Identity and Anti-Money Laundering Checks Sample Clauses

Identity and Anti-Money Laundering Checks. We have certain responsibilities under the FCA Rules and other applicable regulations to verify the identity of, and run anti- money laundering checks on, clients who act as investors. In order to fulfil these responsibilities, we may use third-party identification checking services to confirm your identity when you first seek to transfer money into your Investment Account. In the event that this service is not able to verify your identity to a sufficient level of authentication, you may be asked to send us physical or scanned versions of certain identification documents. From time to time after you have made your first transfer into your Investment Account, we may need to run additional identity checks on you. In executing this Agreement, you expressly agree that we may run any and all of these checks on you, and that you may not be able to transfer money into your Investment Account or make investments until and unless these checks are completed. We will not be liable for any losses, damages or costs arising from our conduct of these checks or your inability to transfer money into your Investment Account or make investments while the checks are pending or as a result of the unsatisfactory completion of the checks.

Identity and Anti-Money Laundering Checks. The Platform has certain responsibilities under the DFSA Rules and other applicable regulations to verify the identity of, and run anti-money laundering checks on, Members who are Clients of the Platform. In order to fulfil these responsibilities, the Platform may use third-party identification checking services to confirm the Member’s identity when it first seeks access to an unrestricted version of any offering hosted on the Platform’s Site. In order for the third-party to verify the Member’s identity, the Member may be asked to send the Platform physical or certified scanned versions of certain documents required to complete the checks mandated by the DFSA rules. The Member agrees to provide the Platform with such documents upon the Platform’s request to do so. From time to time the Platform may need to run additional identity checks. In executing this Agreement, the Member allows the Platform to run any and all of these checks, and that the Member may not be able to make investments until and unless these checks are completed. The Platform will not be liable for any losses, damages or costs arising from its conduct of these checks or the Member’s inability to make investments and transfer money into the Client Money Account while the checks are pending or as a result of the unsatisfactory completion of the checks. Members shall provide the information requested for (to run identity and money laundering checks) by the platform within 30 days of executing this Agreement. Members shall provide the information requested for through the section of the platform titled “Account Setup Gate”.