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.

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 is defined to mean a person who is widely and publicly known to maintain an unusually close relationship with a senior foreign political figure. 7 FATF has designated certain countries or territories as Non-Cooperative countries and Territories (“Non- Cooperative Jurisdictions”). The list of Non-Cooperative Jurisdictions is available at: xxxx://xxx.xxxx-xxxx.xxx. 8 The termoffshore bank” refers to a foreign bank that is barred, pursuant to its banking license, from conducting banking activities with the citizens of, or with the local currency of, the country that issued the license.
close associate means in relation to any Director, shall have the meaning as ascribed to it in the Listing Rules except that for purposes of Articles 104 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 a person who holds a legally recognized financial interest in,
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 any individual closely connected to the Entity, either socially or professionally.