Common use of Purpose of Collection Clause in Contracts

Purpose of Collection. We collect your Personal Information in order to provide our products and services, satisfy our regulatory obligations under the AML/CTF Laws and assess your credit worthiness. We are required under AML/ CTF Laws to collect Personal Information of individuals (being a natural person or persons) who ultimately own or control (whether directly or indirectly) the client (Beneficial Owners). For example, if you are an individual trustee, the Beneficial Owners of the trust will be the beneficiaries. We are required to collect Personal Information of Beneficial Owners to assist us to verify information about the beneficial ownership and control of our clients.

Purpose of Collection. We collect your Personal Information Data in order to provide our products and services, satisfy our regulatory obligations under the AML/CTF CFT Regulations Laws and assess your credit worthiness. We are may be required under AML/ CTF Laws AML/CFT Regulations to collect Personal Information Data of individuals (being a natural person or persons) who ultimately own or control (whether directly or indirectly) the client Customer (Beneficial Owners). For example, if you are an individual trustee, the Beneficial Owners of the trust will be the beneficiaries. We are required to collect Personal Information Data of Beneficial Owners to assist us to verify information about the beneficial ownership and control of our clientsCustomers.