Common use of PROCEEDS OF CRIME LEGISLATION Clause in Contracts

PROCEEDS OF CRIME LEGISLATION. The Renter acknowledges that the Financial Institution is subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations and that the Financial Institution may, from time to time, request information from the Renter to address the reporting, record-keeping, client identification, and ongoing monitoring requirements of that legislation. The Renter agrees to abide by and comply with all such requests.

PROCEEDS OF CRIME LEGISLATION. The Renter acknowledges that the Financial Institution is subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations Regulations, as amended from time to time, and that the Financial Institution may, from time to time, request information from the Renter to address the reporting, record-keeping, client identification, and ongoing monitoring requirements of that legislation. The Renter agrees to abide by and comply with all such requests.