Common use of Delegated AML Services and Reporting Clause in Contracts

Delegated AML Services and Reporting. Service Provider agrees to accept delegation of the following elements of the Trust’s AML Program with respect to direct shareholders of the Trust: (i) no cash policy; (ii) screening for prohibited shareholders; (iii) customer identification program; (iv) customer due diligence; (v) correspondent account due diligence (vi) suspicious activity monitoring and reporting; (vii) information sharing compliance (viii) “travel rule” recordkeeping (ix) anti-money laundering training and (x) anti-money laundering related record keeping (collectively, the “AML Delegated Duties”). Service Provider will provide quarterly board reporting on the foregoing services.

Delegated AML Services and Reporting. Service Provider agrees to accept delegation of the following elements of the TrustFund’s AML Program with respect to direct shareholders of the TrustFund: (i) no cash policy; (ii) screening for prohibited shareholders; (iii) customer identification program; (iv) customer due diligence; (v) correspondent account due diligence (vi) suspicious activity monitoring and reporting; (vii) information sharing compliance (viii) “travel rule” recordkeeping (ix) anti-money laundering training and (x) anti-money laundering related record keeping (collectively, the “AML Delegated Duties”). Service Provider will provide quarterly board reporting on the foregoing services.

Delegated AML Services and Reporting. Service Provider agrees to accept delegation of the following elements of the TrustFund’s AML Program with respect to concerning direct shareholders of the TrustFund: (i) no cash policy; (ii) screening for prohibited shareholders; (iii) customer identification program; (iv) customer due diligence; (v) correspondent account due diligence (vi) suspicious activity monitoring and reporting; (vii) information sharing compliance (viii) “travel rule” recordkeeping (ix) anti-money laundering training and (x) anti-money laundering related record keeping (collectively, the “AML Delegated Duties”). Service Provider will provide quarterly board reporting on the foregoing preceding services.