The Bank’s obligations in terms of Risk Management Sample Clauses

The Bank’s obligations in terms of Risk Management relating to Financial Crime The Bank and HSBC Group entities are required to comply with Obligations in terms of Compliance in the context of detecting, investigating and preventing Financial Crime and may take all measures that they deem appropriate in that respect (“Risk Management Activities relating to Financial Crime”). With regard more particularly to opening an account for a private individual residing in a country other than France and who corresponds to the definition of Politically Exposed Persons, as set out in articles L.561-10-2 and R.561-18 of the French Monetary and Financial Code, the Bank is also required to research the origin of assets and funds involved in the business relationship in parallel with its aforementioned obligations. The Bank has a duty to inform itself from its clients when a transaction seems unusual due, in particular, to its terms and conditions, amount or exceptional nature. In which case, the Client undertakes to provide the Bank with all information on this subject or to hand over the documents substantiating the transaction. The Client is advised that, in order to comply with its legal obligations, the Bank, in its capacity as transaction manager, instigates a monitoring system designed to prevent money laundering and the financing of terrorism. The Client is also advised that this information may be communicated, on their request, to official bodies and administrative or legal authorities. To the extent permissible by law, neither the Bank nor any other HSBC Group entity shall be liable to the Client or any third party for a financial loss when such loss results from measures taken in application of a legislative or regulatory text.
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Related to The Bank’s obligations in terms of Risk Management

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  • Miscellaneous Terms and Conditions The following terms and conditions also apply.

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