Common use of Financial Crime Risk Management Activity Clause in Contracts

Financial Crime Risk Management Activity. The Bank and the other members of the HSBC Group may take any action they consider appropriate in their sole and absolute discretion, to meet compliance obligations in connection with the detection, investigation and prevention of financial crime. Such action may include, but is not limited to: (a) screening, intercepting and investigating any instruction, communication, drawdown request, applications for accounts and/or services, or any payment sent to or by you, or on your behalf, (b) investigating the source of or intended recipient of funds, (c) combining customer information with other related information in the possession of the HSBC Group, (d) sharing customer information with other members of the HSBC Group and with, or at the direction of, government authorities, and/or (e) making further inquiries as to the status of a person or entity, whether they are subject to a sanctions regime, or confirming your identity and status. Neither the Bank nor any other member of the HSBC Group will be liable to you or any third party for any loss incurred by you or a third party in connection with the delaying, blocking or refusing of any payment or the provision of all or part of any services or otherwise as a result of financial crime risk management activity. If there is a conflict or inconsistency between these provisions and any other agreement between you and the Bank or another member of the HSBC Group, these provisions will prevail, and these provisions will continue to apply, even after any termination by the Bank or another member of the HSBC Group of any services to you or the closure of any of your accounts. Account Closing You can close your account at any time by notifying the Bank during normal business hours. The Bank also has the right to close your account at any time for any reason or no reason. If your account is closed, you remain responsible for any transactions you previously arranged for, including those that arrive after your account is closed and any which the Bank returns unpaid. If the Bank exercises its right to close your account, the Bank will send your final collected account balance, if applicable, and a final statement or notice to your most recent address as reflected in the Bank's records. The Bank may return unpaid any items presented on your account after it is closed. The Bank may charge you fees shown on the Terms and Charges Disclosure or similar fee schedule.