CLIENT VERIFICATION Sample Clauses
The Client Verification clause establishes the requirement for the client to provide accurate and sufficient information to confirm their identity or eligibility before services are rendered. Typically, this involves submitting identification documents, proof of address, or other relevant credentials, and may include ongoing obligations to update information if circumstances change. The core function of this clause is to ensure compliance with legal and regulatory standards, such as anti-money laundering laws, and to protect the service provider from fraud or unauthorized access.
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CLIENT VERIFICATION. 12.1 The FSP, as part of the Barclays Group, is committed to complying with national and international laws, rules and regulations and policies to prevent criminal activities, money laundering and terrorist financing, sanctions and prohibited business activity laws and rules violations. All information provided by and concerning clients is therefore subject to verification, processing and screening and the FSP may be obliged to decline certain applications.
12.2 You hereby consent to and authorize the FSP to make such enquiries and obtain such information as the FSP considers reasonable and appropriate in order for the FSP to satisfy the regulatory obligations which the FSP is subject to. This may cause some delays in the transactions that you make and the accounts you apply for. Depending on the outcome of such enquiries, the FSP may also have to end its relationship with you.
12.3 The FSP shall not be responsible for any losses and damages suffered by you as a result of any action taken by the FSP in terms of its obligations set out in clause 12.1 and 12.
CLIENT VERIFICATION. 19.1. BDB verifies the Identify of each client it does business with included and not limited to the authorised signatories to this Agreement.
19.2. The CLIENT agrees to supply BDB with the documentation as required BDB and agrees to handle the information confidentially and only for purposes of client and credit verification.
19.3. The CLIENT hereby authorises BDB to obtain information from Credit Bureaus and other organisations to perform the necessary risk evaluations that BDB may deem necessary.
19.4. It is specifically noted that BDB cannot commence with the Service until the CLIENT has supplied all documentation as mentioned in clause 15.2 to BDB.
CLIENT VERIFICATION. 19.1. BDB is obliged in terms of FICA, to verify the Identify of each client it does business with included and not limited to the authorised signatories to this Agreement.
19.2. The CLIENT agrees to be verified in terms of FICA by supplying BDB with the documentation as required in the BDB application forms and BDB agrees to handle the information confidentially and for purposes as prescribed by FICA.
19.3. The CLIENT hereby authorises BDB to obtain information from Credit Bureaus and other organisations to perform the necessary risk evaluations that BDB may deem necessary.
19.4. It is specifically noted that BDB cannot commence with the service until the CLIENT has supplied all documentation as mentioned in 15.2 above to BDB.
CLIENT VERIFICATION a. Once Client has been authenticated as describe above, CREDCO will verify the identity of Client through authentication and verification procedures that provide an acceptable level of security for access to Information Services.
b. At the present time, CREDCO requires verification through issuance by CREDCO, and use by Client, of a Client User ID and password. The initial password will be issued by CREDCO and not created by Client. For services accessed by Client via ▇▇▇▇▇▇.▇▇▇ or any other Credco-owned and/or operated portal, as may be applicable from time to time, the following shall apply: 1)Passwords will have a minimum of eight (8) characters in an alphanumeric combination and will be changed at least once every ninety (90); 2)Passwords and User IDs will be encrypted with 128-bit encryption.
CLIENT VERIFICATION. 10.1. Identification and verification procedures (also known as 'Know Your Customer' or 'KYC') are required for all Transactions. All new and existing Clients of the Trading Platform must pass the verification procedures. MyBro reserves the right to limit the Trading Platform functionality to the Clients who have not passed verification. If the Client refuses to provide required documents and information under KYC procedures, MyBro reserves the right to immediately terminate the Services provided to the Client.
10.2. The Client undertakes to provide MyBro with correct and relevant documents and personal information. If a Client provides counterfeit documents or false personal information, such behavior will be interpreted as fraudulent activity.
10.3. The Client hereby authorizes MyBro to, directly or indirectly (through third parties), make any inquiries as we consider it necessary to check the relevance and accuracy of the information provided for verification purposes. The Transferred Personal Information will be limited only to the data that is strictly necessary and will only be transmitted with security measures in place to protect the data.
10.4. MyBro also has the right to request the Client to provide additional verification documents even if the Client has already passed the verification process to ensure the effective implementation and enforcement of MyBro AML/KYC policies and applicable legislation requirements. If the Client does not respond to such requirements in a timely manner MyBro has a right to limit the Client’s services or to stop providing them until requirements are met.
10.5. In order to use any of the Service(s), you must first register to use the Service(s) by providing your email, mobile phone number, full name, country and other personal or company information to verify your identity, as well as an affirmation regarding the source of your digital assets and/or fiat currency, along with affirming these Terms.
10.6. You agree to provide us accurate and authentic information we request at registration and on an ongoing basis for the purposes of identity verification and the detection of money laundering, terrorist financing, fraud, or any other financial crime, including without limitation a copy of your government issued photo ID, or evidence of residency such as a lease or utility bill.
10.7. If any information provided by the Client changes, it is the Client’s obligation to provide to MyBro such updated information as soon as ...
CLIENT VERIFICATION. If you are happy with the information provided above, please fill in your details below. A copy of this document will then be returned to you once the agreement is in place.