Common use of Assessment and Reporting Clause in Contracts

Assessment and Reporting. The intermediary payment service provider shall take into account missing information on the payer or the payee as a factor when assessing whether a transfer of funds, or any related transaction, is suspicious, and whether it is to be reported to the FIU in accordance with Directive (EU) 2015/849. 1. The crypto-asset service provider of the originator shall ensure that transfers of crypto-assets are accompanied by the following information on the originator: (a) the name of the originator; (b) the originator’s distributed ledger address, where a transfer of crypto-assets is registered on a network using distributed ledger technology or similar technology, and the crypto-asset account number of the originator, where such an account exists and is used to process the transaction;