General Information Obligations. The Bank is required, as part of its obligations relating to the fight against money laundering and the financing of terrorism, to identify Clients and where applicable, the beneficial owners of the transactions and a duty of constant vigilance towards its customers throughout the duration of the business relationship (amount and nature of operations, origin, and destination of funds, monitoring of the Client’s professional, economic and financial situation, etc.). The Bank is also required to declare, in particular: • Sums recorded in its books and transactions involving sums which could arise from a breach of the local regulation, or which could participate to the financing of terrorism. • Transactions for which the identity of the issuer or beneficial owner of the transaction remains doubtful despite the due diligence carried out under the Bank’s obligation to verify identity. The Bank is also required to collect information from its customer for operations that appear to be unusual due to their terms and conditions, their amount, or their exceptional nature in relation to those treated so far. As such, the Customer undertakes to the Bank, throughout the duration of the agreement: • To report to the Bank any exceptional transaction in relation to the usual operations recorded in his account and to provide, upon request, any information or document required. • To keep the Bank informed without delay of any change in his professional, patrimonial, financial, or personal situations or those of his possible guarantor, and more generally of any event likely to significantly alter the value of its assets or to aggravate the importance of its indebtedness. • To communicate to the Bank on first request any information, document relating to his professional, patrimonial, financial, or personal situation or to the conditions of an unusual transaction initiated at his profit or for the benefit of a third party. The Bank, due to the legislative and regulatory measures in force relating to the fight against money laundering or the financing of terrorism, may be obliged to request an authorization from Authorities before carrying out an operation. The Bank, by reason of the obligations imposed on it by the public authorities in the fight against money laundering and the financing of terrorism, may be required to take all measures, including the freezing of assets, likely to cause delays or refusals of transaction processing related to these obligations. In addition, ...
General Information Obligations. Partner shall provide a list of locations in which the personal data may be processed. Partner shall inform the Customer about relevant changes concerning the respective Cloud Services such as the implementation of additional functions.
General Information Obligations o Requests for information o Information about events and circumstances which impact the action o Consequences of non-compliance ▪ Article 25 – Checks, reviews, audits and investigations — Extension of findings o Granting authority checks, reviews and audits o European Commission checks, reviews and audits in grants of other granting authorities o Access to records for assessing simplified forms of funding o European Anti-Fraud Office (XXXX), European Public Prosecutor’s Office (EPPO), European Court of Auditors (ECA) audits and Investigations o Consequences of checks, reviews, audits and investigations — Extension of results of reviews, audits or investigations o Consequences of non-compliance
General Information Obligations. Requests for information • Information about events and circumstances which impact the action • Consequences of non-compliance.
General Information Obligations
