Freezing of the Payment Account Sample Clauses

Freezing of the Payment Account. In application of the screening measures used by Lemonway (based in particular on the internal sanctions and politically exposed persons lists), a Payment Account may be frozen immediately by Lemonway in case of risk of fraud, money laundering or financing of terrorism or risk that may affect the security of the Payment Account. The Payment Account may be unfrozen after complete due diligence of Lemonway’s AML-CFT team, and the funds shall be handled in accordance with the measures provided by the French Treasury Department.
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Freezing of the Payment Account. Upon discovery of the loss or theft of their Login Information, or of fraudulent use of their Payment Account, the Submerchant must immediately inform CashSentinel to block access to their Personal Space and Payment Account, and stop payment. This stop-payment request must be made by a phone call, during business hours, to CashSentinel at +00 0 00 00 00 00. Acknowledgement by a message in the CashSentinel Portal or an e-mail regarding the stop-payment by CashSentinel will be considered as notification of the Submerchant’s stop-payment request. The stop-payment request must be confirmed by registered letter with acknowledgement of receipt and sent to the following address: 00 xxxxx xx xx Xxxxxxxxxx 00000 Xxxxx, Xxxxxx. CashSentinel will process the stop-payment request upon being notified. The Submerchant will be contacted by the support team that acknowledges receipt of said request and sends a notification confirming the stop-payment as confirmation thereof. The stop- payment request is recorded and time-stamped. CashSentinel will keep a trace of the stop payment for eighteen (18) months and provide it to the Submerchant on request during this same period. CashSentinel cannot be held liable for the consequences of a stop-payment request made by someone other than the Submerchant. In case of theft or fraudulent use of the Login Information, CashSentinel is authorised to request a receipt or a copy of the complaint from the Submerchant. The Payment Account will be reactivated at the initiative of the Submerchant, as needed, following the procedure required for changing their Login Information. An e-mail is to be sent to the Submerchant confirming the removal of stop-payment and the change of password. CashSentinel and the Institution reserve the right to freeze the Payment Account in the following cases: • Suspicion of fraud by the Submerchant. • Suspicion of money laundering or financing of terrorism. • Measures taken by a government authority to freeze assets. • Chargeback or refund rate higher than stipulated in CashSentinel’s prudential rules. • If the actual beneficiary to the Submerchant is identified as a politically exposed person. • Ruling by a court or competent authority. Freezing the Account precludes any Payment Operation to be made on the Account, with the exception of Operations executed before the freezing of the Account and any Refund operations. The Submerchant is liable for fees owed to CashSentinel.
Sample 1

Related to Freezing of the Payment Account

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