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. ARTICLE 10 -
Sample 1
AutoNDA by SimpleDocs

Related to The Bank's obligations in the area of Financial Crime Risk Management

  • FINANCIAL MANAGEMENT AND OVERSIGHT Measure 2a Is the school meeting financial reporting and compliance requirements?

  • Management and Financial Controls At all times, the School shall maintain appropriate governance and management procedures and financial controls which shall include, but not be limited to: (a) budgets, (b) accounting policies and procedures, (c) payroll procedures,

  • STANDARDS OF MANAGEMENT AND OPERATIONS In performing its obligations hereunder, during the term of this ESA, the Competitive Supplier shall exercise reasonable care to assure that its facilities are prudently and efficiently managed; that it employs an adequate number of competently trained and experienced personnel to carry out its responsibilities; that it delivers or arranges to deliver a safe and reliable supply of such amounts of electricity to the Point of Delivery as are required under this ESA; that it complies with all relevant industry standards and practices for the supply of electricity to Participating Consumers; and that, at all times with respect to Participating Consumers, it exercises good practice for a Competitive Supplier and employs Commercially Reasonable skills, systems and methods available to it.

  • Management and Operations of the Borrower Section 4.01. The Borrower shall carry on its operations and conduct its affairs in accordance with sound administrative, financial, engineering and public utility practices under the supervision of qualified and experienced management assisted by competent staff in adequate numbers.

  • Management and Operations 15.1 The Operator shall prepare an annual work programme and budget for each Calendar Year during the term of this Agreement. Each such work programme and budget shall set out in reasonable details, the work to be carried out, facilities to be purchased or created, training and employment programme, establishment, salaries and wages, social welfare schemes to be undertaken, and an estimate of the Expenditure to be incurred. The Operator shall present such work programme and budget to the Government and the Working Interest Owners before the start of each Calendar Year and thereafter provide a quarterly update on the implementation of such work programme and budget.

  • INSURANCE AND LIABILITIES TO THIRD PARTIES 8.1 The Contractor shall provide and thereafter maintain insurance against all risks in respect of its property and any equipment used for the execution of this Contract.

  • PROJECT FINANCIAL RESOURCES i) Local In-kind Contributions $0 ii) Local Public Revenues $0 iii) Local Private Revenues iv) Other Public Revenues: $0 - ODOT/FHWA $0 - OEPA $2,675,745 - OWDA $0 - CDBG $0 - Other $0 SUBTOTAL $2,675,745 v) OPWC Funds: - Loan $299,000 SUBTOTAL $299,000 TOTAL FINANCIAL RESOURCES $2,974,745

  • IMPACT ON CURRENT SERVICES (OR PROJECTS) There will be no negative impact on current County services or projects during the performance of the recommended services.

  • MANAGEMENT OF EVALUATION OUTCOMES 12.1 The evaluation of the Employee’s performance will form the basis for rewarding outstanding performance or correcting unacceptable performance.

  • Report of the Settlement Agreement to the Office of the Attorney General Of California

Time is Money Join Law Insider Premium to draft better contracts faster.