Common use of Pursuant to the Money Laundering Control Act Clause in Contracts

Pursuant to the Money Laundering Control Act. Counter-Terrorism Financing Act, Regulations Governing Anti-Money Laundering of Financial Institutions, Regulations Governing Internal Audit and Internal Control System of Anti-Money Laundering and Countering Terrorism Financing of Banking Business and Other Financial Institutions Designated by the Financial Supervisory Commission, and Guidelines Governing Anti- Money Laundering and Combating the Financing of Terrorism by the Banking Sector (the same shall apply if the laws and regulations are renamed or amended), when signing the Agreement, handling subsequent transactions, and conducting relative reviews, including but not limited to the Principal, the legal representative/responsible person/assistant/authorized person of the Principal, legal persons, organizations, beneficial owners, or person who exercises control over the Principal or the legal representative/responsible person/assistant/authorized person of the Principal may be requested to provide information on the nature and purpose of the transaction and source of funds. Where the persons above refuse to provide necessary information (including but not limited to ID documents, register of shareholders, and list of senior executives), do not cooperate with the Bank's regular reviews, refuse to provide information on the beneficial owner or the person exercising control over the Principal and other necessary information, or are unwilling to explain the nature and purpose of transaction, or source of funds, the Bank's may temporarily suspend the transaction, temporarily suspend or terminate the business relationship, or bear no responsibility for compensation if the transaction continues.

Pursuant to the Money Laundering Control Act. Counter-Terrorism Financing Act, Regulations Governing Anti-Money Laundering of Financial Institutions, Regulations Governing Internal Audit and Internal Control System of Anti-Money Laundering and Countering Terrorism Financing of Banking Business and Other Financial Institutions Designated by the Financial Supervisory Commission, and Guidelines Governing Anti- Money Laundering and Combating the Financing of Terrorism by the Banking Sector (the same shall apply if the laws and regulations regulat ions are renamed or amended), when signing the Agreement, handling subsequent transactions, and conducting relative reviews, including but not limited to the Principal, the legal representative/responsible person/assistant/authorized person of the Principal, legal persons, organizationsorganizat ions, beneficial owners, or person who exercises control over the Principal or the legal representative/responsible person/assistant/authorized person of the Principal may be requested to provide information on the nature and purpose of the transaction and source of funds. Where the persons above refuse to provide necessary information (including but not limited to ID documents, register of shareholders, and list of senior executives), do d o not cooperate with the Bank's regular reviews, refuse to provide information on the beneficial owner or the person exercising control over the Principal and other necessary information, or are unwilling to explain the nature and purpose of transaction, or source of funds, the BankB ank's may temporarily suspend the transaction, temporarily suspend or terminate the business relationship, or bear no responsibility for compensation if the transaction continues.