss or appoint those in senior management positions b) Those individuals holding 25 percent or greater of the customer’s voting rights c) Those individuals (for example, Directors or the CEO) who hold senior management positions or board positions d) Trustees (where applicable). American Express International (NZ) Inc will use the information provided to carry out further identification and verification checks. If we are not able to perform these checks we may require additional information and supporting documents. Please review the requirements below in relation to your entity type and ensure that you have provided the full details requested: Are any shares in the ownership structure held in Nominee/Bearer form? Yes No Full name, residential address and date of birth of all Directors and all Beneficial Owners as defined above Full name, residential address and date of birth of all Partners, all Beneficial Owners as defined above Full name, residential address and date of birth of the chairman/president, secretary and treasurer, and all individuals that have effective control (as defined above) of the entity for example the current committee or management team. Full name, residential address and date of birth of all Beneficial Owners for example members of the co-operative, senior management and any other individuals that have effective control as defined above. If you require additional space to provide the data requested please copy a blank version of page 2, attach to your application and have this signed by the decision maker.

Beneficial Owners. In order to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT) American Express International (NZ) Inc is required to gather the following information about the ownership and effective control of your entity. We will not be able to process your application without it. We are required to collect information on those individuals that are deemed Beneficial Owners. In New Zealand a Beneficial Owner means an individual who: a) has effective control of a customer on whose behalf a transaction is conducted; or b) owns 25% or greater of the customer on whose behalf a transaction is conducted. The ownership may be indirect via another entity for example. a parent company, a trust or a holding company. If your ownership structure is complex please provide a structure diagram. The NZ AML Supervisors Guidance on AML/CFT Beneficial Ownership Guideline provides the following examples for effective control: a) controllers: • Those individuals with the ability to control the customer and/or dismiss or appoint those in senior management positions b) positions • Those individuals holding 25 percent or greater of the customer’s voting rights c) rights • Those individuals (for example, Directors or the CEO) who hold senior management positions or board positions d) positions • Trustees (where applicable). What type of Company? Private Public What is your legal entity type? New Zealand Company Partnership* Co-operative* Association / Club / Society* American Express International (NZ) Inc will use the information provided to carry out further identification and verification checks. If we are not able to perform these checks we may require additional information and supporting documents. Please review the requirements below in relation to your entity type and ensure that you have provided the full details requested: Are any shares in the ownership structure held in Nominee/Bearer form? Yes No Full name, residential address and date of birth of all Directors and all Beneficial Owners as defined above Full name, residential address and date of birth of all Partners, all Beneficial Owners as defined above Full name, residential address and date of birth of the chairman/president, secretary and treasurer, and all individuals that have effective control (as defined above) of the entity for example the current committee or management team. Full name, residential address and date of birth of all Beneficial Owners for example members of the co-operative, senior management and any other individuals that have effective control as defined above. If you require additional space to provide the data requested please copy a blank version of page 2, attach to your application and have this signed by the decision maker.