PREVENTION OF MONEY LAUNDERING. Anti-Money Laundering and the Financing of Terrorism In order to comply with its legal obligations, the Insurer implements supervisory procedures intended for the fight against money laundering and the financing of terrorism and the application of financial penalties.
PREVENTION OF MONEY LAUNDERING. 30.1 BLUE SUISSE has a legal obl�gat�on to comply w�th the prov�s�ons of the Prevent�on of Money Launder�ng Act (Chapter 373 of the Laws of Malta) and regulat�ons made thereunder. In furtherance of such obl�gat�ons, �n the event that BLUE SUISSE has a susp�c�on of money launder�ng or fund�ng of terror�sm �n relat�on to the money or assets depos�xxx by the Customer or �ts Agent �t w�ll be obl�ged to commun�cate �ts susp�c�ons to the competent author�t�es. BLUE SUISSE could also be requ�red to, �nter al�a, block the money and assets of the Customer concerned. The Customer acknowledges that BLUE SUISSE �s bound to comply w�th the prov�s�ons of the Prevent�on of Money Launder�ng Act and regulat�ons made thereunder and agrees to prov�de BLUE SUISSE promptly upon the latter’s request, w�th such documents and �nformat�on wh�ch BLUE SUISSE may requ�re from t�me to t�me to ensure compl�ance w�th appl�cable prevent�on of money launder�ng leg�slat�on, �nclud�ng the Prevent�on of Money Launder�ng and Fund�ng of Terror�sm Regulat�ons, 2008 (Legal Not�ce 180 of 2008), and w�ll not�fy BLUE SUISSE of any updates or changes to such documents or �nformat�on prov�ded by the Customer or �ts Agent, �nclud�ng w�thout l�m�tat�on, the �dent�f�cat�on of the Customer, the �dent�f�cat�on of the benef�c�al owners, and deta�ls on the econom�c and bus�ness background and rat�onale of the bus�ness relat�onsh�p w�th BLUE SUISSE, as soon as �t becomes aware thereof.
PREVENTION OF MONEY LAUNDERING. The RIA shall use due diligence to learn the essential facts relative to every person or entity for whom orders for the purchase of Units are effected or solicited advisory service clients’ accounts are accepted and shall follow procedures that are at least equivalent to those required by the USA Patriot Act and regulations adopted thereunder on prevention of the use of the financial system for the purposes of money laundering as amended from time to time. In the event that PMG requires information or is required by any competent authority to provide information as to the identity of investors or in the event that any form of money laundering is suspected, the RIA agrees to make a full disclosure of such information to PMG and/or all appropriate authorities. Where the RIA is a resident in a country which is a member of the Financial Action Task Force, such disclosure shall be made to the extent provided by local law. The RIA will retain the evidence of verification of identity and records of all transactions for at least five years following the ending of the relationship with any person for whom orders for the subscription of Units have been affected. PMG reserves the right to seek and the RIA agrees to supply to PMG and/or any designated representative of them, without undue delay, such documentation as it may request in order to satisfy itself as to the essential facts relative to the RIA and any suspected or potential money laundering. If the RIA fails to supply such documentation as requested by PMG, each Issuer and/or representative of them within a reasonable period of time, this Agreement may be terminated at the sole discretion of PMG immediately in writing in accordance with clause 7 (except to the extent that PMG will not be required to give written notice of such termination). In the event that PMG and/or any representative of them is required by any competent authority to provide information as to the identity of the RIA or in the event that money laundering is suspected, the RIA agrees to make a full disclosure of all relevant information to PMG and/or all appropriate authorities. The RIA warrants and agrees to indemnify PMG and hold PMG harmless from and against all liabilities, losses, damages, claims and expenses, including attorneys' and other legal fees, in connection with the foregoing warranty.
PREVENTION OF MONEY LAUNDERING. 6.1 The Additional Selling Agent represents and warrants that it is aware of the requirements of the USA PATRIOT Act, the regulations administered by the U.S. Department of Treasury’s Office of Foreign Assets Control and other applicable federal anti-money laundering laws and regulations (collectively, the “AML Laws”), it has adopted and has in place anti-money laundering policies and procedures reasonably designed to verify the identity and source of funds of each subscriber to be introduced to the Partnership by the Additional Selling Agent such policies and procedures are properly enforced and are consistent with the AML Laws, and it will take all reasonable steps to assure itself that subscribers for Units introduced to the Partnership by the Additional Selling Agent are not individuals, entities or countries that may subject the Partnership, SUSA or SCM to criminal or civil violations of any AML Laws. In the event that SUSA, SCM or the Partnership requires information or is required by any competent authority to provide information as to the identity of investors or in the event that any form of money laundering is suspected, the Additional Selling Agent agrees to make a full disclosure of such information to SUSA and all appropriate authorities. The Additional Selling Agent will retain the evidence of verification of identity and records of all transactions for at least five years following the ending of the relationship with any person for whom orders for the subscription of Units have been effected.
PREVENTION OF MONEY LAUNDERING. 6.1 The Additional Selling Agent shall use due diligence to learn the essential facts relative to every person or entity for whom orders for the purchase of Units are effected and shall follow procedures that are at least equivalent to those required by the USA Patriot Act and regulations adopted thereunder on prevention of the use of the financial system for the purposes of money laundering as amended from time to time. In the event that SUSA or the Partnership requires information or is required by any competent authority to provide information as to the identity of investors or in the event that any form of money laundering is suspected, the Additional Selling Agent agrees to make a full disclosure of such information to SUSA and/or all appropriate authorities. Where the Additional Selling Agent is a resident in a country, which is a member of the Financial Action Task Force, such disclosure shall be made to the extent provided by local law. The Additional Selling Agent will retain the evidence of verification of identity and records of all transactions for at least five years following the ending of the relationship with any person for whom orders for the subscription of Units have been effected.
PREVENTION OF MONEY LAUNDERING. 1. The parties agree on the necessity of making every effort and cooperating in order to prevent the use of their financial systems for laundering of proceeds from criminal activities in general and drug offences in particular.
PREVENTION OF MONEY LAUNDERING. 6.1 The Additional Selling Agent shall use due diligence to learn the essential facts relative to every person or entity for whom orders for the purchase of Units are effected and shall follow procedures that are at least equivalent to those required by the USA Patriot Act and regulations adopted thereunder on prevention of the use of the financial system for the purposes of money laundering as amended from time to time. In the event that QAM requires information or is required by any competent authority to provide information as to the identity of investors or in the event that any form of money laundering is suspected, the Additional Selling Agent agrees to make a full disclosure of such information to QAM and/or all appropriate authorities. Where the Additional Selling Agent is a resident in a country which is a member of the Financial Action Task Force, such disclosure shall be made to the extent provided by local law. The Additional Selling Agent will retain the evidence of verification of identity and records of all transactions for at least five years following the ending of the relationship with any person for whom orders for the subscription of Units have been affected.
PREVENTION OF MONEY LAUNDERING. 11.1 The Selling Agent shall use due diligence to learn the essential facts relative to every person or entity (and the beneficial owners thereof) for whom or which orders for the purchase of Units are effected and shall follow procedures that are at least equivalent to those then-required by the USA Patriot Act and regulations adopted thereunder (and their successor laws, rules and regulations) on prevention of the use of the financial system for the purposes of money laundering. In the event that the General Partner requires information or is required by any competent authority to provide information as to the identity of investors or in the event that any form of money laundering is suspected, the Selling Agent agrees to make a full disclosure of such information to the General Partner, its representatives and all appropriate authorities. Where the Selling Agent is a resident in a country other than the United States which is a member of the Financial Action Task Force, such disclosure shall be made to the extent provided by local law. The Selling Agent will retain the evidence of verification of identity and records of all transactions for at least five years following the ending of the relationship with any person for whom or which orders for the subscription of Units have been effected.
PREVENTION OF MONEY LAUNDERING. 5.1 The Intermediary agrees to undertake all appropriate measures to comply with the Anti-Money Laundering Requirements.
PREVENTION OF MONEY LAUNDERING. FXDD has a legal obligation to comply with the provisions of the Prevention of Money Laundering Act (Chapter 373 of the Laws of Malta) and the regulations and implementing procedures made thereunder. In furtherance of such obligations, in the event that FXDD has a suspicion of money laundering or funding of terrorism in relation to the assets deposited by the Customer, it will be obliged to communicate its suspicions to the competent Maltese Authorities. FXDD could also be required to, inter-alia, block the assets of the Customer concerned. The Customer acknowledges that FXDD is bound to comply with the provisions of the Prevention of Money Laundering Act and the regulations and implementing procedures made thereunder and agrees to provide FXDD on request, with true, correct and complete information including without limitation, the identification of the contracting parties, the identification of the beneficial owner of the assets, and details on the economic and business background and rationale of the business, the source of wealth and source of funds, as well as any other information FXDD may reasonably require to comply with its legal obligations. In terms of the Prevention of Money Laundering Act, FXDD is required to requested updated know-your- customer information from its Customers on a regular basis, including obtaining updated copies of expired identification documents. FXDD retains the right to mark an account as Inactive if the information requested is not provided by the Customer within a reasonable time as requested.
