KYC Procedures definition

KYC Procedures means the Account Bank’s procedures relating to the verification of the identity (including, if applicable, beneficial ownership) and business of its potential and existing clients.

KYC Procedures means any and all applicable “know your customer” due diligence, anti-money laundering, anti-corruption, counter terrorism financing, anti-bribery or other similar checks, processes and procedures, whether resulting from any internal requirement of Satair or from the operation of any applicable law (including without limitation any Applicable Legislation).

KYC Procedures means the “know your customer” and “Customer Identification Program” policies, procedures and processes of Purchaser and its Affiliates as in effect from time to time and any equivalent procedures required under, or to comply with, applicable Law, in each case, including with respect to FCPA and any other applicable U.S. or foreign Law concerning anti-corruption, anti-bribery or anti-money laundering and consistent with the same applicable to other customers and users of Binance.US Platform.

Examples of KYC Procedures in a sentence

• Subject to Seller’s providing the Acquired User Data in accordance with Section 6.6, and such Acquired User Data meeting the standards set forth in the KYC Procedures, as determined by Purchaser in its reasonable discretion, Purchaser shall cause an account to be opened for each User on the Binance.US Platform on or before the User Asset Migration Date.

• Seller and Purchaser shall offer (i) each eligible creditor pursuant to the Plan that is not a User (each, an “ Eligible Creditor” ) and (ii) each User the opportunity, subject to the consummation of the Closing and such User and Eligible Creditor meeting the requirements of the KYC Procedures and accepting the terms and conditions of the Binance.US Platform, to receive its Net Owed Coins or other Plan distribution through the Binance.US Platform in accordance with Section 6.12 and the Plan.

• In addition to the foregoing, if Seller has not provided or does not have Acquired User Data meeting such standards with respect to a particular User, if such User provides such information and documentation meeting the standards set forth in such KYC Procedures, as determined by Purchaser in its reasonable discretion, Purchaser shall cause an account to be opened for such User in accordance with its standard account opening procedures following its receipt of such information and documentation.

• Loans and Receivables Loans and receivables are generally carried at amortized cost.

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More Definitions of KYC Procedures

KYC Procedures means Know Your Client procedures in respect of identification and verification of identities of clients

KYC Procedures means the applicable customer identification procedures that we are required to undertake and complete in order to identify and verify you in accordance with our AML/CTF obligations. Initial Term means the Initial Term as set out in the Application. Insolvency Event means any of the following events:

KYC Procedures means the Escrow Agent’s procedures relating to the verification of the identity (including, if applicable, beneficial ownership) and business of its potential and existing clients.

KYC Procedures means the Collateral Account Bank’s procedures relating to the verification of the identity (including, if applicable, beneficial ownership) and business of its potential and existing clients. Member State means a member state of the European Union.

KYC Procedures means “know your client” procedures, i.e. due diligence procedures conducted by the Company in accordance with applicable laws and regulations on anti-money laundering and countering of terrorism financing.

KYC Procedures means the CBC Back-Up Account Bank's procedures relating to the verification of the identity (including, if applicable, beneficial ownership) and business of its potential and existing clients; ''Payment Instruction'' shall have the meaning given to such term in Clause 6.2 of this Agreement;

KYC Procedures means the “Know Your Customer” or customer identification procedures that must be undertaken before we provide you with our Services.