Examples of Third party reliance in a sentence
Third party reliance under paragraph 9 of the Notice is different from an outsourcing arrangement or agreement.
Third party reliance A financial institution may rely on relevant third parties to complete certain customer due diligence ("CDD") measures, provided that there is a contractual arrangement in place with the third party and the third party provides all CDD information to the financial institution (but the document can be provided at a later stage and upon request) and undertakes to provide to the firm any CDD documents obtained as soon as practicable upon request pursuant to section 17D of the FIAMLA.
Third party reliance Vendor names on which the Bank depends on either to execute the aforementioned process or for the provision of systems or services.
Third party reliance under paragraph 9 of the Notice is different from an outsourcing arrangement or agreement.9-2 In a third party reliance scenario, the third party will typically have an existing relationship with the customer that is independent of the relationship to be formed by the customer with the relying approved trustee.
Third party reliance letters may be issued on request and upon payment of the, then current fee for such letters.
Each Party must agree to make an annual commitment of food assistance, expressed in terms of value or quantity, which should be made in fully grant form whenever possible.
Respondents to the EBA survey suggested that there was no consistent approach among Member States to accepting digital identification and verifying customers’ identity, with some Member States fostering the use of new technologies and some Member States being more reluctant.o Third party reliance: AMLD4 allows institutions to rely on third parties50 to fulfil certain CDD obligations.
Third party reliance – Unless expressly agreed by AMS, no third party may rely upon any work product provided under this Agreement.
Third -party reliance on this report is not intended and is explicitly prohibited.
Third party reliance (1) Subject to subsection (2), a reporting person may rely on third parties to perform CDD measures to comply with the requirements of section 17C, subject to such terms and conditions as may be prescribed.(2) Notwithstanding any other provision of this Act, a reporting person relying on a third party shall remain responsible for compliance with the requirements under this Act.17E.