USA PATRIOT ACT Requirements Sample Clauses

USA PATRIOT ACT Requirements. TO HELP THE GOVERNMENT FIGHT THE FUNDING OF TERRORISM AND MONEY LAUNDERING ACTIVITIES, U.S. FEDERAL LAW REQUIRES FINANCIAL INSTITUTIONS TO OBTAIN, VERIFY, AND RECORD CERTAIN IDENTIFYING INFORMATION FROM ANY BUSINESS OR INDIVIDUAL SEEKING TO OPEN A NEW ACCOUNT. THE INFORMATION TSYS, ITS THIRD-PARTY SENDER, AND THE ODFI ARE REQUIRED TO OBTAIN AND VERIFY INCLUDES NAME, ADDRESS, DATE OF BIRTH FOR INDIVIDUALS, AND OTHER INFORMATION THAT WILL ALLOW THE ODFI TO IDENTIFY MERCHANT.
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USA PATRIOT ACT Requirements. To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires all financial institutions to obtain, verify, and record information that identifies each person (including business entities) who opens an account. What this means: When Merchant opens an account, Bank will ask for the applicant’s name, physical address, date of birth, taxpayer identification number, and other information that will allow Bank to identify the applicant. Bank may also ask to see the applicant’s driver’s license or other identifying documents. Bank will advise Merchant if additional information is required.
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USA PATRIOT ACT Requirements. TO HELP THE GOVERNMENT FIGHT THE FUNDING OF TERRORISM AND MONEY LAUNDERING ACTIVITIES, U.S. FEDERAL LAW REQUIRES FINANCIAL INSTITUTIONS TO OBTAIN, VERIFY, AND RECORD CERTAIN IDENTIFYING INFORMATION FROM ANY BUSINESS OR INDIVIDUAL SEEKING TO OPEN A NEW ACCOUNT. THE INFORMATION TRANSFIRST AND THE ODFI ARE REQUIRED TO OBTAIN AND VERIFY INCLUDES NAME, ADDRESS, DATE OF BIRTH FOR INDIVIDUALS, AND OTHER INFORMATION THAT WILL ALLOW THE ODFI TO IDENTIFY MERCHANT.
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USA PATRIOT ACT Requirements. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
Sample 1
USA PATRIOT ACT Requirements. Such Person shall provide information and documentation necessary to comply with Section 326 of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).
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Related to USA PATRIOT ACT Requirements

  • USA PATRIOT Act, Etc The Administrative Agent and the Lenders shall have received all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act, for each Loan Party.

  • USA PATRIOT Act Notice Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the Act.

  • USA PATRIOT Act The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act.

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