Anti-Money Laundering Code definition

Anti-Money Laundering Code means the Code on the Prevention of Money Laundering and Terrorist Financing issued by the FSC;
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Examples of Anti-Money Laundering Code in a sentence

  • The Subscriber recognizes that the Corporation is required to verify the identity of all shareholders in order to comply with the Anti-Money Laundering Code of Practice 1999 (the “Code of Practice”) and legal and regulatory requirements in the British Virgin Islands.

  • Under the Anti-Money Laundering Code 1998, a person carrying on “relevant business” is required to put procedures in place to identify an “appropriate person” to whom a suspicious report can be made.

  • In Article 3, in paragraph 6(a) for the words “is subject to the obligations set out in Directive 2005/60/EC” substitute “carries on a relevant business within the meaning of the Anti-Money Laundering Code 1998”.

  • Failure to comply with the requirements of the Anti-Money Laundering Code of Practice or any directive thereunder is punishable by a fine up to fifteen thousand dollars.

  • In Article 5, in paragraph 3(a) for the words “Articles 8(2) and 30(a) of Directive 2005/60/EC” substitute “paragraph 3 of the Anti-Money Laundering Code 1998”.

  • This has however not been provided since a departmental decision back in April 2010.4. Money-launderingThe Anti-Money Laundering Code 199869 imposes requirements on certain institutions, including local authorities in respect of any activities involving raising money, to establish anti-money laundering procedures, training and record keeping etc.

  • In Article 3, in paragraph 5(c) for the words “is subject to the obligations set out in Directive 2005/60/EC” substitute “carries on a relevant business within the meaning of the Anti-Money Laundering Code 1998 or is subject to requirements which are at least equivalent to those contained in the Code under an enactment of the United Kingdom, Bailiwick of Jersey or Bailiwick of Guernsey”.

  • Obtaining acquittal of a solicitor prosecuted in the Isle of Man for breaches of the IoM Anti-Money Laundering Code.

  • Anti-Money Laundering The third regulatory aspect relates to the Anti-Money Laundering Code the Isle of Man has put in place which applies specifically to on-line gaming businesses.

  • The sub-car adopts fully automated operation mode, and the efficiency and automation of the dock loading and unloading ship are further improved; the AGV power adopts the battery, which is more energy-saving and environmentally friendly; the AGV carrier platform has the lifting function, enabling the AGV to take the initiative to take the fixed container bracket.

Related to Anti-Money Laundering Code

  • money laundering means the conversion or transfer of property, knowing that such property is the proceeds of crime, for the purpose of concealing or disguising the illicit origin of the property or of helping any person who is involved in the commission of the predicate offence to evade the legal consequences of his or her actions, or the concealment or disguise of the true nature, source, location, disposition, movement or ownership of or rights with respect to property, knowing that such property is the proceeds of crime.

  • Anti-Money Laundering and Anti-Terrorism Laws shall have the meaning assigned thereto in Section 3.1(f)(i).

  • Anti-Money Laundering Laws means any and all laws, statutes, regulations or obligatory government orders, decrees, ordinances or rules related to terrorism financing, money laundering, any predicate crime to money laundering or any financial record keeping, including any applicable provision of the PATRIOT Act and The Currency and Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act,” 31 U.S.C. §§ 5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and 1951-1959).

  • Applicable Anti-Money Laundering Law shall have the meaning assigned to such term in Section 6.11.

  • Money Laundering Laws has the meaning set forth in Section 3.25.

  • Terrorist Act means any actual or threatened use of force or violence directed at or causing damage, injury, harm or disruption, or commission of an act dangerous to human life or property, against any individual, property or government, with the stated or unstated objective of pursuing economic, ethnic, nationalistic, political, racial or religious interests, whether such interests are declared or not. Criminal acts, primarily committed for personal gain and acts arising primarily from prior personal relationships between perpetrator(s) and victim(s) shall not be considered terrorist acts. Terrorist act also includes any act, which is verified or recognised by the (relevant) Government as an act of terrorism.

  • Anti-Terrorism Law means any Law in force or hereinafter enacted related to terrorism, money laundering, or economic sanctions, including Executive Order No. 13224, the USA PATRIOT Act, the International Emergency Economic Powers Act, 50 U.S.C. 1701, et. seq., the Trading with the Enemy Act, 50 U.S.C. App. 1, et. seq., 18 U.S.C. § 2332d, and 18 U.S.C. § 2339B, and any regulations or directives promulgated under these provisions.

  • Anti-Terrorism Laws are any laws relating to terrorism or money laundering, including Executive Order No. 13224 (effective September 24, 2001), the USA PATRIOT Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered by OFAC.

  • Proceeds of Crime Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), as amended from time to time, and including all regulations thereunder.

  • Anti-Terrorism Order means Executive Order No. 13,224 of September 24, 2001, Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit or Support Terrorism, 66 U.S. Fed. Reg. 49, 079 (2001), as amended.

  • Sanctions Laws and Regulations means any sanctions, prohibitions or requirements imposed by any executive order (an “Executive Order”) or by any sanctions program administered by OFAC.

  • OFAC Regulations means the regulations promulgated by OFAC, as amended from time to time.

  • Data Protection Laws and Regulations means all laws and regulations, including laws and regulations of the European Union, the European Economic Area and their Member States, Switzerland and the United Kingdom, applicable to the Processing of Personal Data under the Agreement.

  • Corrective order means an order issued by the commissioner specifying corrective actions that the commissioner has determined are required.

  • Proceeds of crime means any property derived from or obtained, directly or indirectly, through the commission of an offence;

  • Terrorism means an ideologically motivated unlawful act or acts, including but not limited to the use of violence or force or threat of violence or force, committed by or on behalf of any group(s), organization(s) or government(s) for the purpose of influencing any government and/or instilling fear in the public or a section of the public.

  • Anti-Corruption and Anti-Bribery Laws means the Foreign Corrupt Practices Act of 1977, as amended, any rules or regulations thereunder, or any other applicable United States or non-U.S. anti-corruption or anti-bribery laws or regulations.

  • Applicable Anti-Corruption and Bribery Laws means international, federal, state, provincial and local laws, rules, regulations, directives and governmental requirements currently in effect and as they become effective relating in any way to the Contractor’s provision of goods and/or services to Authority, including without limitation “FCPA” or any applicable laws and regulations, including in the jurisdiction in which the Contractor operates and/or manufac- tures goods for the Authority, relating to anti-corruption and bribery.

  • Anti-Bribery Law means any bribery, fraud, kickback, or other similar anti-corruption law or regulation to which You are subject in relation to the arrangements contemplated by these Terms (including without limitation the Xxxxxxx Xxx 0000 and the Criminal Finances Act 2017);

  • Data Protection Legislation means the Data Protection Act 1998 and all applicable laws and regulations relating to processing of personal data and privacy, including where applicable the guidance and codes of practice issued by the Information Commissioner or relevant Government department in relation to such legislation;

  • UK Data Protection Legislation means all applicable data protection and privacy legislation in force from time to time in the UK including the UK GDPR; the Data Protection Act 2018; the Privacy and Electronic Communications Directive 2002/58/EC (as updated by Directive 2009/136/EC) and the Privacy and Electronic Communications Regulations 2003 (SI 2003/2426) as amended.

  • terrorist offences means offences as defined in Article 3(1) of Directive (EU) 2017/541;

  • OFAC Sanctions means any sanctions program administered by the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”) under authority delegated to the Secretary of the Treasury (the “Secretary”) by the President of the United States or provided to the Secretary by statute, and any order or license issued by, or under authority delegated by, the President or provided to the Secretary by statute in connection with a sanctions program thus administered by OFAC. For ease of reference, and not by way of limitation, OFAC Sanctions programs are described on OFAC’s website at xxx.xxxxx.xxx/xxxx.

  • U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • terrorist means any person who —