AML Officer Change Form

AML OFFICER CHANGE FORM

This AML Officer Change Form is entered into on Effective Date: by and between Financial Institution Name: , principal address: (hereinafter "Institution"), and New AML Officer Name: , contact phone: , email: (hereinafter "New AML Officer"). Current AML Officer Name: .

RECITALS

WHEREAS, the Institution is subject to applicable anti-money laundering laws, regulations and supervisory expectations requiring the designation of an individual with responsibility for the Institution's AML/CTF compliance program; and

WHEREAS, the Institution has determined to appoint the New AML Officer to assume responsibility for the Institution's AML compliance program as described herein; and

WHEREAS, the parties desire to memorialize the effective date, duties, authority, transition requirements and certifications associated with the change in designated AML officer.

NOW, THEREFORE

In consideration of the mutual covenants and agreements contained herein, the parties hereby agree as follows:

1. APPOINTMENT

1.1 Appointment. The Institution hereby appoints the New AML Officer, and the New AML Officer accepts such appointment, to serve as the Institution's designated anti-money laundering compliance officer commencing on Effective Date: .

1.2 Term. The appointment shall continue until replaced in writing by the Institution or until resignation or termination of the New AML Officer in accordance with the Institution's policies.

2. DUTIES AND AUTHORITY

2.1 Core Duties. The New AML Officer shall be responsible for the administration and oversight of the Institution's AML/CTF program, including without limitation:

(a) developing, implementing and maintaining AML policies, procedures and controls reasonably designed to detect and prevent money laundering, terrorist financing and related illicit activity;

(b) conducting or overseeing customer due diligence and enhanced due diligence where required, including ongoing monitoring of customer activity and risk-based transaction surveillance;

(c) ensuring timely filing of suspicious activity reports and other required regulatory reports in accordance with applicable laws and internal procedures;

(d) providing or coordinating AML training for employees and senior management and maintaining training records;

(e) maintaining access to and custody of AML records and documentation and cooperating with examinations and investigations by competent authorities; and

(f) exercising such authority and escalation as necessary to enforce compliance and remedial actions within the Institution.

3. TRANSITION AND CONTINUITY

3.1 Cooperation. The outgoing AML Officer shall cooperate in good faith and take all commercially reasonable steps to transfer knowledge, documentation, access credentials and pending matters to the New AML Officer on or before the Effective Date identified above.

3.2 Records Transfer. The Institution shall ensure secure transfer of all AML-related records, including but not limited to internal reports, investigation files, SAR support documentation, training records and risk assessments to the New AML Officer in accordance with recordkeeping requirements.

4. NOTIFICATIONS

4.1 External Notification. The Institution shall, where required by law or contractual obligation, notify relevant supervisory authorities, correspondent banks, and other counterparties of the change in designation within the timeframe required by such authorities or agreements.

4.2 Internal Notification. The Institution shall notify senior management, the board or designated committee, and affected business units of the appointment and any interim reporting arrangements.

5. CONFIDENTIALITY

5.1 Confidential Information. The New AML Officer shall maintain, in confidence, all non-public information obtained in connection with performance of duties under this Form. Confidential information shall be used solely for the performance of obligations hereunder and shall not be disclosed except as required by law, regulation or valid order of a competent authority.

6. REPRESENTATIONS, WARRANTIES AND INDEMNITY

6.1 Authority. Each party represents and warrants that it has full authority to enter into and perform this Form and that the individual signing on its behalf is authorized to bind such party.

6.2 Indemnity. The Institution shall indemnify and hold harmless the New AML Officer from and against any claims, losses, liabilities, costs or expenses (including reasonable attorneys' fees) incurred by the New AML Officer in connection with acts or omissions performed in good faith within the scope of duties described in this Form, except to the extent arising from gross negligence, willful misconduct or illegal acts of the New AML Officer.

7. MISCELLANEOUS

7.1 Notices. Any notice required or permitted under this Form shall be in writing and delivered to the addresses set forth below or to such other address as either party may designate in writing. Notices shall be deemed given upon personal delivery, or three (3) business days after deposit with a nationally recognized overnight courier.

7.2 Amendments. This Form may be amended only by a writing signed by both parties.

7.3 Waiver. No waiver of any provision of this Form shall be effective unless in writing and signed by the party against whom enforcement is sought. No waiver of any breach shall constitute a waiver of any subsequent breach.

7.4 Counterparts. This Form may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. Signatures delivered by electronic image or facsimile shall be effective as original signatures for all purposes.

7.5 Governing Law. This Form shall be governed by and construed in accordance with the laws of the jurisdiction selected by the Institution: without regard to its conflict of law principles.

7.6 Entire Agreement. This Form constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, arrangements and understandings, whether written or oral, relating to the appointment of the AML officer.

7.7 Severability. If any provision of this Form is held to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired.

8. ADDITIONAL INFORMATION

CERTIFICATION

The undersigned authorized representative of the Institution certifies that the information contained in this Form is true and correct to the best of their knowledge, that the Institution has taken any required internal approvals to effect this appointment, and that the Institution will take such further actions as are necessary to give effect to the change in designation.

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