Common use of Laundering and Sanctions Clause in Contracts

Laundering and Sanctions. If I am required to establish an anti-money laundering/counter terrorist financing program under the laws of my jurisdiction of organization, and all other applicable national laws and regulations relating to the prevention of money laundering and terrorist financing, then I should provide appropriate documentation of such program. I represent that I am not, nor any of my subsidiaries (as applicable), a Connected Person, any director or officer, or any employee or agent of mine or my subsidiaries is a person or entity that is, or is owned or controlled by persons and entities that are, (a) the target of any sanctions administered or enforced by the US Department of Treasury’s Office of Foreign Assets Control, the US Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or the Hong Kong Monetary Authority (collectively, “Sanctions”), or (b) located, organized or resident in a country or territory that is, or whose government is, the target of Sanctions, including, without limitation, currently, the Crimea region of Ukraine, Cuba, Iran, North Korea, Sudan and Syria. I also represent that no funds or securities exchanged in furtherance of its obligations pursuant to the Agreement are derived from any transactions or business of or with any person or entity, or in any country or territory that is, or whose government is, the target of Sanctions, or are derived from any unlawful activity, including but not limited to, activity in violation of US and any applicable anti-money laundering laws. I certify my compliance in all material respects with foreign and domestic laws and regulations, including Sanctions, pertaining to each jurisdiction in which I operate and US sanctions and anti-money laundering laws. To help the government fight the funding of terrorism and money laundering activities, U.S. Federal law requires certain institutions to obtain, verify, and record information that identifies each person or entity that opens an account. As such, in connection with HSBC Securities entering into this Agreement with me, HSBC Securities will ask for my name, physical address, taxpayer identification number and any other identifying information of mine and the Portfolio. Additionally, Adviser will take certain steps to verify my identity through documents by checking other sources. I shall provide the requested documentation to assist HSBC Securities in monitoring unusual transactions and reporting suspicious activities related to money laundering and terrorist financing. Failure to provide any necessary documents will result in a remedial action that could include termination of this Agreement at Adviser’s sole discretion.

Laundering and Sanctions. If I am required to establish an anti-money laundering/counter terrorist financing program under the laws of my jurisdiction of organization, and all other applicable national laws and regulations relating to the prevention of money laundering and terrorist financing, then I should provide appropriate documentation of such program. I represent that I am not, nor any of my subsidiaries (as applicable), a applicable),a Connected Person, any director or officer, or any employee or agent of mine or my subsidiaries is a person or entity that is, or is owned or controlled by persons and entities that are, (a) the target of any sanctions administered or enforced by the US Department of Treasury’s Office of Foreign Assets Control, the US Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or the Hong Kong Monetary Authority (collectively, “Sanctions”), or (b) located, organized or resident in a country or territory that is, or whose government is, the target of Sanctions, including, without limitation, currently, the Crimea region of Ukraine, Cuba, Iran, North Korea, Sudan and Syria. I also represent that no funds or securities exchanged in furtherance of its obligations pursuant to the Agreement are derived from any transactions or business of or with any person or entity, or in any country or territory that is, or whose government is, the target of Sanctions, or are derived from any unlawful activity, including but not limited to, activity in violation of US and any applicable anti-money laundering laws. I certify my compliance in all material respects with foreign and domestic laws and regulations, including Sanctions, pertaining to each jurisdiction in which I operate and US sanctions and anti-money laundering laws. To help the government fight the funding of terrorism and money laundering activities, U.S. Federal federal law requires certain institutions to obtain, verify, and record information that identifies each person or entity that opens an account. As such, in connection with HSBC Securities entering into this Agreement with me, HSBC Securities will ask for my name, physical address, taxpayer identification number and any other identifying information of mine and the Portfolio. Additionally, Adviser HSBC Securities will take certain steps to verify my identity through documents by checking other sources. I shall provide the requested documentation to assist HSBC Securities in monitoring unusual transactions and reporting suspicious activities related to money laundering and terrorist financing. Failure to provide any necessary documents will result in a remedial action that could include termination of this Agreement at Adviser’s HSBC Securities’ sole discretion.