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Application for License(s) to Use Service

Marks

Mastercard®, Maestro®, and Cirrus®

Application and attachments must be completed in English.


1—Application Instructions
Attach the following documents to the application:
 Copy of regulatory documents indicating your company can engage in deposit-taking, loans or the proposed card business (e.g.
banking license, charter, legal opinion, etc.)
 Copy of the Certificate or Act of Incorporation (legal document or act establishing the company)
 Applicant’s audited financial statements covering the most recent 2 (3 for Corporations or Government Institutions (CGIs’) fiscal
years as well as the most current unaudited year-to-date financial statements.
 License Agreements – 2 originals (North America applicants are to only submit one scanned copy)
 Preliminary Charter (for entities in organization)
 Copy of Compliance Organizational chart
 Mastercard Principal applicants must also submit:
o Mastercard Connect Access (Form 1145)
o Summary of Reports (Form 234) – Not applicable for Europe applicants
o Billing Services Notification (Form 038) – Not applicable for Europe applicants

2—General Information
Full Legal Name Lion International Bank S.C
Abbreviated Name(s)
(if have more than one, list all):

“Doing Business As” Name: Lion International Bank S.C

Country in which Applicant is requesting a license: Yes


Note: Requests for more than one country must be submitted in a separate application

Indicate Worldwide Subsidiaries:

List all Former Legal Names of Applicant: : Lion International Bank S.C
Legal Headquarters Address and Principal Place of Business
Athlete Haile Gebreselassie Avenue Lex Plaza
Building,
Town/City:
Addis Ababa
Woreda 12 ,Yeka sub city Addis Abeba City
Street Address:
Administration

State/Country: Addis Ababa /Ethiopia ZIP/Postal Code: 27026/1000


Phone: +251116626000
Fax: +251116625999

Mailing Address (if different from Legal Headquarters Address above)

Street Address: Town/City:

State/Country: ZIP/Postal Code:

Phone: Fax:
Primary Contact of Applicant Legal Address Mailing Address

Mr./Ms.: Name:

Title/Position: Phone:

Fax: Email:
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2—General Information (continued)
Secondary Contact Legal Address Mailing Address

Mr./Ms. Name:

Title/Position: Phone:

Fax: Email:

Anti-Money Laundering Compliance Officer Legal Address Mailing Address

Mr./Ms. Name:

Title/Position: Phone:

Fax: Email:

3—Details About Applicant’s Organization


Type of Institution: Financial Institution (FI) (indicate type) Commercial Banking

Legal Form of Applicant (check one box only):


Corporation Credit Union Government Limited Liability Company Not for profit
Partnership Private Label Liability Company Public Authorities Public List Company Sole Proprietorships
Other(provide details): Privately owned S.C

Date of Incorporation or Legal Existence: 10/06/2006

Assets Size in USD (as of current year): USD 648,626,085.74

Country of Incorporation: Ethiopia

Other Countries of Operation (please list): No

Describe the activities from which Applicant currently derives most revenues, its major customer segments, and the geographic locations where
these activities are being conducted.
Revenues,:- Interest from Loan & advance, Income from Trade service, Commission Income from letter of guarantee
Customer segments: Individuals, private limited company, public enterprise
Geographic locations: All over Ethiopia & abroad Chaina,UAE Europe & USA

Does Applicant conduct business in any of the following geographies? Yes No


If yes, please select all that apply:
Region of Crimea Sudan (North)
Iran Syria
North Korea

Please explain the nature of the business conducted within each selected geography:

Institution Routing & Transit (R&T) Federal Reserve Bank (FRB) ID Number
Number (US applicants only): (US/US Territory applicants only):

VAT Number (European applicants only): GST Number (if applicable):

Other Government Identification Number (i.e.TIN) 0003229535

US and US Territory applicants only – complete for Debit and Prepaid programs:
The Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act requires Mastercard to identify your Durbin Rate.
Please indicate below your qualified debit interchange rate.

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Regulated Non-regulated Adjusted-regulated

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3—Details About Applicant’s Organization (continued)
List each individual or legal entity owning 20% or greater interest in the Applicant and indicate, in the “Ownership-Legal Entities” section, if any
portion of the Applicant’s business is owned by a Government. If there is no owner with 20% or greater interest, identify the owner with
the largest interest.
Note: When completing this section, please provide full legal name, use of initials is not acceptable. Holding
company names and shell corporations (“nominees”) are not acceptable ownership information.
Also, provide all requested information for each individual having management and/or control of the Applicant’s business. If
additional lines are necessary, please attach a separate sheet to this application.

Control and Executives


Years with Years with
First Name Second Name Last Name Country of Residence Date of Birth Country of Birth
Company Industry
CEO (or equivalent title)
Daniel Tekeste Kidane A.A 26 Jan, 1974 Axum

Executive Level Management (direct reports to CEO)


Hailay Haftu Abreha A.A 24 Oct 77 Wukro

Gebru Meshesha Khasay A.A 23 Feb, 1965 Tigray

Tsebele Hadush G/giorgis A.A 16 Jan, 1977 Mekelle

Aklilu Hayelom Godfay Mekelle 03 Aug 1972 Mekelle

Daniel Gebreegziabher Tefera A.A 12 Nov, 1972 Addis Ababa

Board of Directors

Alem Asfaw Eshet A.A 12 JUL 58 TIGRAY

Aklilu Gebreslassie Gebru A.A 05 MAY 68 ADWA

Almaz Hagos Hishe A.A 21 AUG 81 KOREM

Andnet Haregewoine Gebreslassie A.A 06 DEC 77 ADDIS ABABA

Asefach Haileslassie Reda A.A 26 SEP 62 TIGRAY

Berhanu Kebede Akalu A.A 24 DEC 69 TIGRAY

Teklehaimanot Abera Hagos A.A 13 APR 52 AXUM

Kinfe Brhane Tirfe A.A 04 AUG 83 ADWA

Tewolde Asfaw Bekru A.A 02 MAR 64 TIGRAY

G/Hiwot Ageba Kebedew A.A 13 MAY 62 TIGRAY

Ownership – Individuals
( more than 12,600 share
holder a separate list
attached )
First Name Second Name Last Name Country of Residence Date of Birth Country of Birth % of Ownership

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Ownership – Legal
Entities( a separate list
attached)
Entity DBA and/or abbreviated Country of Government
Entity Name* % of Ownership
name(s) Incorporation Owned

Yes No

Yes No

Yes No

Yes No
*if part of a group, please provide group structure including shareholder information

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3—Details About Applicant’s Organization (continued)
Is Applicant required to comply with Anti-Money Laundering (AML) or anti-terrorist financing legislation? Yes No
If yes,

a) Indicate the applicable laws and regulations:

b) Does Applicant currently have an AML Policy and Program designed to prevent money laundering and terrorist financing?
Yes No
c) Has this policy been deemed adequate by Applicant’s regulatory supervisor?
N/A (not regulated or supervised) Yes No
If yes,

As of when and by whom? February ,2023 National Bank of Ethiopia

Were there any negative findings? No negative finding

How/when were negative findings resolved? No negative findings


Does Applicant have an AML Officer? Yes No
Does applicant have a Risk Assessment Process designed to successfully and accurately identify and apply appropriate risk management
controls? Yes No

Does the applicant provide Anti-Money Laundering compliance training to all employees? Yes No

If yes, please describe the strategy of your training program, or provide AML and Sanctions training Policies and Procedures:
The training provided for new employee with 45 days , for new BOD’s effective commencing the assignment , a refreshment training once in a year & on
demand training related to new rules & regulation or if the bank acquire new product /service
Is Applicant prohibited from conducting banking activities with the citizens or currency of the jurisdiction which issued its
license? Yes No N/A
If N/A, please explain:
Is Applicant an institution without physical presence* (i.e. offices, employees, etc.) in any country? Yes No
Is it Applicant’s policy to prohibit relationships with an institution that has no physical presence* in any country? Yes No
*(For this purpose, “physical presence” means a fixed place of business maintained by the Applicant; that the Applicant is located at an address (other than solely an electronic, post office or
accommodation address) in the country in which the Applicant is authorized to conduct banking activities; it employs at that location one or more full-time individuals; it maintains at that location
operating records related to banking activities; and it is subject to inspection by the banking authority which licensed the Applicant to conduct banking activities.)

If no, please explain:


Agency(ies) regulating payment card activity, if applicable (within country for which you are applying for a license):

Agency(ies) supervising regulatory compliance of applicant (within country for which you are applying for a license) (if applicable):

Chartering agency(ies), if applicable (Chartering agency is the governmental agency that gives the institution the right to do business as a
financial institution, whether as a bank, credit union, credit card company, building society, etc.):

Does Applicant outsource any AML or Sanctions responsibilities (KYC, Due Diligence, Transaction Monitoring, Sanctions Screening, etc.) to third
parties and or to other entities? Yes No

If yes, please specify which function(s) is outsourced and the name of the entity performing the function.

Does Applicant maintain an oversight process which monitors, audits and performs quality assurance testing over the entity and or third party performing
the outsourced function on Applicant’s behalf? Yes No

Is the oversight process documented within procedures? Yes No - If yes, attach supporting procedure documentation

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3—Details About Applicant’s Organization (continued)
Does Applicant have an executed legal contract(s) or agreement(s) detailing the outsourcing of the AML and Sanctions responsibilities with the third party
or entity? Yes No - If yes attach supporting agreement documentation

Does Applicant screen parties related to its MasterCard business (i.e. merchants, cardholders, customers, agents, third parties, etc.) against Watch Lists to
ensure that these individuals and businesses are not linked to AML or Terrorist financing? Yes No

If yes - please indicate the list(s) used for screening purposes:


Office of Foreign Assets Control (OFAC) – Lists such as Specially Designated Nationals (SDN), Sectorial Sanctions Identification(SSI) etc. Politically
Exposed Persons (PEP)
United Nations – Compendium of United Nation’s Security Council Sanctions Lists Other EU
(please provide the name of such lists)

If No, please explain

Describe the frequency of ongoing Sanctions (OFAC) screening Daily Weekly Monthly

If the Sanctions and PEP screening process is automated, please provide the name of the vendor YES Sopra

If the Sanctions and PEP screening process is manual, please provide a description of the process

Is Applicant currently, or has the Applicant ever been, operating under any regulatory enforcement action, or subject to pending litigation that could have
a material impact on the activities being applied for? Yes / No
If Yes, please explain

Does/Will Applicant participate in programs allowing money transfers? Yes / No


If Yes, please describe program details, including the countries from which transfers will originate and the countries in which these
transfers are likely to be received:
Chaina, UAE, Africa, Europe, USA

If Applicant is subject to the General Data Protection Regulation (“GDPR”) or any other applicable data protection law, is Applicant compliant with the
GDPR or other applicable data protection law for the handling of personal data? Yes No N/A
If No, please explain

AML policies and procedures


Please provide the page numbers where the following AML principles can be found within your AML policies and procedures. (If the principles below are
those policies with your application submission and provide the Policy name and page details below):

1. A process to ensure thorough client identification and due diligence: Page 12 & 18
2. Sufficient controls, resources, and monitoring systems for the prompt detection and reporting of suspicious activity: Page 28
3. Compliance with all applicable regulatory record-keeping and reporting requirements: Page 28 to 35
4. Risk Assessment processes designed to successfully and accurately identify and apply appropriate risk management controls : Page19
5. A training program for all personnel whose duties require knowledge of the AML program and requirements: page 34
6. An audit process to periodically test controls: page 11
7. Compliance with U.S. sanction programs: Page 30

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4—Participation Requested

Indicate Brand License, Participation Level and Type(s) of Activity being requested:
Mastercard Maestro Cirrus

Principal Principal Principal


Affiliate Affiliate Affiliate
Association

Issuing Issuing Issuing and Acquiring ATM*

Acquiring Merchants Acquiring Merchants Acquiring ATM*


Acquiring ATM* Acquiring ATM*
Acquiring Manual Cash
Disbursements
Originator of Payment Transaction Originator of Payment Transaction Originator of Payment Transaction
Receiver of Payment Transaction Receiver of Payment Transaction P2P
(select all that are applicable) (select all that are applicable) MoneySend
Mastercard Send Domestic Mastercard Send Domestic
MoneySend MoneySend
Mastercard Send Cross Border Mastercard Send Cross Border
Masterpass QR (MPQR) Gaming Masterpass QR (MPQR) Gaming
and Gambling and Gambling

If issuing debit, credit and/or prepaid, will cash access be restricted (i.e. controlled)? Yes No N/A

If N/A, please explain:


Will you offer any additional services? Acquiring rePower Yes No
If yes, separate registration will be required.

5—Digital Activity
Digital Wallet Operators

Will your Digital Wallet have a funding account? Yes No

If yes, please explain:

Do you currently provide a digital wallet?


Yes No
Will your digital wallet accept cards other than Mastercard cards and/or issued by another issuer?
Yes No

If yes, please explain:

If yes to any of the above, provide your Mastercard issued Wallet ID (WID):

Indicate current and projected number of combined Mastercard and Maestro wallet accounts:

Current Active Wallets Projected Active Wallets End of Year 1 Projected Active Wallets End of Year 2

About Your Implementation


Is Applicant applying to use Mastercard Digital Enablement Services (MDES)? Yes No

If no, will Applicant use a Token Service Provider (TSP)? Yes No

If yes, please name the TSP:


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As an Acquirer will you provide token services on behalf of your merchants? Yes No
©2019 Mastercard

If yes, in a separate file please provide a list of merchants that you will be offering these services to.
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6—Sponsor Information
For affiliate applicants, provide sponsor(s) information and ICA for each brand:

Mastercard Maestro Cirrus

ICA No. ICA No. ICA No.

As a Mastercard affiliate applicant, will you own or control cardholder and/or merchant agreements? Yes No

Full legal name of sponsor

Contact Name Email

7—Acquiring ATM/Cash Disbursements Outlets


Number of ATMs (on-line), Cash Disbursement Outlets, and Volume in US Dollars (cumulative)
Year 1 Year 2 Year 3

Number of ATMs and Cash Disbursements Outlets


Volume in US Dollars

8—Issuing Business Projections


Number of Accounts and Volume in US Dollars (cumulative)
Year 1 Year 2 Year 3
Card Issuing Programs Number of Volume in US Number of Volume in US Number of Volume in US
Cards Dollars Cards Dollars Cards Dollars
Mastercard

Maestro
Cirrus
Total
% of Total Processed by
Mastercard

For Mastercard or Maestro issuing programs, will applicant offer:


Credit Debit Prepaid

For Mastercard or Maestro issuing programs, what percent of portfolio will be prepaid: %

Prepaid program type (e.g. gift, personal spend, etc.):


For prepaid programs, applicants can contact appropriate regional licensing mailboxes for additional information on completing the Register a Prepaid
Program on Mastercard Connect.
For Anticipated Prepaid Programs Only:
Column A B C D E F G
Total Projected Total Projected Average Total Projected
Average Spend Spend Spend per day Unspent per Unspent Volume
# of cards per card (Column A x Column B) (Column C/365) card (Column A x Column E) Currency

Year 1
Year 2

Year 3

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9—Acquiring Business Projections
Number of Merchants and Volume in US Dollars (cumulative)

Business Plan— Mastercard Only Mastercard and Maestro Maestro Only


Year 1 Year 2 Year 3

Single Single
Largest Largest Single Largest
Number of Volume in Merchant Number of Volume in Merchant Number of Volume in Merchant
Merchant Categories Merchants US Dollars Volumes Merchants US Dollars Volumes Merchants US Dollars Volumes

High Risk Merchants*

Deferred Delivery
Merchants **

Other

Total Volume (USD)


(*) Other high-risk categories include: Internet Merchants, Limousines/Car Services, Camera Sales, Dating & Escort Services, Massage Parlors, Computer Software/Hardware, Furniture Sales,
Theatre/Ticket Agencies, Bail and Bond Payments, Membership Clubs (including Health), Employment Agencies, Time Share Sales, Casino Chips/Off-Track Betting/Bets/Lottery, and Adult
Entertainment.
(**) Deferred Delivery Merchants (“DDMs”), merchants that sell goods or services for delivery at a future date. Merchant Category Codes (“MCCs”) that contain DDMs include, but are not limited
to: Airlines and Air Carrier (MCCs 3000 through 3300, 4511), Cruise Lines (MCC 4411), Travel Agencies and Tour Operators (MCCs 4722 and 5962), Real Estate
Agents and Managers—Rentals (MCCs 6513), Timeshares (MCC 7012)

10—Originator of Payment Transactions Business Projections

Gross Dollar Volume in US Dollars (cumulative)


Mastercard Only Mastercard and Maestro Maestro Only
Business Plan Year 1 Year 2 Year 3
Identify Payment Activity Number of Volume in US Number of Volume in US Number of Volume in US
Below Transactions Dollars Transactions Dollars Transactions Dollars
Mastercard Send Domestic
MoneySend
Mastercard Send Cross
Border
Masterpass QR (MPQR)

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14—AML and Sanctions Compliance Program Certification
Applicant certifies to Mastercard that Applicant has implemented and maintains a written Anti-Money Laundering (AML) and Sanctions Compliance program
(the “Compliance Program”) which includes practices, policies, procedures, and controls necessary and sufficient to safeguard the Corporation and the
Interchange System from and against the use of the Interchange System for money laundering and/or terrorist financing.
Applicant’s Compliance Program(s) at all times and on an ongoing basis must be of such nature and scope so as to be commensurate with Applicant’s AML risk
profile and must be fully implemented and maintained in accordance with Rule 1.2.1 and local regulatory requirements. As used in this portion of the
application, the following terms have the meanings set forth in the definitions portion of the Mastercard Rules: Activity; Acquirer; Cardholder; Corporation;
Customer; Interchange System; Issuer; Mastercard; Rule; Service Provider; Third Party Processor.
As set forth in Rule 1.2.1., an Applicant’s AML Program must address, in a manner satisfactory to the Corporation, all Activity, and include, at a minimum,
all of the following:
1. A process to ensure thorough client identification and due diligence;
2. Sufficient controls, resources, and monitoring systems for the prompt detection and reporting of suspicious activity;
3. Compliance with all applicable regulatory record-keeping and reporting requirements;
4. Risk assessment processes designed to successfully and accurately identify and apply appropriate risk management controls;
5. A training program for all personnel whose duties require knowledge of the AML Program and Requirements; and
6. An audit process to periodically test controls
As further set forth in Rule 1.2.2. each Applicant or Customer, as the case may be and regardless of where situated, must ensure that all Activity is in compliance
with the sanctions laws and regulations enacted by United States sanctions authorities (including the United States Office of Foreign Assets Control [“OFAC”]
and the United States Department of State), as well as all applicable other sanctions regulations where the Activity is taking place. An applicant or Customer, as
the case may be, agrees and acknowledges that it is prohibited from engaging in Activity with any person, including any legal entity or government, or in any
geography in contravention of any regulation or other requirement promulgated by the United States sanctions authorities, as well as any applicable other
sanctions authority. Applicant or Customer, as the case may be, engaging in or proposing to engage in Activity certifies that it will have and maintain on an
ongoing basis a written sanctions compliance program (the “Sanctions Compliance Program”) that includes a policy, practices, procedures, and controls
commensurate with its risk profile. The Sanctions Compliance Program must address, to the satisfaction of the Corporation, all Activity and include, at a
minimum, all of the following
Screening
1. An Issuer must screen each of its Cardholders and Service Providers and each other representative and agent (including but not limited to, a Card program
manager) at the time of onboarding and regularly thereafter on an ongoing basis, against applicable sanctions lists, including but not limited to, OFAC
sanctions lists (such as, the Specially Designated Nationals and Blocked Persons List [the “SDN List”]).
2. An Acquirer must screen each of its Merchants and Service Providers and each other representative and agent (including, but not limited to, each Third
Party Processor at the time of onboarding, and regularly thereafter on an ongoing basis, against applicable sanctions lists, including, but not limited to,
OFAC sanctions lists (such as, the SDN List).

Prohibited Activity
1. No Activity may be conducted in a geography (country or region or other geographic area) that is the subject of applicable sanctions, such as those
identified by OFAC.
2. No Activity may be conducted with a person, entity, or government (including a Government Controlled Merchant) on the OFAC sanctions lists (such as,
the SDN List), A Customer must immediately cease any Activity with a person, entity, or government (including a Government Controlled Merchant) listed
on any of the OFAC sanctions lists.
Government Controlled Merchant : A Merchant that is a government entity or an entity that is at least fifty percent (50%) owned or controlled (either
directly, indirectly, legally or beneficially) by a government or government entity.
NOTE: Activity with an entity listed on OFAC’s Sectoral Sanctions Identifications List (“SSI List”) may only be conducted in compliance with the limitations
and conditions established by OFAC.
If Applicant is approved as a Mastercard Customer, all Rules and other Standards, including those applicable to AML and Sanctions Compliance, are applicable
and enforced on an ongoing basis to Applicant and all of Applicant’s Activity including, but not limited to, any Mastercard-branded program (such as
Mastercard, Maestro, or Cirrus).
Applicant certifies to Mastercard that Applicant is not and at no time will be in breach of any applicable law or regulation, or Mastercard Rule or other
Standard, and that Applicant promptly will provide any information Mastercard may request in connection with this Certification. Applicant acknowledges and
agrees that, should this Applicant Certification be inaccurate in any respect at any time, or should Applicant fail to address any risk associated with Activity or
arising from such Activity to Mastercard’s satisfaction, Mastercard may refuse to gran Applicant any license or may suspend, condition or terminate any license
granted, as the case may be.

By signing, the duly empowered and qualified officer of Applicant identified immediately below, certifies the above information relating to Anti- Money
Laundering and Sanctions is current, true and accurate.

Signature of Officer Typed Name and Title of Officer

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15—Applicant Certification
By the signature below of its duly empowered and authorized officer, Applicant hereby certifies as follows:
 all information provided in this application is true, accurate and complete in all respects as of the date set forth below and, until such time
as Mastercard receives contrary notice from Applicant, all such information will remain true, accurate and complete;
 this application and the information provided herein may be relied upon by Mastercard;
 Applicant has been afforded ample opportunity to consider Mastercard Bylaws, Rules, policies and operating regulations and procedures of
Mastercard (the “Standards”) and, if Applicant is approved as a Mastercard licensee, Applicant will comply with the Standards as such
Standards may be amended from time to time;
 Applicant is legally authorized to engage in the activities reflected in this application and, should Applicant outsource to any third party
and/or appoint an agent(s) to act on Applicant’s behalf with respect to any such activity, Applicant and such agents shall be legally authorized
under applicable law to engage in such activities and will perform all such activity in accordance with all applicable laws; and
 Applicant acknowledges that: (i) the granting of a Mastercard license and maintenance thereof, may be conditioned upon the delivery of letters
of credit or other similar arrangements pursuant to the Mastercard Standards, and (ii) a license from Mastercard may be terminated by
Mastercard in Mastercard’s discretion.
 Applicant agrees that any data provided may be used according to Mastercard’s posted privacy notice on
http://www.Mastercard.us/privacy/, including, to contact Applicant regarding Mastercard’s products and services.
By the signature of the undersigned, Applicant certifies all of the foregoing.

Date:
Full, Legal Name of Applicant (Month-Day-Year)

By:
Authorized Signature

Typed Name and Title of above

16—Sponsor Certification
Those organizations that are being sponsored must also have their sponsoring licensee sign Section 15 which certifies the below is true and accurate.
This certifies the Institution noted below, as a sponsor for applicant, has reviewed the AML procedures of applicant, and that such AML procedures
comply with applicable laws and regulations, as well as all Mastercard Standards (as such term is defined in the Mastercard Rules manual). Institution
has performed the following due diligence procedures related to applicant:
 Applicant, and all owners/directors/senior executives listed on the application are not listed on U.S. State Department list for sponsors of
terrorism or the U.S. Treasury’s Office of Foreign Assets Control’s specially designated nationals and blocked persons list
(http:www.treas.gov/offices/enforcement/ofac/sdn/index.html)
 Press and other public sources does not indicate money laundering risk issues

17—Sponsor Signatures
Organizations applying for affiliate licenses must also have their sponsoring Principal, Association, Principal Debit Licensee
(US Only) or TPP Sponsor (U.S. Only) sign below:

Date:
Full, Legal Name of Customer (Month-Day-Year)

By:
Authorized Signature

Typed Name and Title of Signature above

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If you have any questions regarding this form, please email the appropriate Regional Email address below.

Region Email
North America Licensing-NY@Mastercard.com
Latin America/Caribbean Licensing-LAC@Mastercard.com
Asia/Pacific/South Asia Licensing-AP@Mastercard.com
Europe Licensing-Europe@Mastercard.com
Middle East/Africa Licensing-MEA@Mastercard.com

NOTE: This application may be withdrawn if all required documentation is not provided within 90 days of receipt of original application by
Mastercard or if Risk and Anti-Money Laundering requirements are not met. If applicant still wishes to pursue a license with Mastercard,
a new application must be submitted.

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