close associate definition

close associate means a natural person who is closely connected to a politically exposed person, either socially or professionally;
close associate means someone with whom you are in close regular contact over a period of time who is more than an acquaintance. It may be a friend, a colleague, a business associate or someone you know through general social contacts. It is someone a reasonable member of the public would think you might be prepared to favour/disadvantage (“close association” shall be construed accordingly).
close associate. With respect to a Senior Foreign Political Figure, a person who is widely and publicly known internationally to maintain an unusually close relationship with the Senior Foreign Political Figure, and includes a person who is in a position to conduct substantial domestic and international financial transactions on behalf of the Senior Foreign Political Figure. FATF: The Financial Action Task Force on Money Laundering.

Examples of close associate in a sentence

  • You may accept a gift which is given to you, or a Close Associate, in your role as a Board Member of the DFSA, where it would be impolite to refuse to do so and provided it is not lavish or could be perceived as intended to influence the DFSA’s decisions or business dealings.

  • GeneralIn your role as a Member, you or a Close Associate (see definition on page 30) may from time to time be given a gift or offered hospitality or some other benefit (Benefits).

  • As such, it is the responsibility of the Contractor to conduct appropriate inquiry regarding the third-party and consult the Compliance Department to assist with screening, if appropriate, prior to engaging in business dealings.Pre-approval is required by the Chief Compliance Officer prior to a Contractor providing anything of value directly or indirectly to a Government Official or Relative or Close Associate (“RCA”) of a Government Official.


More Definitions of close associate

close associate is a person who is widely and publicly known to maintain an unusually close relationship with a Senior Foreign Political Figure, and includes a Person who is in a position to conduct substantial United States and non-United States financial transactions on behalf of the Senior Foreign Political Figure.
close associate means a natural person who is closely connected to a politically
close associate means any natural person who is known to hold the ownership or control of a legal instrument or person jointly with a politically exposed person, or who maintains some other kind of close business or personal relationship with a politically exposed person, or who holds the ownership or control of a legal instrument or person which is known to have been established to the benefit of a politically exposed person;
close associate. ' means a person who holds a legally recognized financial interest in,
close associate means in relation to any Director, shall have the same meaning as ascribed to it in the Listing Rules except that for purposes of Article 107 where the transaction or arrangement to be approved by the Board is a connected transaction under Chapter 14A of the Listing Rules, it shall have the same meaning as that ascribed to “associate” in the Listing Rules.
close associate means any individual closely connected to the Entity, either socially or professionally.
close associate means any individual or entity having personal or business relationship of any kind with an Employee.