Common use of Required Items Clause in Contracts

Required Items. As part of the audit, the auditor shall: * test all affected areas to obtain reasonable assurance that the AML Compliance Officer and Fund officers understand and are complying with anti-money laundering policies and procedures; * annually review the flow of investor funds, account and trading information into and within and among the Funds to determine whether additional elements should be added to the Program; * review contractual arrangements with Service Providers and the AML Compliance Officer's ongoing evaluation of compliance by Service Providers with their own anti-money laundering programs; * review the suspicious activity referral, investigation and reporting process; * review and test compliance with the recordkeeping and record retention procedures; and * review the substantive adequacy of the training sessions.

Required Items. As part of the audit, the auditor shall: * test all affected areas to obtain reasonable assurance that the AML Compliance Officer and Fund officers understand and are complying with anti-money laundering policies and procedures; * annually review the flow of investor funds, account and trading information into and within and among the Funds to determine whether additional elements should be added to the Program; * review contractual arrangements with Service Providers and the AML Compliance Officer's ongoing evaluation of compliance by Service Providers with their own anti-money laundering programs; * review the suspicious activity referral, investigation and reporting process; * review and test compliance with the recordkeeping and record retention procedures; and * review the substantive adequacy of the training sessions.