FAFT definition

FAFT means the Financial Action Task Force on Money Laundering;
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Examples of FAFT in a sentence

  • Additionally, in cases where the Subcontractor decides to receive the Remuneration to the means of payment of a third party, the Subcontractor may not specify the third party's means of payment which fall under the regulation of any legislative act on anti-money laundering and counter-terrorism financing, including but not limited to the Financial Action Task Force (FAFT) Recommendations.

  • DNFBPs are understood to be those defined by the FAFT Recommendations.

Related to FAFT

  • Commercial Services means any waste management service, relating or connected to accumulating, collecting, managing, recycling, sorting, storing, treating, transporting, disposing, buying or selling of waste or any other manner of handling waste excluding services rendered by the municipality;

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • financial services means any service of a financial nature, including (but not limited to) —

  • dBA means sound pressure level measured on the "A" weight scale in decibels.

  • one-way street means a road in which vehicles are prohibited at all times from proceeding in any other than one direction.