Financial Crime Risk Management Activity. The terms in this Clause shall continue to apply even after the Bank ceases to provide any accounts, products and/or services to the Customer. (Please refer to Clause 42 for the definitions applicable to this Clause.)
Financial Crime Risk Management Activity. We, and members of the HSBC Group, are required to meet Compliance Obligations relating to detecting, investigating and preventing Financial Crime “Financial Crime Risk Management Activity”. We and members of the HSBC Group may take action to meet these Compliance Obligations, including:
a. screening, intercepting, and investigating instructions, communications, drawdown requests, applications for Services, or payments sent to, by you, or on your behalf investigating who sent, received, or was intended to receive funds
Financial Crime Risk Management Activity. The Bank and the other members of the HSBC Group may take any action they consider appropriate in their sole and absolute discretion, to meet compliance obligations in connection with the detection, investigation and prevention of financial crime. Such action may include, but is not limited to: (a) screening, intercepting and investigating any instruction, communication, drawdown request, applications for accounts and/or services, or any payment sent to or by you, or on your behalf, (b) investigating the source of or intended recipient of funds, (c) combining customer information with other related information in the possession of the HSBC Group, (d) sharing customer information with other members of the HSBC Group and with, or at the direction of, government authorities, and/or (e) making further inquiries as to the status of a person or entity, whether they are subject to a sanctions regime, or confirming your identity and status. Neither the Bank nor any other member of the HSBC Group will be liable to you or any third party for any loss 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 any services or otherwise as a result of financial crime risk management activity. If there is a conflict or inconsistency between these provisions and any other agreement between you and the Bank or another member of the HSBC Group, these provisions will prevail, and these provisions will continue to apply, even after any termination by the Bank or another member of the HSBC Group of any services to you or the closure of any of your accounts. You can close your account at any time by notifying the Bank during normal business hours. The Bank also has the right to close your account at any time for any reason or no reason. If your account is closed, you remain responsible for any transactions you previously arranged for, including those that arrive after your account is closed and any which the Bank returns unpaid. If the Bank exercises its right to close your account, the Bank will send your final collected account balance, if applicable, and a final statement or notice to your most recent address as reflected in the Bank's records. The Bank may return unpaid any items presented on your account after it is closed. The Bank may charge you fees shown on the Terms and Charges Disclosure or similar fee schedule.
Financial Crime Risk Management Activity. 7.1 The Bank, and members of the HSBC Group, are required to, and may take any action considered appropriate to comply with laws, regulations, sanctions regimes, international guidance, HSBC Group internal policies and procedures, and/ or demands from any Authorities, relating to or 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:
(a) screening, intercepting and investigating any instruction, communication, drawdown request, application for Services, or any payment sent to or by the Accountholder, or on its behalf;
(b) investigating the source of or intended recipient of funds;
(c) combining Customer Information with other related information in the possession of the HSBC Group; and/or
(d) making further enquiries as to the status of a person or entity, whether they are subject to a sanctions regime, or confirming an Accountholder’s identity and status.
7.2 Exceptionally, the Bank’s undertaking of Financial Crime Risk Management Activity may lead to the Bank delaying, blocking or refusing the making or clearing of any payment, the processing of Accountholder instructions or application for Services or the provision of all or part of the Services. To the extent permissible by law, neither the Bank nor any other member of HSBC Group shall be liable to the Accountholder or any third party in respect of any loss howsoever arising, suffered or incurred by the Accountholder or third party caused in whole or in part in connection with the undertaking of Financial Crime Risk Management Activity.
Financial Crime Risk Management Activity. We, and members of HSBC Group, are required, and may take any action to meet Compliance Obligations relating to or 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: (a) screening, intercepting and investigating any instruction, communication, drawdown request, application for Services, or any payment sent to or by YOU, or on YOUR behalf, (b) investigating the source of or intended recipient of funds (c) combining Customer Information with other related information in the possession of HSBC Group, and/or (d) making further enquiries as to the status of a person or entity, whether they are subject to a sanctions regime, or confirming YOUR identity and status. PUBLIC - Exceptionally, our Financial Crime Risk Management Activity may lead to us delaying, blocking or refusing the making or clearing of any payment, the processing of YOUR instructions or application for Services or the provision of all or part of the Services. 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 (however it arose) that was suffered or incurred by YOU or a third party, caused in whole or in part in connection with the undertaking of Financial Crime Risk Management Activity.
Financial Crime Risk Management Activity. (a) At all times during the Tenure, the Customer shall ensure that the Customer has never and would not:
(i) engage, directly or indirectly, in a transaction that involves proceeds of any unlawful activity;
(ii) acquire, receive, possess, disguise, transfer, convert, exchange, carry, dispose, use, remove from or bring into Malaysia proceeds of any unlawful activity; or
(iii) conceal, disguise or impede the establishment of the true nature, origin, location, movement, disposition, title of, rights with respect to, or ownership of, proceeds of any unlawful activity.
(b) In any event, the Customer shall ensure that the Facility shall not be used for any purpose that may contravene any Shariah principles or for any illegal activities as stipulated under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 20016.
(c) The operations of the Customer’s company/ business, and of the Customer’s subsidiaries and their affiliates, are and have been conducted at all times in material compliance with applicable financial recordkeeping and reporting requirements, and the money laundering statutes, and the rules and regulations thereunder, and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency having jurisdiction over the Customer, any of the Customer’s subsidiaries or any of their affiliates (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 Customer, any of the Customer’s subsidiaries or any of their affiliates with respect to the Money Laundering Laws is pending or, to the best of the Customer’s knowledge, threatened.
(d) The Bank’s GTC (available at xxx.xxxxxxxxxx.xxx.xx or upon request) on “Financial Crime Risk Management Activity” or any equivalent and/or relevant clause(s) which may be subsequently inserted to alter, modify, supplement, vary or substitute the same, shall be incorporated into this Agreement.
Financial Crime Risk Management Activity. 18.1 The Bank, and members of the HSBC Group, are required to, and may take any action considered appropriate to comply with laws, regulations, sanctions regimes, international guidance, HSBC Group internal policies and procedures, and/or demands from any Authorities, relating to or 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:
(a) screening, intercepting and investigating any instruction, communication, drawdown request, application for Services, or any payment sent to or by the Cardholder or the Employer, or on their respective behalf;
(b) investigating the source of or intended recipient of funds;
(c) combining Customer Information with other related information in the possession of the HSBC Group; and/or
(d) making further enquiries as to the status of a person or entity, whether they are subject to a sanctions regime, or confirming a Cardholder’s or an Employer’s identity and status.
18.2 Exceptionally, the Bank’s undertaking of Financial Crime Risk Management Activity may lead to the Bank delaying, blocking or refusing the making or clearing of any payment, the processing of Cardholder or Employer instructions or application for Services or the provision of all or part of the Services. To the extent permissible by law, neither the Bank nor any other member of HSBC Group shall be liable to the Cardholder or the Employer or any third party in respect of any loss howsoever arising, suffered or incurred by the Cardholder, the Employer or third party caused in whole or in part in connection with the undertaking of Financial Crime Risk Management Activity.
Financial Crime Risk Management Activity. 4.1 HSBC, and members of the HSBC Group, are required, and may take any action they consider appropriate in their sole and absolute discretion, 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: (a) screening, intercepting and investigating any instruction, communication, drawdown request, application for Services, or any payment sent to or by you, or on your behalf, (b) investigating the source of or intended recipient of funds, (c) combining Customer Information with other related information in the possession of the HSBC Group, and/or (d) making further enquiries as to the status of a person or entity, whether they are subject to a sanctions regime, or confirming a Cus tomer’s identity and status.
4.2 Exceptionally, our Financial Crime Risk Management Activity may lead to us delaying, blocking or refusing the making or clearing of any payment, the processing of your instructions or application for Services or the provision of all or part of the Services. To the extent permissible by law, neither HSBC 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 caused in whole or in part in connection with the undertaking of Financial Crime Risk Management Activity.
Financial Crime Risk Management Activity. 36.1 We, and members of the HSBC Group, are required to, and may take any action considered appropriate to comply with laws, regulations, sanctions regimes, international guidance, HSBC Group internal policies and procedures, and/or demands from any Authorities, relating to or 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:
a) screening, intercepting and investigating any instruction, communication, drawdown request, application for Services, or any payment sent to or by you, or on your behalf;
b) investigating the source of or intended recipient of funds;
c) combining Customer Information with other related information in the possession of the HSBC Group; and/or
d) making further enquiries as to the status of a person or entity, whether they are subject to a sanctions regime, or confirming your identity and status.
Financial Crime Risk Management Activity. 3.1 We, and members of the HSBC Group, are required, and may take any action to meet Compliance Obligations relating to or in connection with the detection, investigation and prevention of Financial Crime (“Financial Crime
3.2 Exceptionally, our Financial Crime Risk Management Activity may lead to us delaying, blocking or refusing the making or clearing of any payment, the processing of your instructions or application for Services or the provision of all or part of the Services. 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 (however it arose) that was suffered or incurred by you or a third party, caused in whole or in part in connection with the undertaking of Financial Crime Risk Management Activity.
