Common use of Client Acceptance Clause in Contracts

Client Acceptance. 4.1 ▇▇▇▇▇▇▇▇’s acceptance of the engagement set out in the Letter of Engagement and the entering into force of the Letter of Engagement together with these T&Cs is subject to the due fulfillment of ▇▇▇▇▇▇▇▇’s client acceptance procedures (for the purposes of, inter alia, due diligence, no conflict, know-your-client and prevention of money laundering and funding of terrorism) to the satisfaction of the same. 4.2 Credence reserves the right, without incurring any liability, to terminate the Letter of Engagement and the engagement made thereunder ipso iure at any time, even after the commencement of the provision of Services by Credence in terms of the Letter of Engagement, should it discover that any document or information provided by the Client upon ▇▇▇▇▇▇▇▇’s request in relation to such procedures is found to be counterfeited, false, forged, inaccurate, incorrect, untruthful or not to the satisfaction of Credence, should the Client unreasonably refuse to produce such document or information upon such request, or should it appear, in the reasonable opinion of Credence, that the latter is under a statutory obligation in terms of the provisions of the Prevention of Money Laundering Act [Chapter 373 Laws of Malta]1, the Prevention of Money Laundering and Funding of Terrorism Regulations [Legal Notice 372 of 2017, as amended by Legal Notice 430 of 2018]2, or other related act of law to discontinue its relationship with the Client.