MONEY LAUNDERING REGULATIONS. The Corporation agrees to provide such evidence of its identity and that of its directors, partners, trustees and controllers and of all connected shareholders and other parties as the Agent may reasonably require in order to comply with its obligations under applicable legislation and regulations against money laundering and drug trafficking. The Agent may cease to act for the Corporation if it fails to comply and may at any time make such disclosures to the competent authorities as are reasonable as a result of such failure or otherwise upon suspecting that the Corporation or any such connected party is involved in money laundering and/or drug trafficking.
MONEY LAUNDERING REGULATIONS. To ensure compliance with the United Kingdom Money Laundering Regulations 2003 (the “Regulations”), the Agent may, in its absolute discretion, require verification of the identity of the Corporation and any of its officers and directors to the extent that the Corporation has not already provided it. If at any time prior to the Closing Time the Agent has not received verification of identity in order to satisfy, in its reasonable opinion, its obligations under the Regulations, the Agent may, in its absolute discretion, by notice in writing to the Corporation received prior to Closing, terminate this Agreement.
MONEY LAUNDERING REGULATIONS. Under Money Laundering Regulations, you may need to provide us with evidence of your identity to protect your interests. We are required by law to check your identity to prevent money laundering. We may do this electronically, using a reference agency or ask for documentary evidence. We will check your identity at the time of submission of application and at any time during continuance of the relationship you hold with us. We may delay or decline the processing of the application or instructions until we have satisfactory evidence of your identity. Where required by an applicable law or we otherwise believe that disclosure may help to combat fraud, money laundering offences or other criminal activity, we may report information about you and the Service we provide to you to the appropriate regulatory or governmental authorities, bodies or agencies. In case of any dispute or fraud reported by you or identified by us, we reserve the right to report the matter to the appropriate regulatory authorities.
MONEY LAUNDERING REGULATIONS. The Borrower shall (and shall ensure that each Obligor, PropCo, Xxxxxx, Seller 1 and Seller 2 shall) promptly provide such information and identification or other evidence in respect of it as the Agent may from time to time require to ensure compliance with Money Laundering Regulations.
MONEY LAUNDERING REGULATIONS. 11.1 We have legal obligations which may require us to seek information from you from time to time to enable us to comply with our obligations under the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2007 (together “Regulations”). We are obliged to report any reasonable suspicions about instructions received, transactions and activities to the regulatory authorities. A failure by you to provide information requested for those purposes may require us to take further steps, such as ceasing to act for you in the relevant matter or at all.
MONEY LAUNDERING REGULATIONS. Willsons are required to comply with the money laundering regulations and to retain on file verification of the identity of all new landlords. You will need to provide us with sight of your passport or UK Photocard Driving License and bank statement or utility bill to confirm your postal address.
MONEY LAUNDERING REGULATIONS. In line with The Money Laundering Regulations 2007, as a regulated profession, we are duty bound to carry out due diligence on all of our clients to confirm their identity. Rather than traditional methods in which you would have to produce multiple utility bills and a photographic ID we use an electronic verification system. This system allows us to verify you from basic details using electronic data, however it is not a credit check of any kind so will have no effect on you or your credit history. By signing this agreement as the seller you understand that we will undertake a search with Experian for the purposes of verifying your identity. To do so Experian may check the details you supply against any particulars on any database (public or otherwise) to which they have access. They may also use your details in the future to assist other companies for verification purposes. A record of the search will be retained. In addition, we are required to carry out the same due diligence on purchaser/ tenants. We may be requested to supply your ID numbers and national insurance numbers and will require this information from you if asked for from such AML providers.
MONEY LAUNDERING REGULATIONS. 12.1 To comply with the requirements of the Money Laundering and related Regulations, it may be necessary to obtain from you, and retain, evidence of your personal identity (or two directors of your company) in our records. If satisfactory evidence is not provided we cannot accept your instructions.
MONEY LAUNDERING REGULATIONS. When this contract is active the professional nominee is personally responsible for any civil liabilities, criminal liabilities, financial penalties, custodial or other sentences arising as a result of any action taken or not taken by the professional Nominee under the prevailing Money Laundering Regulations and any associated legislation.
MONEY LAUNDERING REGULATIONS. 29.1 The Company agrees that it will provide to ETX Capital such evidence of its identity and that of any Company Associate and any of their respective directors, shareholders, promoters and controllers as ETX Capital may reasonably require in order to comply with ETX Capital obligations under any legislation and regulations against money laundering and drug trafficking.
