Common use of Compliance and Anti Clause in Contracts

Compliance and Anti. Money Laundering Each of the provision of Services and Ancillary Services and the making of any Investment pursuant to the terms of this Agreement is strictly subject to each of the Bank and any applicable Agent completing to its satisfaction verification procedures in respect of the Customer’s identity and source of funds in accordance with all applicable anti-money laundering, anti- bribery and economic sanctions laws and regulations. The Customer may be required, from time to time, to provide such additional evidence as is required by the Bank or its Agents, in each case at their sole and absolute discretion, including from the Customer’s bankers, legal representatives or accountants. Neither the Bank nor any of its Agents shall be obliged to perform any Service or Ancillary Service, to make any Investment or to apply some or all of the Cash Sum or assets (as applicable) for an Investment unless and until all such verification procedures shall have been completed to the satisfaction of the Bank and its Agents (as applicable). Available Assets Investments shall be strictly limited to such Assets which are available for Investment for and on behalf of the Customer by the Bank or its Agents, whether inside or outside of the United Arab Emirates. Neither the Bank nor any of its Agents is obliged to make Investments in Assets in respect of which neither the Bank nor any of its Agents have any prior arrangement with the issuers, custodians, holders, administrators or otherwise, of such Assets. Non-