AML Reporting. Ultimus agrees to provide anti-money laundering services to the Trust’s direct shareholders and to operate the Trust’s customer identification program for these shareholders, in each case in accordance with the written procedures developed by Ultimus and adopted or approved by the Trust’s Board of Trustees (the “Board”) and with applicable law and regulations.
AML Reporting. Uxxxxxx agrees to provide anti-money laundering services to the Trust’s direct shareholders and to operate the Trust’s customer identification program for these shareholders, in each case in accordance with the written procedures developed by Uxxxxxx and adopted or approved by the Board and with applicable law and regulations.
AML Reporting. On a quarterly basis, the Transfer Agent shall provide a report to the Fund on its performance of the AML Delegated Duties, among other compliance items, which report shall include information regarding the number of: (i) potential incidents involving unusual or suspicious activity, (ii) SARs and other reports or notices filed on behalf of the Fund, (iii) outstanding customer verification items, and (iv) potential and confirmed matches against the “Known Offender”, OFAC database and PEP database. Notwithstanding anything in this Section 4.3 to the contrary, the Transfer Agent reserves the right to amend and update the form of its AML reporting from time to time to comply with new or amended requirements of applicable law or to enhance its compliance program.
AML Reporting. (a) On a quarterly basis, the Transfer Agent shall provide a report to the Fund on its performance of the AML Delegated Duties, among other compliance items, which report shall include information regarding the number of: (i) potential incidents involving cash and cash equivalents or unusual or suspicious activity, (ii) Forms 8300 and SARs filed on behalf of the Fund, (iii) outstanding customer verification items, (iv) potential and confirmed matches against the known offender and OFAC databases and (v) potential and confirmed matches in connection with FinCen requests. Notwithstanding anything in this Section 4.3(a) to the contrary, the Transfer Agent reserves the right to amend and update the form of its AML reporting from time to time to comply with new or amended requirements of applicable law or to enhance its Compliance+ program.
AML Reporting. Xxxxxxx agrees to provide anti-money laundering services with respect to the Fund’s direct shareholders and to operate the Fund’s customer identification program with respect to these shareholders, in each case in accordance with the written procedures developed by Xxxxxxx and adopted or approved by the Board and with applicable law and regulations. Notwithstanding the foregoing, Ultimus’ ability, and therefor its obligation, to perform anti-money laundering services with respect to the Fund’s direct shareholders and to operate the Fund’s customer identification program with respect to these shareholders, shall be wholly-dependent upon its timely receipt from Poolit of all information necessary in Ultimus’ sole determination to properly perform such services, and, should Ultimus determine it to be necessary, Ultimus may require Poolit to provide, and Poolit hereby agrees to provide, Xxxxxxx with such additional information as Xxxxxxx determines is necessary to properly perform such services. Any failure by Poolit to provide Ultimus with such information shall be a material breach of the Agreement. As a condition to Xxxxxxx agreeing to provide the aforementioned anti-money laundering services, Poolit further agrees to verify the authenticity of financial information collected via the Poolit maintained investor portal by running the same through the Plaid verification system before any such information is provided to Ultimus. Poolit Private Equity Access Fund, Inc.
AML Reporting. (a) On a quarterly basis, the Transfer Agent shall provide a report to the Fund on its performance of the AML Delegated Duties, among other compliance items, which report shall include information regarding the number of: (i) potential incidents involving unusual or suspicious activity, (ii) SARs filed on behalf of the Fund, (iii) outstanding customer verification items, (iv) potential and confirmed matches against the “Known Offender”, OFAC and PEP databases and (v) potential and confirmed matches in connection with FinCEN requests. Notwithstanding anything in this Section 4.3(a) to the contrary, the Transfer Agent reserves the right to amend and update the form of its AML reporting from time to time to comply with new or amended requirements of applicable law or to enhance its Compliance+ program. Notice of any AML reporting amendments will be provided to the Fund promptly.
AML Reporting. Ultimus agrees to provide anti-money laundering services to the Fund’s direct shareholders and to operate the Fund’s customer identification program for these shareholders, in each case in accordance with the written procedures developed by Ultimus and adopted or approved by the Board and with applicable law and regulations. Notwithstanding the foregoing, the parties acknowledge and agree that Ultimus shall have no responsibility for determining an investor’s eligibility to invest in the Fund, including, without limitation any determination as to an investor’s status as an “Eligible Investor” as that term is or may be defined in the Fund’s then-current prospectus; nor shall Ultimus be responsible for making any determination as to the suitability of the Fund’s shares as an investment for any prospective investor.
AML Reporting. (a) On a quarterly basis, the Transfer Agent shall provide a report to the Fund on its performance of the AML Delegated Duties, among other compliance items, which report shall include information regarding the number of: (i) potential incidents involving unusual or suspicious activity, (ii) SARs filed on behalf of the Fund, (iii) outstanding customer verification items, (iv) potential and confirmed matches against the “Known Offender”, OFAC and PEP databases and (v) potential and confirmed matches in connection with FinCEN requests. Notwithstanding anything in this Section 4.3(a) to the contrary, the Transfer Agent reserves the right to amend and update the form of its AML reporting from time to time to comply with new or amended requirements of applicable law or to enhance its Compliance+ program. Notice of any AML reporting amendments will be provided to the Fund promptly.
AML Reporting. Ultimus agrees to provide anti-money laundering services to the Fund’s direct shareholders and to operate the Fund’s customer identification program for these shareholders, in each case in accordance with the written procedures developed by Ultimus and adopted or approved by the Board and with applicable law and regulations. Notwithstanding the foregoing, the parties acknowledge and agree that Ultimus shall have no responsibility for determining an investor’s eligibility to invest in the Fund, including, without limitation any determination as to an investor’s status as an “Eligible Investor” as that term is or may be defined in the Fund’s then-current prospectus; nor shall Ultimus be responsible for making any determination as to the suitability of the Fund’s shares as an investment for any prospective investor.
