Common Contracts
1 similar Settlement Agreement contracts
SETTLEMENT AGREEMENTSettlement Agreement • May 5th, 2015
On the understandings specified below, the United States Attorney’s Office in the Northern District of California (the “Government”) will not criminally prosecute Ripple Labs Inc., a Delaware Corporation headquartered in San Francisco, California, and any and all subsidiaries of Ripple Labs Inc., (collectively “Ripple Labs” or the “Company”) for any of the conduct described in the Statement of Facts, attached as Attachment A. The Government enters into this Settlement Agreement (“Agreement”) based on the individual facts and circumstances presented by this case and the Company. Among the factors considered were the following: (a) the Company’s extensive cooperation with the Government; (b) the Company has committed to continue to enhance its pre-existing Anti-Money Laundering program and training and internal controls as set forth in Attachment B; (c) the Company has agreed to migrate a component of its business as set forth in Attachment B; and (d) the Company has agreed to continue t
