AMLCO definition
Examples of AMLCO in a sentence
The Transfer Agent understands and acknowledges that the records the Transfer Agent maintains for the Fund relating to the AML Program may be subject, from time to time, to examination and/or inspection by (i) representatives of regulatory agencies and/or (ii) representatives of the Fund, including its AMLCO and any Fund auditors (collectively referred to herein as “Fund Agents”) in order that the Fund, Fund Agents and/or regulators may evaluate compliance with this AML Delegation and applicable AML Laws.
The Client shall deliver to Foreside a certified copy of resolutions of the Board appointing the CCO, AMLCO and PFO for each Fund and retaining Foreside hereunder and authorizing the execution and delivery of this Agreement.
In this case, FCS or FMS, as the case may be, will designate another of its employees, subject to approval of the Board and the Independent Directors, to serve as temporary CCO, AMLCO and/or PFO until the earlier of: (i) the designation of a new permanent CCO, AMLCO and/or PFO; or (ii) the termination of this Agreement.
If the Board removes the individual as the Client’s CCO, AMLCO and/or PFO for the Funds, FCS or FMS will designate another employee of FCS or FMS, subject to approval of the Board and the Independent Directors, to serve as temporary CCO, AMLCO and/or PFO until the earlier of: (i) the designation of a new permanent CCO, AMLCO and/or PFO; or (ii) the termination of this Agreement.
Upon request by the Trust's Anti-Money Laundering Compliance Officer ("AMLCO"), the Distributor will make available information relating to the identity and business of each broker-dealer firm that engages in the sales of shares of the Trust's mutual funds.
Upon request by the Trust's anti-money laundering compliance officer (the "AMLCO"), the Distributor will make available information relating to the identity and business of each broker-dealer firm that engages in the sales of shares of the Trust's mutual funds.
The AMLCO will: o Develop and maintain AML policies and procedures for the Fund, designed to meet the requirements of the Bank Secrecy Act and USA PATRIOT Act; o Review the adequacy of the Fund’s AML policies and procedures and the effectiveness of their implementation; and o Monitor and review AML responsibilities that have been delegated to the Fund’s service providers.
Foreside will make every reasonable effort to provide the services described in this Agreement; however, Foreside does not guarantee that work performed by Foreside or the CCO or AMLCO for the Fund Company would be favorably received by any regulatory agency but they will provide their reasonable efforts toward that goal.
Recurring annual fee $140,000 Base fee for the services of the Fund Company’s Corporate Secretary, CCO and AMLCO (invoiced monthly in arrears; subject to standard annual CPI-U adjustment).
The Client’s Board of Directors has designated ▇▇▇▇▇▇▇ ▇▇▇▇▇ as the Funds’ AMLCO.