Common use of AML Procedures Clause in Contracts

AML Procedures. 19.1. No person shall abuse this website for the purpose of money laundering. The Company employs best practice anti-money laundering (“AML”) procedures. The Company reserves 19.2. The Client must provide all requested information upon registration. 19.3. No winnings may be collected on accounts opened in false names or on multiple accounts opened by the same person. 19.4. The Company may, from time to time, at its sole discretion, require a customer to provide additional proof of identity such as notarized copy of passport or other means of identity verification as it deems required under the circumstances and may at its sole discretion suspend an account until sich proof has been provided to its satisfaction. 19.5. You confirm and undertake that you are not engaging us and will not use the Services in connection with any forbidden activity. We draw your attention to our obligation to report suspicions of money laundering activity to our Money Laundering Reporting Officer and or to the relevant external authorities. We may have to stop working on a matter and may not be in a position to inform you if we make such a report. We will not be liable to you for the consequences of any such report made in good faith. 19.6. We may be required by law and/or regulations to report to a governmental or regulatory authority our knowledge and/or suspicion that certain criminal offences have been committed, regardless of whether such an offence has been committed by a client of ours or by a third party. We may not be able to discuss such reports with you because of restrictions imposed by those laws and regulations, and we may have to cease acting for you in those circumstances. You agree that we are not responsible for any adverse consequences you may suffer as a result of our compliance with such laws and regulations.

AML Procedures. 19.1. No person shall abuse this website for the purpose of money laundering. The Company employs best practice anti-money laundering (“AML”) procedures. The Company reservesreserves the right to refuse to do business with, or to discontinue to do business with, and to reverse the transactions of, customers who do not accept or confirm to the Company’s AML requirements and policies. 19.2. The Client must provide all requested information upon registration. 19.3. No winnings may be collected on accounts opened in false names or on multiple accounts opened by the same person. 19.4. The Company may, from time to time, at its sole discretion, require a customer to provide additional proof of identity such as notarized copy of passport or other means of identity verification as it deems required under the circumstances and may at its sole discretion suspend an account until sich such proof has been provided to its satisfaction. 19.5. You confirm and undertake that you are not engaging us and will not use the Services in connection with any forbidden activity. We draw your attention to our obligation to report suspicions of money laundering activity to our Money Laundering Reporting Officer and or to the relevant external authorities. We may have to stop working on a matter and may not be in a position to inform you if we make such a report. We will not be liable to you for the consequences of any such report made in good faith. 19.6. We may be required by law and/or regulations to report to a governmental or regulatory authority our knowledge and/or suspicion that certain criminal offences have been committed, regardless of whether such an offence has been committed by a client of ours or by a third party. We may not be able to discuss such reports with you because of restrictions imposed by those laws and regulations, and we may have to cease acting for you in those circumstances. You agree that we are not responsible for any adverse consequences you may suffer as a result of our compliance with such laws and regulations.