PROCEEDS OF CRIME LEGISLATION. The Trustee acknowledges that the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations apply to the operation of the Account and that the Financial Institution will, from time to time, request information from the Trustee to address the reporting, record-keeping, client identification, and ongoing monitoring requirements of that legislation. The Trustee agrees to abide by and comply with all such requests.
Appears in 4 contracts
Samples: Personal Trust Contract, Personal Trust Contract, Personal Trust Contract
PROCEEDS OF CRIME LEGISLATION. The Trustee acknowledges that the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations apply to the operation of the Account and that the Financial Institution will, Credit Union will from time to time, request information from the Trustee time adopt policies and procedures to address the reporting, reporting and record-keeping, client identification, and ongoing monitoring keeping requirements of that legislation. The Trustee agrees to abide by and comply with all such requestslaws and procedures.
Appears in 2 contracts
Samples: Business Trust Account Agreement, Business Trust Account Agreement
