FinCEN Guidance Clause Samples

The FinCEN Guidance clause defines the parties' obligations to comply with guidance and regulations issued by the Financial Crimes Enforcement Network (FinCEN). This clause typically requires that all activities under the agreement adhere to anti-money laundering (AML) standards and reporting requirements as set forth by FinCEN, which may include customer due diligence and suspicious activity reporting. Its core function is to ensure that both parties operate within the bounds of U.S. financial law, thereby reducing the risk of legal violations and regulatory penalties.
FinCEN Guidance. Neither the Company nor any director, officer, agent, employee or affiliate of the Company or subsidiaries, is: (i) Assisting in the distribution of marijuana to minors; (ii) Participating in the diversion of marijuana from states where it is legal under state law in some form to other states; (iii) Contributing to adverse public health consequences associated with marijuana use; (iv) Facilitating the growing of marijuana on federal property; (v) Facilitating the possession of marijuana on federal property; (vi) Facilitating the flow of revenue from the sale of marijuana to criminal enterprises; (vii) Facilitating violence or the use of firearms in the cultivation and distribution of marijuana; and (viii) Using state-authorized marijuana activity as a cover or pretext for trafficking of other illegal drugs.
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FinCEN Guidance. Neither the Company, nor to the knowledge of the Company after due inquiry any director, officer, agent, employee or affiliate of the Company or Subsidiaries, is: i) Assisting in the distribution of marijuana to minors; ii) Participating in the diversion of marijuana from states where it is legal under state law in some form to other states;
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Related to FinCEN Guidance

  • ICO Guidance 6.1 The Parties agree to take account of any guidance issued by the Information Commissioner and/or any relevant central government body. The Buyer may on not less than thirty (30) Working Days’ notice to the Supplier amend the contract to ensure that it complies with any guidance issued by the Information Commissioner and/or any relevant central government body.

  • Guidance This communications protocol will guide all planning, development and implementation of Communications Activities with a view to ensuring efficient, structured, continuous, consistent, and coordinated communications to the Canadian public.

  • Compliance Plan (1) This paragraph (h) applies to any portion of the contract that— (i) Is for supplies, other than commercially available off-the-shelf items, acquired outside the United States, or services to be performed outside the United States; and (ii) Has an estimated value that exceeds $500,000. (2) The Contractor shall maintain a compliance plan during the performance of the contract that is appropriate— (i) To the size and complexity of the contract; and (ii) To the nature and scope of the activities to be performed for the Government, including the number of non- United States citizens expected to be employed and the risk that the contract or subcontract will involve services or supplies susceptible to trafficking in persons.

  • TECHNICAL GUIDANCE LETTERS In the sole discretion of the System Agency, and in conformance with federal and state law, the System Agency may issue instructions, clarifications, or interpretations as may be required during work performance in the form of a Technical Guidance Letter (TGL). A TGL must be in writing, and may be delivered by regular mail, electronic mail, or facsimile transmission. Any TGL issued by the System Agency will be incorporated into the Contract by reference for all purposes when it is issued.

  • Human and Financial Resources to Implement Safeguards Requirements The Borrower shall make available necessary budgetary and human resources to fully implement the EMP and the RP.