Common use of Where the Client Clause in Contracts

Where the Client. is a person other than as set out in clause 4.2 above, BCS may refuse to deal or at any time suspend dealing with the Client until BCS obtains evidence in the form and substance satisfactory to BCS, of the Underlying Customers and of the measures, systems, procedures and controls implemented by the Client for the prevention of money laundering and terrorist financing and the identification of the Client’s Underlying Customers similar to those laid down in the EU Directive and/or the local implementing legislation.