Identity Check Clause Samples
The Identity Check clause establishes procedures for verifying the identity of parties involved in an agreement or transaction. Typically, this involves requiring individuals or entities to provide official identification documents, such as passports or business registration certificates, and may include additional verification steps like background checks or third-party authentication. Its core practical function is to prevent fraud and ensure that all parties are who they claim to be, thereby reducing the risk of impersonation or unauthorized access.
Identity Check. Identity Check is required when the Client calls Citfin by telephone in connection with the Services provided, i.e., in particular before:
a) Arrangement of Exchange Trade through the Dealing Department.
b) Information provision about the Services provided to the Client by Citfin at the time the Client contacts Citfin. The Client's Authentication or Authorisation follows the Client's Identity Check depending on the Client's request.
Identity Check. The Bank undertakes to check carefully the identity of its clients and their authorised agents. The client is liable for any damage resulting from failure to recognise falsifications or incorrect identification provided that the Bank has exercised the degree of due care usual in banking transactions.
Identity Check. 4.1. In accordance with applicable legislation, including the Act on Prevention of Money Laundering and Financing of Terrorism (Wet ter voorkoming van witwassen en financieren van terrorisme – Wwft), KIT is required to establish the identity of The Other Party and to report unusual transactions to the relevant authority under specified circumstances. By engaging in activities with the aim to formalize contractual agreement, The Other Party confirms that they are aware of activities regarding the investigation into their identity, and where necessary, grants its permission to do so. KIT, reserves the right to dissolve agreements that are (suspected) incompliant with applicable legislation, including the Act on Prevention of Money Laundering and Financing of Terrorism.
Identity Check. Prior to departure from a port, authorised staff will carry out an identification check on the commercial seal applied to the consignment .
Identity Check. 3.6.2.1 The identity of Temporary Agency Workers shall be verified through passport or photo card driving licence. Evidence of this may be required of the Temporary Agency Worker when they attend the Assignment.