Common use of Patriot Act Notice; OFAC and Bank Secrecy Act Clause in Contracts

Patriot Act Notice; OFAC and Bank Secrecy Act. Xxxxx Fargo hereby notifies Client that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies Client, which information includes the name and address of Client in accordance with the Patriot Act. Client will provide such information and take such actions as are reasonably requested by Xxxxx Fargo in order to assist Xxxxx Fargo in maintaining compliance with the Patriot Act. “Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, signed into law October 26, 2001. In addition, Client shall (a) ensure that no person, firm or entity who owns a controlling interest in or otherwise controls Client or any subsidiary of Client is or shall be listed on the Specially Designated National and Blocked Persons List or similar lists maintained by the Office of Foreign Assets Control (“OFAC”), the Department of Treasury or included in any Executive Orders, (b) not use or permit to use any funds to violate any of the foreign asset control regulations of OFAC or any enabling statute or Executive Order relating thereto, the Bank Secrecy Act, the Money Laundering Act of 1986, or any other law or legal requirement relating to money laundering, all as amended from time to time, and (c) comply, and cause its subsidiaries to comply, with all such laws and other legal requirements.

Patriot Act Notice; OFAC and Bank Secrecy Act. Xxxxx Wxxxx Fargo hereby notifies Client Clients that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies each Client, which information includes the name and address of such Client in accordance with the Patriot Act. Each Client will provide such information and take such actions as are reasonably requested by Xxxxx Wxxxx Fargo in order to assist Xxxxx Wxxxx Fargo in maintaining compliance with the Patriot Act. “Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, signed into law October 26, 2001. In addition, each Client shall (a) ensure that no person, firm or entity who owns a controlling interest in or otherwise controls such Client or any subsidiary of such Client is or shall be listed on the Specially Designated National and Blocked Persons List or similar lists maintained by the Office of Foreign Assets Control (“OFAC”), the Department of Treasury or included in any Executive Orders, (b) not use or permit to use any funds to violate any of the foreign asset control regulations of OFAC or any enabling statute or Executive Order relating thereto, the Bank Secrecy Act, the Money Laundering Act of 1986, or any other law or legal requirement relating to money laundering, all as amended from time to time, and (c) comply, and cause its subsidiaries to comply, with all such laws and other legal requirements.