Common use of Freezing of the Payment Account Clause in Contracts

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.