Shell Bank Accounts, Foreign Bank Accounts, and Private Banking Accounts Sample Clauses

Shell Bank Accounts, Foreign Bank Accounts, and Private Banking Accounts. Broker, working in conjunction with Pershing, shall implement the provisions of sections 312, 313, and 319 of the USA PATRIOT Act as set forth in Informational Bulletins disseminated by Pershing from time to time. Copies of all certifications obtained by Broker shall be forwarded to Pershing.
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Shell Bank Accounts, Foreign Bank Accounts, and Private Banking Accounts. Introducing Firm shall implement the provisions of sections 312, 313, and 319 of the USA PATRIOT Act. Copies of all certifications obtained by Introducing Firm shall be forwarded to Clearing Firm. In connection therewith, Introducing Firm shall: 5.1.11.1. In the event that it opens an account for a foreign bank, as defined in Section 312 of USA Patriot Act, ascertain the ownership of such foreign bank, conduct enhanced scrutiny of the account, ascertain whether such bank provides correspondent accounts, all in accordance with said Act; 5.1.11.2. In the event that it opens or maintains a private banking account, as defined in such Act, ascertain the identity of the nominal and beneficial owners of such account(s), the source of funds, report any suspicious transactions in such account, and conduct enhanced scrutiny of such account that is requested or maintained by, or on behalf of a senior foreign political figure, or any immediate family member of such senior foreign political figure, or close associate of a foreign political figure. 5.1.11.3. In no event shall Introducing Firm knowingly open or maintain an account for a foreign shell bank as defined in the USA Patriot Act.
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Shell Bank Accounts, Foreign Bank Accounts, and Private Banking Accounts. Introducing Firm, working in conjunction with Clearing Agent, shall implement the provisions of Sections 312, 313, and 319 of the USA PATRIOT Act in accordance with information disseminated by Clearing Agent from time to time. Copies of all certifications obtained by Introducing Firm shall be forwarded to Clearing Agent.
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Shell Bank Accounts, Foreign Bank Accounts, and Private Banking Accounts. Correspondent, working in conjunction with Clearing Broker, shall implement the provisions of sections 312, 313, and 319 of the USA PATRIOT Act. Copies of all certifications obtained by Correspondent shall be promptly forwarded to Clearing Broker. In this connection, Correspondent will detect Accounts for unregulated shell banks through its OP and through ongoing monitoring of Transactions. Upon finding or suspecting such Accounts, Correspondent will take immediate steps to investigate and to terminate any verified Account for an unregulated foreign shell bank. Correspondent will require its foreign account holders to complete the model certifications and re-certifications as issued by the U. S. Treasury, Correspondent will review Accounts to determine whether it offers any "private banking" Accounts and will conduct due diligence on such Accounts. Correspondent will also review public information to determine whether any "private banking" account holders are "senior foreign political figures". If Correspondent discovers that a particular "private banking" account holder may be a "senior foreign political figure", it will conduct additional enhanced due diligence and report transactions that may involve money laundering.
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Related to Shell Bank Accounts, Foreign Bank Accounts, and Private Banking Accounts

  • Additional Bank Accounts Borrower shall not, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 8.8 hereto, except: (a) as to any new or additional Blocked Accounts and other such new or additional accounts which contain any Collateral or proceeds thereof, with the prior written consent of Lender and subject to such conditions thereto as Lender may establish and (b) as to any accounts used by Borrower to make payments of payroll, taxes or other obligations to third parties, after prior written notice to Lender.

  • Bank Account Payments shall be made to the Contractor’s bank account denominated in euro, identified as follows: Name of bank: [complete] Address of branch in full: [complete] Exact designation of account holder: [complete] Full account number including codes: [complete] [IBAN code: [complete]]

  • Custody of Partnership Funds; Bank Accounts (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine. (b) All deposits and other funds not needed in the operation of the business of the Partnership may be invested by the General Partner in investment grade instruments (or investment companies whose portfolio consists primarily thereof), government obligations, certificates of deposit, bankers’ acceptances and municipal notes and bonds. The funds of the Partnership shall not be commingled with the funds of any other Person except for such commingling as may necessarily result from an investment in those investment companies permitted by this Section 10.2(b).

  • Agreements with Foreign Banking Institutions Each agreement with a foreign banking institution shall provide that: (a) the assets of each Portfolio will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the foreign banking institution or its creditors or agent, except a claim of payment for their safe custody or administration; (b) beneficial ownership for the assets of each Portfolio will be freely transferable without the payment of money or value other than for custody or administration; (c) adequate records will be maintained identifying the assets as belonging to each applicable Portfolio; (d) officers of or auditors employed by, or other representatives of the Custodian, including to the extent permitted under applicable law the independent public accountants for the Fund, will be given access to the books and records of the foreign banking institution relating to its actions under its agreement with the Custodian; and (e) assets of the Portfolios held by the foreign sub-custodian will be subject only to the instructions of the Custodian or its agents.

  • Location of Bank Accounts Schedule 6.01(v) sets forth a complete and accurate list as of the Effective Date of all deposit, checking and other bank accounts, all securities and other accounts maintained with any broker dealer and all other similar accounts maintained by each Loan Party, together with a description thereof (i.e., the bank or broker dealer at which such deposit or other account is maintained and the account number and the purpose thereof).