Financial Crime. Please be aware that current UK money laundering regulations require us to obtain adequate ‘Know Your Client’ information about you. We are also required to cross check you against the HM Financial Sanctions List as part of the information gathering process. We are obliged to report to the National Crime Agency any evidence or suspicion of financial crime at the first opportunity and we are prohibited from disclosing any such report. We will not permit our employees or other persons engaged by them to be either influenced or influence others in respect of undue payments or privileges from or to insurers or clients.
Financial Crime. We are obliged to put in place controls to prevent our business from being used for money laundering and other forms of financial crime. We’ll verify your identity before undertaking any business with you. To do this we may use electronic identity verification systems and we may conduct these checks from time to time throughout our relationship, not just at the beginning. The check may leave a ‘footprint’ on your credit file but it will not affect your credit rating.
Financial Crime. 9.1 The Agent shall maintain adequate and up to date financial crime prevention, anti-money laundering and whistle blowing processes, and not undertake any activity in any way that would constitute a criminal act within the jurisdiction. It shall conduct the business in accordance with all applicable anti-money laundering and international trade, economic or financial sanctions legislation.
9.2 The Agent shall carry out Financial Sanctions checks on all customers to ensure its compliance with the Counter Terrorism Xxx 0000 and all applicable laws and regulations. The Agent shall provide evidence of this upon request by RACMS.
9.3 The Agent shall have and shall maintain in place throughout the term of this Agreement its own Anti-Bribery policies and procedures (including adequate procedures under the Bribery act 2010) comply with all applicable laws, statutes, regulations and codes relating to anti-bribery and anti-corruption including but not limited to the Xxxxxxx Xxx 0000 a and not engage in any activity or conduct which would constitute an offence under sections 1, 2 or 6 of the Xxxxxxx Xxx 0000 if such activity, practice or conduct had been carried out in the United Kingdom.
Financial Crime. Notwithstanding any terms and conditions provided hereunder, the Bank shall be entitled to take all actions the Bank considers appropriate in order for the Bank to meet any obligation or requirement, either in Thailand or elsewhere, in connection with the detection, investigation and prevention of financial crime including fraud, money laundering, terrorism financing, bribery, corruption, or tax evasion or the enforcement of any economic or trade sanction (“Financial Crime”). The Customer understands and agrees that if any activities, conduct or circumstances the Customer is involved in (directly or indirectly) may, in the sole and absolute discretion of the Bank, expose the Bank to legal or reputational risk, or actual or potential regulatory or enfo rcement actions, the Bank shall at any time, without giving any reason or notice to the Customer, have the right to immediately: -
(a) terminate all contractual relationships the Customer has with the Bank; and
(b) make reports and take such other actions as the Bank may deem appropriate. The Customer undertakes that the Customer will not initiate, engage in or effect a transaction (directly or indirectly) that may involve Financial Crime and agrees to hold the Bank harmless, indemnify the Bank and keep the Bank indemnified from and against any and all liabilities, claims, obligations, losses, damages, penalties, actions, judgments, suits, costs (including, but not limited to, legal costs on a full indemnity basis), expenses and disbursements of any kind whatsoever which the Bank may suffer or incur in connection with or arising from any breach by the Customer of this undertaking.
Financial Crime. We are obliged to put in place controls to prevent our business from being used for money laundering and other forms of financial crime. We will verify your identity before undertaking any business with you. To do this we may use electronic identity verification systems and we may conduct these checks from time to time throughout our relationship, not just at the beginning. The check may leave a ‘footprint’ on your credit file, but it will not affect your credit rating. Under the rules of our regulator, the FCA, as a firm providing independent advice, we are unable to accept or retain payments or benefits from other firms (e.g. product providers) as this would conflict with our independent status. From time to time we may attend training events funded and /or delivered by product providers, fund managers and investment platforms. These events are designed to enhance our knowledge and enhance the quality of service we provide to our clients. As such this does not affect our obligation to act in your best interests. Following our initial discussion (for which there is no charge) should you decide to proceed there is a cost for our services. We offer a variety of methods by which we can be remunerated so that you can select the method that best suits your needs. Our charges fall into the following categories: • Initial charges: these are the upfront costs of our services. • Service fee: once your financial plan is in place it is important to keep it under review so it can be adapted, where necessary, as your circumstances change. Our ongoing services are designed to do this. Our actual charges and fees (in pounds and xxxxx) will be agreed with you before we do any work and we will also explain your payment options. We will not charge you until we have agreed with you how we are to be paid. We will also tell you if there are other costs that might arise in connection with the services we provide to you. The initial charge for advice, research and arranging an investment, pension transfer or regular investment is detailed in the following table. Our ongoing fee, incorporating our standard service and investment review, is also detailed in this table: Portfolio: up to £100,000 3% of Investment 0.5% ongoing service fee £100,001 to £350,000 2% of Investment 0.5% ongoing service fee Over £350,001 1% of Investment 0.5% ongoing service fee ISA New Plans 3% of Investment 0.5% ongoing service fee ISA Transfers 3% of investment 0.5% ongoing service fee Regular Premium: ...
Financial Crime. We, and members of the HSBC Group, are required, and may take any action considered appropriate, to meet Compliance Obligations in connection with the detection, investigation and prevention of Financial Crime (Financial Crime Risk Management Activity). Such action may include, but is not limited to: (i) screening, intercepting and investigating any instruction or communication by you or a Connected Person, or on your or a Connected Person’s behalf; (ii) investigating the source of or intended recipient of funds; (iii) combining Customer Information with other related information in the possession of the HSBC Group; and/or (iv) making further enquiries as to the status of a person or entity, whether they are subject to a sanctions regime, or confirming your or Connected Person’s identity and status. To the extent permissible by law, neither we nor any other member of HSBC Group shall be liable to you or any third party in respect of any loss whether incurred by you or a third party in connection with the delaying, blocking or refusing of any payment or the provision of all or part of the Services or otherwise as a result of Financial Crime Risk Management Activity.
Financial Crime. We are obliged to conduct reasonable due diligence to protect against the risk of financial crime. At the start of our relationship and throughout we will require you to provide information to assist with our due diligence, and we may take steps to verify payment details you provide to us. Neither you or us shall be involved in the offering, promising or giving of any financial or other advantage to any person in breach of any applicable anti-bribery laws. We are unable to provide insurance services to any individuals or entities which are subject to any targeted or transactional country sanctions. If you become subject to sanctions after these Terms come into effect we may have to terminate our relationship with you and your insurer may invoke its cancellation rights under your policy.
Financial Crime. 10.1. Neither Party shall engage in any activity, practice or conduct that may constitute an offence under any applicable laws or regulations designed to combat bribery, fraud or corruption, including the Bribery Act 2010, and both Parties shall at all times maintain appropriate systems and controls, including monitoring systems, to ensure compliance with such laws or regulations.
Financial Crime. 22.1 Both parties shall pay due regard to, and co-operate in respect of the observance of, any applicable financial crime and international economic, financial or trade sanctions laws and regulations which bind the relevant customer, intermediary and Focus.
22.2 Neither party shall take any action which facilitates the evasion of taxes anywhere in the world or which is contrary to any related financial crime laws and regulations (including without prejudice to the generality of the foregoing the Criminal Finances Act 2017).
22.3 Neither party shall be involved in the offering, promising or giving of any financial or other advantage to any person in breach of any laws and regulations against bribery (including without prejudice to the generality of the foregoing the Bribery Act 2010).
22.4 Both parties shall insofar as they are required to do so and, whether or not either party is an associated person of the other for the purposes of the Xxxxxxx Xxx 0000, the Criminal Finances Xxx 0000 or any other relevant laws and regulations, maintain on an ongoing basis appropriate systems, procedures and controls designed to prevent any breach of paragraphs 22.1 to 22.3 above.
Financial Crime. 5.1 The Intermediary acknowledges that transactions will be covered by statutory and other requirements relating to money laundering as amended from time to time, including, but not restricted to, the Criminal Justice Act 2003; the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017; the Proceeds of Crime Act 2002; Terrorism Act 2000; the Criminal Finances Act 2017; the Joint Money Laundering Steering Group Guidance Notes, the UK financial sanctions regime and the FCA Rules. Failure to comply with any of these requirements may result in the refusal to effect transactions in a product or service as defined, the withholding of redemption proceeds and/or commissions and/or the inability to effect further transactions in any product or service as offered from time to time by Rowan Dartington.
5.2 The Intermediary undertakes full and complete responsibility for the identification procedures to comply with any of these requirements in respect of any transaction in any product or service and not to pass any transaction request to Rowan Dartington in breach of such requirements. The Intermediary acknowledges and agrees that Rowan Dartington will rely on it to apply applicable client due diligence measures and will (a) immediately on request provide Rowan Dartington with copies of any identification and verification data and any other relevant documentation on the identity of the Client, Client's beneficial owner, or any person acting on behalf of the Client, and (b) retain copies of all such data and documents for the period referred to in regulation 40 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
