KYC Checks definition

KYC Checks means the “know-your-client” and other regulatory checks which the Issuer, the Swap Counterparty and the other Transaction Counterparties are required to complete (whether as a matter of regulation or internal policy) before making payments or having a commercial relationship with a person.
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KYC Checks means know-your-customer checks as required by the applicable laws, including but not limited to any applicable anti-money laundering rules and any applicable countering the financing of terrorism rules.
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KYC Checks means the Lender’s ‘know your customer’ or similar identification and verification checks and procedures required for the Lender to comply with the Anti-Money Laundering and Counter Terrorism Financing Act 2006 (Cth), the Anti-Money Laundering and Counter Terrorism Financing Rules and any other law or regulation of Australia or comparable law or regulation of another country, and to manage anti-money laundering, counter terrorism financing or economic and trade sanctions risk.
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Examples of KYC Checks in a sentence

  • Each Lender must promptly upon the Agent’s request supply to the Agent any documentation or other evidence that is reasonably required by the Agent to carry out and be satisfied with the results of all Applicable KYC Checks.

  • Each Lender must promptly upon the Facility Agent’s request supply to the Facility Agent any documentation or other evidence that is reasonably required by the Facility Agent to carry out and be satisfied with the results of all applicable KYC Checks.

  • Completion of the Financier's KYC Checks in respect of the Additional Obligor and any other person for whom the Financier reasonably believes that an applicable customer identification procedure must be conducted in connection with the Finance Documents and the transactions contemplated by those documents.


More Definitions of KYC Checks

KYC Checks means the Financier’s ‘know your customer’ or similar identification and verification checks and procedures required for the Financier to comply with any AML/CTF Laws, and to manage anti-money laundering, counter-terrorism financing or economic and trade sanctions risk.
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KYC Checks means obtaining information from a Person to verify the identity and address (and, where applicable, ownership and control) of the Person concerned (to the standard required by any law or regulation to which the Group Company is subject and the UK Financial Conduct Authority regulations) and to ensure that the person concerned is not a Prohibited Person;
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KYC Checks means the checking of KYC information by the Escrow Agent based on the required information to be submitted by Holders as set out in the relevant Acknowledgement, Undertaking and Subscription Form
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KYC Checks means, for a Beneficiary, the Beneficiary's 'know your customer' or similar identification and verification checks and procedures required for the Security Trustee to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), the Anti-Money Laundering and Counter-Terrorism Financing Rules and any other law or regulation of Australia or comparable law or regulation of another country, and to manage anti-money laundering, counter- terrorism financing or economic and trade sanctions risk. Lender has the meaning given to that term in the Credit Agreement.
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Related to KYC Checks

  • Substitute Check means a paper reproduction of an Item that satisfies the requirements and definition of "substitute check" set forth in Regulation CC.

  • Cash and Cash Equivalents means cash and cash equivalents in accordance with the Accounting Principles.

  • ACH Transactions means any cash management or related services (including the Automated Clearing House processing of electronic fund transfers through the direct Federal Reserve Fedline system) provided by a Bank Product Provider for the account of Parent or its Subsidiaries.

  • Excluded Accounts means (a) payroll accounts, (b) health savings accounts, worker’s compensation accounts and other employee benefits accounts, (c) payroll withholding tax accounts and other tax (including sales tax) remittance accounts and (d) any other account that is used solely as an escrow account or as a fiduciary or trust account and not otherwise prohibited under this Agreement or any other Loan Document.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).