AML Directives definition

AML Directives means the 4th and 5th AML Directives and the AML Criminal Law Directive.
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AML Directives means the 4th and the 5th AML Directives and the AML Criminal Law Directive.
Sample 1Sample 2Sample 3
AML Directives means the 4th and the 5th AML Directives and the AML Criminal Law Directive. “Annual Financial Statement” means the audited annual report for the period starting the 1st of January and ending the 31 December of each year. "Authorisation" means an authorisation, permit, consent, approval, resolution, licence, exemption, filing, notarisation or registration. "Authorised Signatory" means a person authorised to sign individually or jointly (as the case may be) Disbursement Acceptances on behalf of the Borrower and named in the most recent List of Authorised Signatories and Accounts received by the Bank prior to the receipt of the relevant Disbursement Acceptance. "Business Day" means a day (other than a Saturday or Sunday) on which the Bank and commercial banks are open for general business in Luxembourg and in Hamburg. "Cash and Cash Equivalent Investments" means, for any financial year, the aggregate of: (a) cash in hand or on deposit with any bank, including, without limitation, any amounts standing to the credit of any current account and any overnight and time deposits; (b) any investment in money market funds according to the most recent Investment Policy of the Borrower as per the balance sheet position in the Annual Financial Statement of the Borrower, a copy of which to be provided to the Bank upon request;
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Examples of AML Directives in a sentence

  • On the other hand, AML Directives require e-money issuers to carry out sufficient monitoring of the transactions to apply customer due diligence exemptions.

  • Certain additional requirements imposed by Member States when transposing AML Directives might however contribute to a stronger AML/CFT framework and could be integrated into the future EU rulebook.

  • The new AML law entered into force in January 2020 and intends to transpose the 4th and the 5th AML Directives.

  • Subject to specific obligations set forth in this or other written agreements between Ovation and SJE, each party will determine, in its sole discretion, the manner and means by which it will perform its responsibilities under this Agreement.

  • Douglas - Principles of Language Learning and Teaching-Pearson Longman (2000).pdf,” n.d. Budi, Herman Setyo, “Students Reading Comprehension on Narrative Text at the Second Grade of SMK Bhineka Karya 05 Teras” (The State Islamic Institute of Surakarta, 2017).

  • The FIU as well as other competent authorities shall have unrestricted access to the information for the purpose of carrying out their duties under the 4th and 5th AML Directives.

  • By comparing the Second and the Third AML Directives, one may easily observe the transformation of the EU anti- money laundering regime into more comprehensive and a consistent law.The most recent AML/CFT law at the EU level is the Fourth AML Directive73 enacted in 2015 with the purpose of improving the uniformity and of responding to the inconsistencies of the AML/CFT rules at the EU level.

  • THE RELATIONSHIP BETWEEN CRIMINAL AND ADMINISTRATIVE LAWIn addition to the prohibition of money laundering as such, EU anti-money laundering law has introduced sanctions for non-compliance with the money laundering preventive duties imposed by the AML Directives upon the private sector.

  • Urgent amendments are therefore needed.2. Current Legal Framework The FATF 2012 Recommendations and the EU 3rd and 4th AML Directives contain a similar basic definition of who the beneficial owner(s) are in the context of a legal entity.

  • Complex legal entity ownership structures can raise suspicions about the legitimacy of such a structure, especially in the case of a jurisdiction that is associated with a high risk of money laundering1.In this regard, the European Union (the ‘EU’) has adopted the 4th and 5th AML Directives, which—inter alia—increase transparency and increase access to beneficial ownership information through the establishment of national central registries.

Related to AML Directives

  • Directives means intergovernmental, interagency, or interdepartment administrative or procedural guidelines or instructions which do not affect the rights of, or procedures and practices available to, the public.

  • CRD Directive means Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (as amended from time to time, including by Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019);

  • Council Directive means Council Directive 89/552/EEC of 3 October 1989 on the co-ordination of certain provisions laid down by law, regulation or administrative action in Member States concerning the pursuit of television broadcasting activities as amended by Directive 97/36/EC of the European Parliament and of the Council of 30 June 1997 and by Directive 2007/65/EC of the European Parliament and of the Council of 11 December 2007. A simplified and codified version of these Directives was introduced in 2010: the Audiovisual Media Services Directive 2010/13/EU.

  • Medical direction means direction, advice, or orders provided by a medical director, supervising physician, or physician designee (in accordance with written parameters and protocols) to emergency medical care personnel.

  • UCITS Directive means Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, as amended;

  • General Directions means The Traffic Signs Regulations and General Directions 2002”

  • Technical Direction means developing work statements, determining parameters, directing other Contractors' operations, or resolving technical controversies.

  • Advance health care directive means a power of attorney for health care or a record signed by a prospective donor containing the prospective donor's direction concerning a health care decision for the prospective donor.

  • CRD IV Directive means Directive 2013/36/EU on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms of the European Parliament and of the Council of 26 June 2013, as the same may be amended or replaced from time to time.

  • Waste Framework Directive or “WFD” means Waste Framework Directive 2008/98/EC of the European Parliament and of the Council on waste

  • the Directive means Council Directive 2003/4/EC(d) on public access to environmental information and repealing Council Directive 90/313/EEC;

  • Advance directive means a document that contains a health care instruction or a power of attorney for health care.

  • Usage directions means the text or graphics on the product's principal display panel, label, or accompanying literature which describes to the end user how and in what quantity the product is to be used.

  • Medical director means any physician licensed under Iowa Code chapter 148, 150, or 150A who shall be responsible for overall medical direction of the service program and who has completed a medical director workshop, sponsored by the department, within one year of assuming duties.

  • Change Directive means a written order signed by the procurement officer that

  • Quality Assurance Program means the overall quality program and associated activities including the Department’s Quality Assurance, Design-Builder Quality Control, the Contract’s quality requirements for design and construction to assure compliance with Department Specifications and procedures.

  • Airworthiness Directive or “AD” means any airworthiness directive issued by the Certificating Authority, in addition to any airworthiness directive issued by the Aeronautics Authority, each to the extent the same is applicable to the Aircraft and/or any Item of Equipment.

  • Funeral directing means the for-profit profession of directing or supervising funerals, preparing

  • Medical Review Officer (MRO means a licensed M.D. or D.O. with knowledge of drug abuse disorders, employed or used by the City to review drug results in accordance with this procedure.

  • Clinical Director means an individual who meets the minimum requirements set forth in Title 9, CCR, and has at least two (2) years of full-time professional experience working in a mental health setting.

  • Medication administration means the direct application of medications by injection, inhalation, ingestion, or any other means to an individual receiving services by (i) persons legally permitted to administer medications or (ii) the individual at the direction and in the presence of persons legally permitted to administer medications.

  • Medical Review Officer (MRO) means a licensed physician responsible for receiving and reviewing laboratory results generated by the school district’s drug testing program and for evaluating medical explanations for certain drug tests.

  • College board means the state board for community and

  • Mobile crisis outreach team means a crisis intervention service for minors or families of minors experiencing behavioral health or psychiatric emergencies.

  • Air Standards Manager means the Manager, Human Toxicology and Air Standards Section, Standards Development Branch, or any other person who represents and carries out the duties of the Manager, Human Toxicology and Air Standards Section, Standards Development Branch, as those duties relate to the conditions of this Certificate.

  • Clinical supervisor means an individual who provides clinical supervision.