Advisory Authority definition

Advisory Authority means the Advisory Authority for Combating Money Laundering and Terrorist Financing which is established under section 56;
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Advisory Authority means the Advisory Authority for combating Money Laundering which is established under section 55;
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Advisory Authority means the Advisory Authority for Combating Money Laundering and Terrorist Financing which is established under Section 56 of the Prevention and Suppression of Money Laundering Activities Law of 2007 to 2022, as amended from time to time.
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Examples of Advisory Authority in a sentence

  • The Puerto Rico Fiscal Agency and Financial Advisory Authority ("FAFAA'') may engage the services of law firms or sole practitioner attorneys (collectively and hereinafter "Outside Counsel") to provide certain legal services for managing its legal risks and affairs (the "Legal Services").

  • The only consideration to be received in exchange for the delivery of goods or for the Services provided is the agreed-upon price that has been negotiated with an authorized representative of the Puerto Rico Fiscal Agency and Financial Advisory Authority.

  • The only consideration to be received in exchange for the delivery of goods or for the Services provided is the agreed-upon price that has been negotiated with an authorized representative ofthe Puerto Rico Fiscal Agency and Financial Advisory Authority.

  • PREPA is party to a Restructuring Support Agreement with certain creditors in which a series of work streams need to be completed across the existing timeline in the RSA, and while the RSA negotiations are being led by Puerto Rico Fiscal Agency and Financial Advisory Authority (FAFAA), PREPA requires advice on related matters regarding, among others, the securitization bonds to be issued for the benefit of PREPA by Puerto Rico Electric Power Authority Revitalization Corporation (the Corporation).


More Definitions of Advisory Authority

Advisory Authority means the Advisory Authority for Combating Money Laundering and Terrorist Financing which is established under Section 56 of the Law; "Beneficial Owner" means the natural person or natural persons, who ultimately owns or control the Client and/or the natural person on whose behalf a transaction or activity is being conducted.The Beneficial Owner shall at least include:(a) In the case of corporate entities:the natural person who ultimately owns or controls a corporate entity through direct or indirect ownership of a sufficient percentage of the shares or voting rights or ownership interest in that corporate entity, including through bearer shareholdings, or through control via other means, other than a company listed on a regulated market that is subject to disclosure requirements consistent with European Union law or subject to equivalent international standards which ensure adequate transparency of ownership information.Provided that:(a) an indication of direct shareholding shall be a shareholding of 25% plus one share or an ownership interest of more than 25% in the client held by a natural person; and(b) an indication of indirect ownership shall be a shareholding of 25% plus one share or an ownership interest of more than 25% in the client held by a corporate entity, which is under the control of a natural person, or by multiple corporate entities, which are under the control of the same natural person or persons.Provided further that the control by other means can be verified, inter alia, based on the criteria provided for in section 142 (1) (b) (annual and consolidated financial statements)and section 148 (parent and subsidiary companies)of the Companies Law;the natural person who holds the position of senior managing official if, after having exhausted all possible means and provided there are no grounds for suspicion, no person under sub paragraph (i) of the present paragraph is identified, or if there is any doubt that the person identified is the beneficial owner:
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Advisory Authority means the Advisory Authority for Combating Money Laundering and Terrorist Financing.
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