KYC Procedures definition
KYC Procedures means the Account Bank’s procedures relating to the verification of the identity (including, if applicable, beneficial ownership) and business of its potential and existing clients.
KYC Procedures means any and all applicable “know your customer” due diligence, anti-money laundering, anti-corruption, counter terrorism financing, anti-bribery or other similar checks, processes and procedures, whether resulting from any internal requirement of Satair or from the operation of any applicable law (including without limitation any Applicable Legislation).
KYC Procedures means Know Your Client procedures in respect of identification and verification of identities of clients
Examples of KYC Procedures in a sentence
During the Probation Period the Client’s access to the Online Trading Facility shall be more or less limited depending, inter alia, on the amount of funds deposited by the Client, as described in the Know Your Customer (KYC) Procedures section of the Agreement.
Upon Bank’s request, you agree to immediatelyfurnish to Bank copies of your KYC Procedures and relevant information relating to your Clients.
The Issuer Account Bank will process such information for the purpose of carrying out its KYC Procedures and will keep it secure and confidential.
In addition, upon Bank’s request and during normal business hours, Bank’s regulators and/or auditors shall have access to your records relating to Clients to determine your compliance with the KYC Procedures and OFAC rules and regulations.
You have determined that providing the Service to Clients and all related transactions are in compliance with your KYC Procedures and are conducted in compliance with applicable rules and regulations of the Office of Foreign Asset Controls (“OFAC”).
More Definitions of KYC Procedures
KYC Procedures means the Escrow Agent’s procedures relating to the verification of the identity (including, if applicable, beneficial ownership) and business of its potential and existing clients.
KYC Procedures means the applicable customer identification procedures that we are required to undertake and complete in order to identify and verify you in accordance with our AML/CTF obligations. Initial Term means the Initial Term as set out in the Application. Insolvency Event means any of the following events:
KYC Procedures means the CBC Back-Up Account Bank's procedures relating to the verification of the identity (including, if applicable, beneficial ownership) and business of its potential and existing clients; ''Payment Instruction'' shall have the meaning given to such term in Clause 6.2 of this Agreement;
KYC Procedures means the Collateral Account Bank’s procedures relating to the verification of the identity (including, if applicable, beneficial ownership) and business of its potential and existing clients. Member State means a member state of the European Union.
KYC Procedures means the “know your customer” and “Customer Identification Program” policies, procedures and processes of Purchaser and its Affiliates as in effect from time to time and any equivalent procedures required under, or to comply with, applicable Law, in each case, including with respect to FCPA and any other applicable U.S. or foreign Law concerning anti-corruption, anti-bribery or anti-money laundering and consistent with the same applicable to other customers and users of Binance.US Platform.
KYC Procedures means “know your client” procedures, i.e. due diligence procedures conducted by the Company in accordance with applicable laws and regulations on anti-money laundering and countering of terrorism financing.
KYC Procedures means any applicable “know your customer” due diligence, including, anti-money laundering, anti-corruption, anti-bribery, counter terrorism financing, sanctions or other similar checks and procedures, whether resulting from any internal requirement of the Seller or from the operation of any Applicable Legislation. “Sanctions Authority” means the Government of the United States of America (including, without limitation, the Department of State, the Department of Commerce and the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury), the United Nations, the European Union, the United Kingdom or the government of any country with jurisdiction over the Seller. “Sanctioned Person” means: CT1706024 – Amended and Restated A350-900 Purchase Agreement – Amendment No. 4 – EXECUTION AM4-3 AIRBUS S.A.S. & UNITED AIRLINES, INC. – PROPRIETARY AND CONFIDENTIAL (a) any natural or legal person in any list of sanctioned persons of any Sanctions Authority (including the List of Specially Designated Nationals (SDN) and Sectoral Sanctions Identifications (SSI) List); or (b) any person directly or indirectly owned fifty percent (50%) or more, or Controlled by any one or several person(s) designated under (a) above. “Sanctions and Export Control Laws” means any laws or regulations that impose economic, trade or other restrictive measures, or provide for export or re-export licenses or other authorizations, in each case issued and enforced by a Sanctions Authority. “Sanctions Event” has the meaning set out in Clause 22.16.