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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:
- 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.
- 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.
- 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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P.O. Box F-42657
Freeport, Grand Bahama
Bahamas
e-mail: clientserv@wh-t.com
©2000 Westminster, Hope & Turnberry, Ltd.
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