Transaction Monitoring and Suspicious Activity Reporting Sample Clauses

Transaction Monitoring and Suspicious Activity Reporting. The Bank shall maintain internal controls and procedures reasonably designed to monitor transactions in Authorized Participant accounts using a risk- based approach. The Bank shall use the definitions provided in the applicable rules and regulations promulgated under the Bank Secrecy Act and/or the Bank’s AML and Sanctions Program to determine what activity may be suspicious. Any suspicious activity identified shall be reported, in accordance with the Bank’s AML and Sanctions Program, to the Bank’s Global Chief AML Officer who shall take any required action under applicable law and/or the Bank’s AML and Sanctions Program. The Bank’s AML Compliance Officer supporting the Transfer Agent will determine whether information related to the activity in question may be shared with the Fund’s Designated Contact. Notwithstanding the foregoing and for the avoidance of doubt, the Bank will not disclose any information that would reveal the existence of a SAR.
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Transaction Monitoring and Suspicious Activity Reporting. The Bank shall maintain internal control procedures to monitor transactions in Fund Investor accounts using a risk-based approach. The Bank shall use the definitions provided in the applicable rules and regulations promulgated under the Bank Secrecy Act to determine what activity may be suspicious. Any suspicious activity identified shall be reported to the Bank’s AML Compliance Officer who shall take the necessary action under the Bank’s AML Program and provide the Fund’s Designated Contact with all available information related to the activity in question. The Bank’s AML Officer will determine whether it is appropriate to file a SAR on behalf of the Bank.
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Transaction Monitoring and Suspicious Activity Reporting. The Bank shall monitor transactions in customer accounts using a risk-based approach. The Bank shall use the definitions provided in the applicable rules and regulations promulgated under the Bank Secrecy Act to determine what activity may be suspicious. Any suspicious activity identified shall be reported to the Bank’s AML Compliance Officer who shall provide the applicable Fund’s AML Compliance Officer with all available information related to the activity in question. A Fund’s AML Compliance Officer shall be responsible for determining whether to file a Suspicious Activity Report (“SAR”) on behalf of the Fund and for the completion of any such filing. If appropriate, the Bank’s AML Compliance Officer will then ensure a SAR is properly filed on behalf of the Bank. Each party will ensure it has appropriate section 314(b) certifications on file to permit such sharing of information.
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Transaction Monitoring and Suspicious Activity Reporting. The Bank shall maintain internal control procedures to monitor transactions in Fund Investor accounts using a risk-based approach. The Bank shall use the definitions provided in the applicable rules and regulations promulgated under the Bank Secrecy Act to determine what activity may be suspicious. Any suspicious activity identified shall be reported to the Bank’s AML Compliance Officer who shall take the necessary action under the Bank’s AML Program. The Bank’s AML Compliance Officer will determine whether information related to the activity in question may be shared with the Fund’s Designated Contact. The Bank’s AML Compliance Officer will determine whether it is appropriate to file a suspicious activity report (“SAR”) on behalf of the Bank. Any such SAR will be filed with the applicable regulatory agencies within established regulatory agency deadlines. In addition, the Bank’s AML Compliance Officer may share a SAR with the relevant Fund’s AML Compliance Officer provided that: (1) a sharing agreement has been executed between the Fund and the Bank; (2) the Bank’s AML Compliance Officer can ascertain that the Fund’s AML Officer was not a party to the suspicious activity that is the subject of the SAR; and (3) the confidentiality requirements set forth in Paragraph (d) below will be met.
Sample 1
Transaction Monitoring and Suspicious Activity Reporting. The Bank shall maintain internal control procedures to monitor transactions in Trust Investor accounts using a risk-based approach. The Bank shall use the definitions provided in the applicable rules and regulations promulgated under the Bank Secrecy Act and/or the Bank’s AML Program to determine what activity may be suspicious. Any suspicious activity identified shall be reported to the Bank’s AML Officer who shall take any required action under applicable law and/or the Bank’s AML Program. The Bank’s AML Compliance Officer will determine whether information related to the activity in question may be shared with the Trust’s Designated Contact.
Sample 1
Transaction Monitoring and Suspicious Activity Reporting. USBFS will monitor transactions in Fund Customer accounts using a risk-based approach. Any suspicious activity identified will be reported to USBFS’s AML Compliance Officer who will provide this information to the Trust’s AML Compliance Officer. The Trust and USBFS will then each independently determine whether to file a Suspicious Activity Report on their own behalf. Each party will ensure it as appropriate section 314(b) certifications on file to permit such sharing of information.
Sample 1

Related to Transaction Monitoring and Suspicious Activity Reporting

  • Incident Reporting Transfer Agent will use commercially reasonable efforts to promptly furnish to Fund information that Transfer Agent has regarding the general circumstances and extent of such unauthorized access to the Fund Data.

  • Monitoring and Reporting 3.1 The Contractor shall provide workforce monitoring data as detailed in paragraph 3.2 of this Schedule 8. A template for data collected in paragraphs 3.2, 3.3 and 3.4 will be provided by the Authority. Completed templates for the Contractor and each Sub-contractor will be submitted by the Contractor with the Diversity and Equality Delivery Plan within six (6) Months of the Commencement Date and annually thereafter. Contractors are required to provide workforce monitoring data for the workforce involved in delivery of the Contract. Data relating to the wider Contractor workforce and wider Sub-contractors workforce would however be well received by the Authority. Contractors and any Sub-contractors are required to submit percentage figures only in response to paragraphs 3.2(a), 3.2(b) and 3.2(c).

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