Common use of FACE TO FACE MEETINGS Clause in Contracts

FACE TO FACE MEETINGS. We are abide by the general rule that all clients must be subject to the full range of client due diligence, henceforth a face-to-face interview with a potential or existing client may be requested by the Company as part of the identification and verification procedures and in order to better understand the nature of the client’s business. Cases where the Company may request a face to face meeting with a client or potential client shall be among others the following: 1. Clients that pose higher money laundering or terrorist financing risks; 2. Suspicious behavior or activities; 3. In cases of periodic review and as part of enhanced due diligence; 4. Failure of the client to provide the required documentation and/or information; 5. The client provides wrong or misleading information (i.e. wrong telephone number etc.); 6. Where the company is trying to contact the client though unsuccessfully; 7. The client or potential client introduces VPN (virtual private network); 8. Any other reason deemed by the Company as necessary to facilitate a face to face meeting with the client i.e. random basis check of clients. The interview may take place at the Company’s offices or at the client's place of residence. The Company retains the right to send representative were proportionally so as to facilitate the Face to Face meeting. The representative shall be appointed and authorized by the Company. In cases where clients or potential clients refuse to facilitate such meetings the Company reserves the right to cancel the client on-boarding application or freeze the trading account of the client until the client agrees to the completion of enhance due diligence measures. In cases that the client repeatedly refuses to verify his or her identity the Company shall close all open positions of the client, send all initial deposits (minus any losses and applicable fees) back to the originating source so as to prevent any type electronic fraud and shall terminate the business relationship and reverse any transactions. In cases where the client comply with the request of enhance due diligence and face to face meeting the company shall not to impose any restrictions on the trading activity of the client.