Common use of Financial Activity Clause in Contracts

Financial Activity. 5.1. In order to comply with anti-money laundering laws and regulations and to fulfil our own due diligence requirements, we reserve the right to obtain information from you regarding the nature and source of funds that are credited to any account held by us in relation to the Services. We reserve the right to request and obtain documentary evidence to support any statements made in this respect. 5.2. If you are unable to supply satisfactory evidence or explanations, funds received may be returned to the bank from which they were remitted. We will not be liable or responsible for any loss resulting from the return of such funds. 5.3. When sales of Client and Client Entity assets to third parties are undertaken, we reserve the right to undertake due diligence reviews of the proposed purchaser/s and to request supporting explanations and documentation to fulfil legal and ICM Group AML/CFT standards. 5.4. If we become aware of actions or transactions which appear to us as if they might indicate the presence of any crime as referred to in Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended), to report our suspicions which may in turn be reported to the Irish Financial Intelligence Unit (FIU) and Revenue.

Financial Activity. 5.1. In order to comply with anti-money laundering laws and regulations and to fulfil our own due diligence requirements, we reserve the right to obtain information from you regarding the nature and source of funds that are credited to any account held by us in relation to the Services. We reserve the right to request and obtain documentary evidence to support any statements made in this respect. 5.2. If you are unable to supply satisfactory evidence or explanations, funds received may be returned to the bank from which they were remitted. We will not be liable or responsible for any loss resulting from the return of such funds. 5.3. When sales of Client and Client Entity assets to third parties are undertaken, we reserve the right to undertake due diligence reviews of the proposed purchaser/s and to request supporting explanations and documentation to fulfil legal and ICM Group AML/CFT standards. 5.4. If we become aware of actions or transactions which appear to us as if they might indicate the presence of any crime as referred to in Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended)Financing Code 2019, we are required under Isle of Man law to report our suspicions which may in turn be reported to the Irish Isle of Man Financial Intelligence Unit (FIU) and RevenueUnit.