Common use of Suspicious Transactions Clause in Contracts

Suspicious Transactions. The Bank is required, under penalty of criminal sanctions, to have due diligence on Transactions carried out by the Client. In accordance with the laws and regulations to which the Bank is subject, especially in the prevention of market abuses, money laundering and terrorism financing, the Client is informed that the Bank may be required to declare certain Transactions of the Client to different authorities.

Suspicious Transactions. The Bank is required, under penalty of criminal sanctions, to have due diligence on Transactions carried out by the Client. In accordance with the laws and regulations to which the Bank is subject, especially in the prevention of market abusesab uses, money laundering and terrorism financing, the Client is informed that the Bank may be required to declare certain Transactions of the Client to different authorities.

Suspicious Transactions. The Bank is required, under penalty of criminal sanctions, to have due diligence on Transactions carried out by the Client. In accordance with the laws and regulations to which the Bank is subject, especially in the prevention of market m arket abuses, money laundering and terrorism financing, the Client is informed that the Bank may be required to declare certain Transactions of the Client to different authorities.