Online Business Current Account-i

By submitting this Application Form, I/We confirm, acknowledge and declare that:*

1. All the information provided by me/us in this Application Form are true, accurate and complete and I/We will inform CIMB Bank Berhad and/or CIMB Islamic Bank Berhad (“Bank”) of any changes.

2. The applicable terms and conditions of the account and/or services (“Terms”) offered by the Bank (which are available on www.cimb.com.my) have been made available to me/us and the key contract terms affecting my/our obligations have been adequately explained to me/us by a staff, representative or agent of the Bank.

3. I/We have read and understood the Terms and I/we agree to be bound by the Terms.

4. I/We have not committed any act of bankruptcy and/or been adjudged a bankrupt and/or wound up.

5. I/We shall comply with all of the Bank’s requirements for opening of the account and understand that the Bank’s opening of the account shall be subject to the Bank performing any necessary verification. The Bank reserves the right to reject my/our application at its absolute discretion.

6. I/We will not facilitate funds from proceeds of any unlawful activities to be channeled through my/our account with the Bank and undertake to provide the Bank with all relevant information and documents, as and when requested, for purposes of my/our identification and/or verification of the source of my/our funds under the ‘Know Your Client’ principles.

7. I/We give consent to the Bank to verify and/or make any checks and/or obtain any information and/or from confirmation, with or from any credit reference agencies, including but not limited to CTOS, CCRIS, FIS and/or any other agencies and/or from any financial institution, on me/us and/or any other person, individual and/or entity as the Bank may deem fit, and for any purposes which the Bank deems fit.

8. In the event I/we appoint a booker, I/we hereby agree that the booker is authorized to book foreign exhange (FX) rates on Internet Banking Services on my/our behalf. Upon booking of the FX rate, I/we shall be deemed to have entered into an FX transaction with the Bank whereby payment instruction shall be made by me/us via Internet Banking Services to the Bank on the same day. In the event the Bank does not receive payment instruction on the same day for any reason whatsoever, it may cancel the booking and the FX transaction will be cancelled. Upon termination, I/we shall be liable for all marked-to-market losses incurred by the Bank, and such marked-to-market losses shall be deemed as “Charges” as the term is understood in the Terms and Conditions of Subscription and Access to Internet Banking Services.

9. All deposits in the Online Business Current Account/Current Account-i are protected by PIDM up to RM250,000 for each depositor. I/We have received a copy of PIDM’s Deposit Insurance System (DIS) Brochure. I/We, also acknowledge that deposits withdrawn from the Online Business Current Account/Current Account-i are no longer protected by PIDM.

10. Applicable for Companies without Constitution:

The Company does not have a Constitution and we confirm that the Company has been duly authorised by a board resolution to facilitate the opening of bank account(s) with the Bank, of which the said resolution has been submitted to the Bank. We further confirm that the Notice of Registration and Application for Registration of a Company provided to the Bank are the same as the copy electronically lodged and downloaded from the website of the Companies Commission of Malaysia. In the event any information provided to the Bank has been changed or varied, we will immediately notify the Bank and furnish the relevant documents for the Bank’s record.

11. All information provided by me/us in this Application Form is based on (i) the information which I/we have entered and submitted in this Application Form, and (ii) business information made available by the Companies Commission of Malaysia. By submitting this Application Form, I/we agree to accept full responsibility for the correctness, completeness or accuracy of the information in this Application Form.  I/We acknowledge that the Bank is not obliged nor shall it be liable to check, verify, authenticate or ensure the correctness, completeness or accuracy of the information in this Application Form. I/We acknowledge that the Bank takes no responsibility for the information in this Application Form and makes no representation as to its correctness, completeness or accuracy. I/We acknowledge that the Bank shall not be liable or responsible for any loss or damage howsoever caused or suffered by me/us or any third party arising from any reliance on or any action in connection with the information submitted in this Application Form.

12. I / We hereby acknowledge that I / We have accessed and / or read the Privacy Notice issued by CIMB Group (which is available at all CIMB website at www.cimb.com.my has otherwise been made available to me/us) and confirm my/our agreement to the same.

Environment, Social, And Governance

13. I / We have not in the last 3 years been, and will not be, involved in any illegal activities, including bribery, breaches of any laws (including labour and human trafficking laws), terrorism, smuggling, and violations or controversies in relation to environmental, social or ethical issues.

14. I / We are not involved in activities related to Arms and Munitions (except for activities involving sale to the Government of Malaysia Ministry of Defence and/or Malaysian law enforcement agencies), Casino and Gaming (except for regulated gaming enterprises, major hotel, entertainment, leisure, cruise companies, and large well-capitalised corporations) and/or negatively impacting World Heritage Sites (except for activities where there is prior consensus with both the government authorities and UNESCO that such operations will not adversely affect the Outstanding Universal Value of the site).