Suspicious activity. If BROKER in its sole discretion believes that a Customer account has been involved in any fraud or crime or violation of laws or regulations, or has been accessed unlawfully, or is otherwise involved in any suspicious activity (whether victim or perpetrator or otherwise), BROKER may suspend or freeze the account or any privileges of the account, may freeze or liquidate funds or assets, or may utilize any of the remedies in this Agreement for a " Default".
Suspicious activity series#
Suspicious activity includes, without limitation, any transaction in which State Street knows, suspects, or has reason to suspect that the transaction (or a pattern of transactions of which the transaction is a part): (i) involves funds derived from illegal activity or is intended or conducted to hide or disguise funds or assets derived from illegal activity ( including without limitation, the ownership, nature, source, location, or control of such funds or assets) as part of a plan to violate or evade any federal law or regulation or to avoid any transaction reporting requirement under federal law or regulation (ii) is designed, whether through structuring or other means, to evade any requirements of this part or any other regulations promulgated under the Bank Secrecy Act ( iii) has no business or apparent lawful purpose or is not the sort in which the particular Customer would normally be expected to engage, and State Street knows of no reasonable explanation for the transaction after examining the available facts, including the background and possible purpose of the transaction or (iv) involves use of any series of the Trust to facilitate criminal activity.
0 kommentar(er)
