Common use of USA PATRIOT ACT Requirements Clause in Contracts

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.

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 TSYSTRANSFIRST, 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.

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 TSYSINFORMAT ION COMPANY, 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.