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The purpose of this page is to notify you of certain laws regulating financial
transactions and services. Westminster, Hope & Turnberry, Ltd. will not
assist anyone with a transaction that violates these or any other laws. |
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International Money Laundering Laws |
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Many nations have anti-money laundering laws in
place. Money laundering typically involves attempting to or engaging in certain
financial transactions involving the proceeds of unlawful activities.
Therefore, any transfers contemplated do not involve assets or proceeds derived
from criminal activities. Such activities include, but are not limited to:
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Financial Misconduct - This includes the concealment
of assets from a receiver, custodian, trustee, marshal, or other officer of the
court, from creditors in a bankruptcy proceeding; the making of a fraudulent
conveyance in contemplation of a bankruptcy proceeding or with the intent to
defeat the bankruptcy law; the giving of false oaths or claims in relation to a
bankruptcy proceeding; bribery; the giving of commissions or gifts for the
procurement of loans; theft, embezzlement, or misapplication of bank funds or
funds of other lending, credit, or insurance institutions; the making of
fraudulent bank or credit institution entries or loan or credit applications;
and mail, wire, or bank fraud or bank or postal robbery or theft.
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Controlled Substances - These include the manufacture,
importation, sale or distribution of controlled substances; the commission of
acts constituting a criminal enterprise; and the transportation of drug
paraphernalia.
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Other Crimes - These include counterfeiting,
espionage, kidnapping or hostage taking, smuggling goods, copyright
infringement, entry of goods by means of false statements, removing goods from
the custody of Customs, illegally exporting arms.
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Other Applicable Laws |
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In addition to money laundering laws, certain
nations have laws which make it unlawful to engage in transfers of assets if
such transfers hinder, delay, or defraud your creditors. Similarly, transfers
made in contemplation of filing for economic relief under a nation's bankruptcy
provisions may also violate certain laws. |
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Compliance and Due Diligence |
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It is your responsibility to ensure that you are
not in violation of any applicable laws of either the jurisdiction of your
residence, or any jurisdiction in which the contemplated financial transactions
will take place. Westminster, Hope & Turnberry, Ltd. is entitled to refuse
to assist with any transaction that violates these or any other applicable
laws. Westminster, Hope & Turnberry, Ltd. reserves the right to conduct any
due diligence that it deems necessary and which is acceptable under general
business practices and standards to ensure the accuracy of any information
provided. You agree to provide such documentation and execute such affidavits
or other documents or instruments we may reasonably require to assure us that
all contemplated and future transfers are appropriate under all applicable
laws. |
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For More Information |
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For more information regarding non-taxable
investment accounts available world-wide, contact us at
clientserv@wh-t.com. |
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Note for U.S. Citizens |
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U.S. citizens are taxed on worldwide income, even
when income is earned in foreign non-taxable accounts. These same investments,
however, can be owned through U.S. qualifying annuities and insurance policies
which will enable the investment to retain its non-taxable status. Please
contact us for details. |
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e-mail: clientserv@wh-t.com
©2000 Westminster, Hope & Turnberry, Ltd.
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Sale or solicitations of WHT products
are expressly prohibited in the United States. WHT products are only available
to institutional investors domiciled in jurisdictions where WHT is authorized
to conduct business. This is provided for informational purposes only and is
not intended as an offer to sell, an advertisement, or a solicitation.
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