Common use of PREVENTION OF MONEY LAUNDERING Clause in Contracts

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. 30.1 BLUE SUISSE Blue Su�sse 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 Blue Su�sse 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 Blue Su�sse could also be requ�red to, �nter al�a, block the money and assets of the Customer concerned. The Customer acknowledges that BLUE SUISSE Blue Su�sse �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 Blue Su�sse promptly upon the latter’s request, w�th such documents and �nformat�on wh�ch BLUE SUISSE Blue Su�sse 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 Blue Su�sse 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 SUISSEBlue Su�sse, as soon as �t becomes aware thereof.. Blue Su�sse Corporate Account Aggrement Documents Vers�on: BSCMACAAD 4.0 Blue Su�sse Ltd. Tel +000 0000 0000 Cornerstone Bus�ness Centre Fax +000 0000 0000 Level 2, Su�te 1, 16th September Square �nfo@bluesu�xxx.xxx Mosta, MALTA www.bluesu�xxx.xxx

PREVENTION OF MONEY LAUNDERING. 30.1 29.1 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.