Common use of Currency and Foreign Transactions Reporting Act Clause in Contracts

Currency and Foreign Transactions Reporting Act. The operations of the Company are and have been conducted at all times in material compliance with (a) the requirements of the U.S. Treasury Department Office of Foreign Asset Control and (b) applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transaction Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any 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 best knowledge of the Company, threatened.

Currency and Foreign Transactions Reporting Act. The operations of the Company are and have been conducted at all times in material compliance with (ai) the requirements of the U.S. Treasury Department Office of Foreign Asset Control and (bii) material compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transaction Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any 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 best knowledge of the Company, threatened.