AML Regulations definition
Examples of AML Regulations in a sentence
The Issuer shall not compel sales for failure to provide such other information or documentation as may be required under the Cayman AML Regulations unless the Issuer reasonably determines the Holder’s acquisition, holding or transfer of an interest in such Note would result in a materially adverse effect on the Issuer.
The AML Regulations include requirements to identify and report currency transactions and suspicious activity, to verify customer identity, to conduct customer due diligence, and to implement anti-money laundering compliance programs.
Intermediary will remain in compliance with the AML Regulations and OFAC sanctions programs at all times during which Intermediary sells and/or services Shares of the Fund.
In connection with the performance by Service Provider of the Delegated AML Services, Service Provider understands and acknowledges that the Trust remains responsible for assuring compliance with the AML Regulations, and that the records the Service Provider maintains for the Trust relating to the AML Program may be subject, from time to time, to examination and/or inspection by federal regulators in order that the regulators may evaluate such compliance.
Each Lender shall (i) provide the Borrower and its agents with any correct, complete and accurate information and documentation that the Borrower may require to achieve compliance with the Cayman AML Regulations and (ii) shall update or replace such information or documentation, as may be necessary.
By entering into this Agreement, opening an account and transacting with us, you undertake to promptly provide us with all additional information and assistance that we may reasonably require to comply with the AML Regulations.
You agree to provide (or cause to be provided to ICRA) all the information necessary to enable us to comply with AML Regulations.
It shall be a condition precedent to providing Services to the Funds under this Agreement and the Administrator shall have no liability for non-performance of its obligations under this Agreement unless it is satisfied, in its absolute discretion, that it has sufficient and appropriate information and material to discharge its obligations under the AML Regulations, and that the performance of such obligations will not violate any AML Regulations applicable to it.
The Company will, upon Distributor’s reasonable written request, but not more than once each year, certify that the Company complies with the AML Regulations and OFAC sanctions programs.
The Company will remain in compliance with the AML Regulations at all times during which Servicing Agent sells and/or services shares of the Fund.