Compliance with sanctions
Clearstream Banking1 is strongly committed to ensure compliance with regulatory and legal obligations related to International Financial Sanctions, that is, laws, regulations, embargoes and other restrictive measures enacted or enforced by the United Nations Security Council, the European Union, but also and as the case may be by the United States Office of Foreign Assets Control (OFAC), the United Kingdom HM Treasury or by any other relevant jurisdictions.
In addition to the actions and measures Clearstream Banking has taken to comply with Financial Sanctions against Russia and Belarus, Clearstream Banking also reminds all its customers of their obligation to ensure compliance therewith when dealing with Clearstream Banking.
Accordingly, Clearstream Banking expects its customers to review their individual holdings (up to the beneficial holder) to ensure that they will not directly or indirectly perform activities through their account(s) with Clearstream to support business of any person or country targeted by international financial sanctions that would result in the violation of these sanctions.
Clearstream Banking reminds all its customers about their obligation to disclose all assets held with Clearstream Banking on behalf of their customers that are targeted under the sanction regulations relating to Russia and Belarus (article 38 of the General Terms and Conditions for Clearstream Banking S.A. and Section VI of the General Terms and Conditions for Clearstream Banking AG).
Further information
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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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 (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.