Compliance: Application of adequate compliance measures when using Clearstream Banking’s infrastructure and services
Clearstream Banking1 reminds its clients of the necessity to apply adequate compliance measures in connection with the usage of Clearstream Banking’s services with regard to compliance and the management of associated risks.
The usage by clients or their representatives of the systems and services provided by Clearstream Banking shall not infringe or contribute to the infringement of any criminal laws, including criminal tax laws, applicable to a client or its representatives. Adequate criminal compliance measures should therefore be applied in connection with the usage of Clearstream Banking’s systems and services. Where clients offer services to underlying clients, they should in addition ensure that their compliance measures adequately avoid a misuse of Clearstream Banking’s systems and services by their underlying clients.
Clients are further expected to closely follow developments regarding sanctions to ensure full compliance with governmental sanctions and restrictive measures as and when they are imposed. Clients are in particular expected not to use the services and systems of Clearstream Banking in a way that would contravene sanctions and or embargos imposed by the relevant authorities.
Further information
For further information, clients may contact Clearstream Banking Client Services or their Relationship Officer.
------------------------------------------
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.