PREVENTION OF MONEY LAUNDERING AND THE FINANCING OF TERRORISM Sample Clauses

PREVENTION OF MONEY LAUNDERING AND THE FINANCING OF TERRORISM. 8.1. The movement of money through the PosoMoney System which is or which forms part of the proceeds of any crime or which is intended to facilitate, aid or finance the commission of any crime is expressly prohibited.
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PREVENTION OF MONEY LAUNDERING AND THE FINANCING OF TERRORISM. The Establishment undertakes to provide Comercia Global Payments with the information and documentation that, where appropriate, it may require to identify the client and apply the due diligence measures established by the regulations on the prevention of money laundering and on the financing of terrorism in compliance with the obligations that for Comercia Global Payments derive from said regulations. The Establishment is also obliged to communicate any changes to the information declared at the time of registration in order that said information and documentation can be updated. The Establishment must collaborate in the prevention and detection of any criminal activity related to money laundering.
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PREVENTION OF MONEY LAUNDERING AND THE FINANCING OF TERRORISM. 14.1 The transfer of funds through the Service which is or which forms part of the proceeds of any crime or which is intended to facilitate, aid or finance the commission of any crime is expressly prohibited.
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PREVENTION OF MONEY LAUNDERING AND THE FINANCING OF TERRORISM. A good contract will include definitions of unacceptable behaviour and the sanctions provided to ensure the service meets regulatory and legal rules. FORCE MAJEURE A standard clause which means that the supplier or client is not to blame for events that are major and outside of their control (such as fire, floods, wars etc)
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PREVENTION OF MONEY LAUNDERING AND THE FINANCING OF TERRORISM. The movement of money through the PosoMoney System which is or which forms part of the proceeds of any crime or which is intended to facilitate, aid or finance the commission of any crime is expressly prohibited. The Customer shall adhere to the know your customer (KYC) and customer identification procedures during the registration processes and in the course of performing transactions requested by customers including accepting of deposits and effecting payments. Notwithstanding anything to the contrary contained in this Agreement, BotswanaPost shall be entitled to forthwith terminate this Agreement (without prejudice to BotswanaPost’s rights in terms of the Terms and condition or at law including, but not limited to, any right to claim damages) in the event that BotswanaPost reasonably and in good faith determines that the Customer has breached any of its obligations contained in this clause. Upon termination of these Terms and Conditions by BotswanaPost pursuant to this clause, the Customer shall not be entitled to any further payment under this Agreement and shall have no claim of whatsoever nature against BotswanaPost arising out of such termination.
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PREVENTION OF MONEY LAUNDERING AND THE FINANCING OF TERRORISM. The HOLDER is informed of the legal obligations required of PECUNIA CARDS E.D.E S.L.U (“PECUNPAY” hereinafter) in the matter of prevention of money laundering and terrorist financing, concerning the identification of the HOLDER and of the real ownership, shareholding or control structure in the event that the HOLDER is a legal person, economic, professional or business activities, origin of the funds, as well as the requirement to apply the due diligence measures established in every moment by current legislation, among others those that are related to knowledge and continuous monitoring of the business relationship. Consequently, the HOLDER must provide, in a timely manner, all information and documentation, which at any time may be required by PECUNIA for the fulfillment of the aforementioned obligations. In the event that the OWNER is a natural person, and unless otherwise stated, the OWNER expressly declares that he acts against XXXXXXXX in his own name and right, recognizing, for all purposes, as the REAL HOLDER of his relationship with XXXXXXXX. For these purposes, in addition, the HOLDER expressly agrees to assume the following obligations, authorizations and measures derived from the application of the regulations for the prevention of money laundering and terrorist financing:
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Related to PREVENTION OF MONEY LAUNDERING AND THE FINANCING OF TERRORISM

  • ANTI-TERRORISM The Contractor agrees to undertake all reasonable efforts to ensure that none of the UNDP funds received under the Contract is used to provide support to individuals or entities associated with terrorism and that recipients of any amounts provided by UNDP hereunder do not appear on the list maintained by the Security Council Committee established pursuant to Resolution 1267 (1999). The list can be accessed via xxxxx://xxx.xx.xxx/sc/suborg/en/sanctions/1267/aq_sanctions_list. This provision must be included in all sub-contracts or sub-agreements entered into under the Contract.

  • Anti-Money Laundering To help the United States government fight the funding of terrorism and money laundering, the federal laws of the United States requires all financial institutions to obtain, verify and record information that identifies each person with whom they do business. This means we must ask you for certain identifying information, including a government-issued identification number (e.g., a U.S. taxpayer identification number) and such other information or documents that we consider appropriate to verify your identity, such as certified articles of incorporation, a government-issued business license, a partnership agreement or a trust instrument.

  • Terrorism Terrorism means an activity that involves a violent act or the unlawful use of force or an unlawful act dangerous to human life, tangible or intangible property or infrastructure, or a threat thereof; and appears to be intended to

  • Money Laundering The operations of the Company and its Subsidiaries are and have been conducted at all times in compliance with applicable financial record-keeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, applicable money laundering statutes and applicable rules and regulations thereunder (collectively, the “Money Laundering Laws”), and no Action or Proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any Subsidiary with respect to the Money Laundering Laws is pending or, to the knowledge of the Company or any Subsidiary, threatened.

  • Compliance with Money Laundering Legislation The Rights Agent shall retain the right not to act and shall not be liable for refusing to act if, due to a lack of information or for any other reason whatsoever, the Rights Agent reasonably determines that such an act might cause it to be in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it being in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, then it shall have the right to resign on 10 days' written notice to the Corporation, provided: (i) that the Rights Agent's written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's satisfaction within such 10-day period, then such resignation shall not be effective.

  • Anticorruption The activities of the parties must and each of the parties assumes the obligation to respect and fully comply with any and all applicable laws regarding anticorruption, including but not limited to the United States Foreign Corrupt Practices Act (15 U.S.C. Section 78dd-1 et seq., as amended). The parties acknowledge and agree that, regarding all the activities they engage in under this Order, the parties, as well as their agents, representatives, employees, administrators, partners, managers, officers, lawyers and any other person that engages in activities under their representation, shall not engage in and shall refrain from any illegal or prohibited conduct or activity by the anti- corruption laws, including but not limited to: (a) making offers, promises of delivery, or deliveries of any object of value to any public official (as defined by the corresponding applicable anti- corruption law) or political party with the purpose of obtaining or maintaining a deal, obtaining an improper advantage, or influencing any act or decision of a public official, that causes or could cause violations of the provisions of the anti-corruption laws; and/or (b) executing any bribe, incorrect payment, corruption payment or any illicit payment, to any public official or political party with the purpose of obtaining or maintaining a deal, obtaining an improper advantage, or influencing any act or decision of a public official, that causes or could cause violations of the provisions of the anti-corruption laws. The parties agree that the Buyer shall have the right to carry out all the actions necessary to verify the compliance of Seller with the provisions of this section and the corresponding applicable anti-corruption laws. SELLER AGREES TO HOLD HARMLESS AND FULLY INDEMNIFY BUYER FROM ANY AND ALL LIABILITIES (INCLUDING REASONABLE ATTORNEY’S FEES) THAT MAY BE INSTITUTED OR FILED AGAINST BUYER BY ANY GOVERNMENTAL AUTHORITY, AGENT, REPRESENTATIVE, EMPLOYEE, ADMINISTRATOR, PARTNER, MANAGER, OFFICER, LAWYER OR ANY OTHER PERSON THAT ENGAGES IN ACTIVITIES UNDER THE REPRESENTATION OF THE PARTIES OR ANY OTHER THIRD PARTY BASED ON AN ALLEGATION OF ANY BREACH BY SELLER TO ITS OBLIGATIONS CONTAINED IN THIS CLAUSE OR ANY OF THE APPLICABLE ANTI- CORRUPTION LAWS.

  • Anti-Terrorism Laws (i) None of the Borrower or any of its Affiliates is in violation of any laws or regulations relating to terrorism or money laundering (“Anti-Terrorism Laws”), including Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (the “Executive Order”) and the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56.

  • Money Laundering Laws The operations of the Company and its subsidiaries are, and have been conducted at all times, in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar applicable rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the Money Laundering Laws is pending or, to the best knowledge of the Company, threatened.

  • Compliance with Federal Law, Regulations, and Executive Orders This is an acknowledgement that FEMA financial assistance will be used to fund the contract only. The contractor will comply will all applicable federal law, regulations, executive orders, FEMA policies, procedures, and directives.

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