Common use of Verification of Customer Identity Clause in Contracts

Verification of Customer Identity. 4.1 At the time of opening the Deposit Account and on a regular basis thereafter, the Bank will verify the Customer’s identity in accordance with all relevant Japanese and foreign laws and regulations including the Act on Prevention of Transfer of Criminal Proceeds, and requests by public organisations such as national governments, in view of the international initiatives for the prevention of financial crimes such as money laundering and financing of terrorist activities.