Sanctions Program definition

Sanctions Program has the meaning set forth in Section 4.26.

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Sanctions Program means any of the sanctions programs and related requirements of Law administered by (a) the U.S. government, including those administered by the Treasury Department’s Office of Foreign Assets Control or the U.S. Department of State, or (b) the Government of Canada, the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom, in each case, as renewed, extended, amended, or replaced.

Sanctions Program means any of the sanctions programs and related Requirements of Law administered by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State, or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom, in each case, as renewed, extended, amended or replaced.

Examples of Sanctions Program in a sentence

• The Bank shall use the definitions provided in the applicable rules and regulations promulgated under the Bank Secrecy Act and/or the Bank’s AML and Sanctions Program to determine what activity may be suspicious.

• Any suspicious activity identified shall be reported, in accordance with the Bank’s AML and Sanctions Program, to the Bank’s Global Chief AML Officer who shall take any required action under applicable law and/or the Bank’s AML and Sanctions Program.

• The Bank reserves the right to screen new and existing Authorized Participants, UBOs and Controlling Parties against such other sanction-related lists as may be required by the Bank’s AML and Sanctions Program from time to time.

• The Bank reserves the right to screen new and existing Fund Investors, UBOs and Controlling Parties against such other sanction-related lists as may be required by the Bank’s AML and Sanctions Program from time to time.

• Upon request by the Dealer Manager at any time, Participating Broker-Dealer hereby agrees to (i) furnish a written copy of its AML Program and Sanctions Program to the Dealer Manager for review, and (ii) furnish a copy of the findings and any remedial actions taken in connection with Participating Broker-Dealer’s most recent independent testing of its AML Program and/or its Sanctions Program.

• The term “Restricted Nation” means any country, individual, group or organization on the U.S. Department of Treasury's Office of Foreign Assets Control's Country Sanctions Program or list of Specially Designated Nationals, or the U.S. Department of Commerce's Bureau of Export Administration's List of Denied Persons, as each may be amended from time to time.

• Dealer represents and warrants that it has established and implemented a program for compliance with U.S. sanctions laws and regulation promulgated by the U.S. Department of the Treasury’s Office of Foreign Assets Control or any other U.S. governmental entity (such sanctions, regulations and laws, together with any supplement or amendment thereto, the “U.S. Sanctions Laws”) (the “Sanctions Program”) and will continue to maintain the Sanctions Program during the term of this Agreement.

• That Sanctions Program includes reasonable steps designed to prevent Digital Assets, Orders or transactions from being directly derived from or knowingly associated with persons, entities or countries that are the target or subject of sanctions or any country embargoes, in violation of any Sanctions Laws.

• The Dealer Manager represents, warrants, and covenants that it will immediately notify the Company in writing of any known or suspected violations of the AML Laws, U.S. Sanctions Laws, the AML Program, or the Sanctions Program (i) made or caused in relation to any Offering made pursuant to this Agreement or (ii) that could be expected to cause the Company to violate AML Laws or U.S. Sanctions Laws.

• Upon request by the Company at any time, Dealer Manager hereby agrees to furnish (i) a written copy of its AML Program and Sanctions Program to the Company for review and (ii) a copy of the findings of, and any remedial actions taken in connection with the Adviser’s most recent independent testing of its AML Program and/or its Sanctions Program.

More Definitions of Sanctions Program

Sanctions Program means any OFAC economic sanction program (including, without limitation, programs related to Crimea, Cuba, Iran, North Korea, Sudan and Syria).

Sanctions Program means an OFAC-administered economic sanctions program that targets threats to the U.S. national security, foreign policy or economy and pursuant to which targets are identified through legislation, by Executive Order and/or in the Foreign Assets Control Regulations, 31 CFR, Subtitle B, Chapter V.

Sanctions Program means any body of law, regulation, statute, official embargoes or any other measure of any kind that imposes a Sanction or Sanctions as defined;

Sanctions Program means all economic or financial sanctions or trade embargoes imposed or any other sanctions programs, administered or enforced from time to time by (A) the U.S. Government, or (B) the United Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority. “Sanctioned Person” means, at any time, (A) any Person subject to or listed as a designated Person under any Sanctions Program, (B) any Person operating, organized or resident in a Sanctioned Country or (C) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (A) or (B). “Sanctioned Country” means, at any time, a country, region or territory which is itself the subject or target of any “Sanctions Program.”

Sanctions Program has the meaning given to it in clause 19.12 (Sanctions).

Sanctions Program has the meaning set forth in Section 2.27(a).