Financial Crime representations and warranties are required in all contracts where there is an expectation that a third party will comply with the Financial Crime Framework of a contracting organisation. Reliance cannot be placed on the financial crime controls of a third party without formal agreement.
This Financial Crime Representations and Warranties template is provided in Word format over 4 pages and 1,435 words. Elements in [square brackets] require editing to make it specific to your organisation.
Design is based on financial services organisations globally and covers the following aspects:
1. Definitions
2. Anti-Financial Crime Undertakings, Representations and Warranties
3. Additional Anti-Financial Crime Undertakings
4. Training
5. No Investigations or Convictions Notification
6. Payments