The Bank's obligations in the area of Financial Crime Risk Management Sample Clauses

The Bank's obligations in the area of Financial Crime Risk Management. The Bank and all members of the HSBC Group are required to meet Compliance Obligations in connection with the detection and prevention of Financial Crime and may take any measures they deem necessary in this regard (“Financial Crime Risk Management Activities”). The Bank is required to seek information from its customers regarding transactions which it regards as unusual, namely owing to the terms, amount or exceptional nature thereof. In such a case, you agree to supply the Bank with all the relevant information on the matter or to submit documents justifying the transaction. You are informed that to meet its legal obligations, the Bank, as the party responsible for processing these transactions, has set up a monitoring system for the purposes of combating money laundering and the financing of terrorism. You are also informed that this information may also be disclosed to official bodies and administrative or the judiciary authorities at their request. To the extent permitted by law, neither the Bank nor any member of the HSBC Group shall be liable to you or to any third party for financial loss suffered or incurred by you or a third party stemming from measures taken to comply with a piece of legislation or a regulation.
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Related to The Bank's obligations in the area of Financial Crime Risk Management

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