PREVENTION OF MONEY LAUNDERING AND TERRORISM FINANCING Sample Clauses

PREVENTION OF MONEY LAUNDERING AND TERRORISM FINANCING. 32.1 You acknowledge that: we are subject to various anti-money laundering and counter-terrorism financing laws (AML/CTF Laws) which may prohibit us from offering services or entering into or conducting Transactions; and the AML/CTF Laws include prohibitions against any person dealing with the proceeds of or assets used in criminal activity (wherever committed) and from dealing with any funds or assets of, or the provision of finance to, any person or entity involved (or suspected of involvement) in terrorism or any terrorist act.
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PREVENTION OF MONEY LAUNDERING AND TERRORISM FINANCING. 7.1. The Client hereby acknowledges that it is aware of the fact that all attorneys and lawyers as professional advisers are obliged to abide by the applicable rules on prevention of money laundering and terrorism financing, that the Firm is obliged to inform the respective authorities of certain transactions performed in cash or that could involve money laundering, and that if it becomes necessary to make a money laundering disclosure while the Firm is acting for the Client, the Firm may not be able to inform the Client that a disclosure has been made or of the reasons for it. In order to comply with the law, the Firm must obtain from the Client evidence of the Client’s identity as soon as practicable. Thus, the Client must provide the Firm upon its request with documents on the basis of which the Firm would be able to verify the Client’s or the Client’s representative’s identity and address as well as other information, as required by law. The Client also acknowledges that the Firm may forward relevant information to credit institutions should credit institutions request such information to carry out anti money laundering and terrorism financing checks.
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PREVENTION OF MONEY LAUNDERING AND TERRORISM FINANCING. The management company shall assure that domestic authorized distributors are obliged to comply with the provisions of the law and ordinance on occupational dili- gence and due care (Sorgfaltspflichtgesetz, Sorgfaltspflichtverordnung) applicable in the Principality of Liechtenstein, as well as the FMA guidelines in the edition in force. To the extent that domestic distributors receive monies from investors, they are obliged, in their capacity as agents subject to due diligence obligations and in com- pliance with the Due Diligence Act and the Due Diligence Ordinance, to identify the subscriber and the beneficiary, to prepare a dossier on the business relationship, and to abide by all local laws related to the prevention on money laundering. Furthermore, the distributors and their sales agents shall respect all laws related to the prevention of money laundering and terrorism financing that apply in the respective countries of distribution.
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PREVENTION OF MONEY LAUNDERING AND TERRORISM FINANCING. Money laundering is the process of transforming illegal actions so that the resources appear legitimate and therefore enter the stream of commerce. It is not limited to cash transactions, but can include monetary instruments and other income from illicit activities. Terrorist financing includes the financing of terrorists, terrorist acts, and terrorist organizations. Terrorist financing can involve resources from both illegitimate and legitimate sources. Everyone in the UNIVERSITY LINE must comply with applicable laws and pay special attention to cases where there are indications of lack of integrity of the persons, or entities, with whom business relationships are maintained, among others, unusual payments, paying attention to the nature of the transaction. This act also includes payments: • For or by third parties not provided for in the contract; • For persons or entities resident in tax xxxxxx; • For bank accounts in offices located in tax xxxxxx; • For entities for which it is not possible to identify the partners or the beneficiaries; • Extras not foreseen in the contracts. Except in exceptional cases, with express authorization and traceable documented proof, the UNIVERSITY LINE does not allow payments with cash. Employees must report any suspicions in this regard to their superiors or to the Compliance Manager.
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PREVENTION OF MONEY LAUNDERING AND TERRORISM FINANCING. The Client hereby acknowledges that it is aware of the fact that all attorneys and lawyers as professional advisers are obliged to abide by the applicable rules on prevention of money laundering and terrorism financing, that the Firm is obliged to inform the respective authorities of certain transactions performed in cash or that could involve money laundering, and that if it becomes necessary to make a money laundering disclosure while the Firm is acting for the Client, the Firm may not be able to inform the Client that a disclosure has been made or of the reasons for it. In order to comply with the law, the Firm must obtain from the Client evidence of the Client’s identity as soon as practicable. Thus, the Client must provide the Firm upon its request with documents on the basis of which the Firm would be able to verify the Client’s or the Client’s representative’s identity and address as well as other information, as required by law. The Client also acknowledges that the Firm may forward relevant information to credit institutions should credit institutions request such information to carry out anti money laundering and terrorism financing checks. Data Protection The Firm, acting as a data controller will process the generic knowledge, information and documentation as well as personal data for the purposes of (i) providing legal advice and services; (ii) client relations management and marketing; (iv) complying with legal obligations; (v) improving the services of the Firm. The processed information and data may be related to Client or its representatives, companies, affiliates, divisions, employees, officers or partners. For more information on data protection and your rights please refer to our Privacy Policy at xxxxx://xxxxx.xxxxx/privacy-policy/. For the purposes of communication and marketing, the Firm may identify the Client as a client of the Firm, disclose the general nature of provided assistance and send client satisfaction surveys and other useful information, unless the Client objects to such identification and marketing messages in the Agreement or expresses its objection by contacting us at xxxxxxx@xxxxx.xx. Such communication and marketing shall be conducted in accordance with the applicable rules of the Bar.
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PREVENTION OF MONEY LAUNDERING AND TERRORISM FINANCING. 32.1 You acknowledge that:
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PREVENTION OF MONEY LAUNDERING AND TERRORISM FINANCING. APPLICABLE SANCTIONS
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Related to PREVENTION OF MONEY LAUNDERING AND TERRORISM FINANCING

  • Anti-Money Laundering To help the United States government fight the funding of terrorism and money laundering, the federal laws of the United States requires all financial institutions to obtain, verify and record information that identifies each person with whom they do business. This means we must ask you for certain identifying information, including a government-issued identification number (e.g., a U.S. taxpayer identification number) and such other information or documents that we consider appropriate to verify your identity, such as certified articles of incorporation, a government-issued business license, a partnership agreement or a trust instrument.

  • ANTI-TERRORISM The Contractor agrees to undertake all reasonable efforts to ensure that none of the UNDP funds received under the Contract is used to provide support to individuals or entities associated with terrorism and that recipients of any amounts provided by UNDP hereunder do not appear on the list maintained by the Security Council Committee established pursuant to Resolution 1267 (1999). The list can be accessed via xxxxx://xxx.xx.xxx/sc/suborg/en/sanctions/1267/aq_sanctions_list. This provision must be included in all sub-contracts or sub-agreements entered into under the Contract.

  • Money Laundering The operations of the Company and its Subsidiaries are and have been conducted at all times in compliance with applicable financial record-keeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, applicable money laundering statutes and applicable rules and regulations thereunder (collectively, the “Money Laundering Laws”), and no Action or Proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any Subsidiary with respect to the Money Laundering Laws is pending or, to the knowledge of the Company or any Subsidiary, threatened.

  • Anti-Terrorism Laws (i) None of the Borrower or any of its Affiliates is in violation of any laws or regulations relating to terrorism or money laundering (“Anti-Terrorism Laws”), including Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (the “Executive Order”) and the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56.

  • Money Laundering Laws The operations of the Company and its subsidiaries are, and have been conducted at all times, in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar applicable rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the Money Laundering Laws is pending or, to the best knowledge of the Company, threatened.

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