Illicit Origin definition

Illicit Origin means any origin which is illicit or fraudulent, or in breach of Sanctions including without limitation, drug trafficking, corruption, organised criminal activities, terrorism, money laundering or fraud.
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Illicit Origin means funds obtained through: (i) the commission of any predicate offence as designated in the FATF 40 Recommendations Glossary (xxxx://xxx.xxxx- xxxx.xxx/xxxxx/xxxxxxxx/xxxxxxxxxxxxxxxxxxx/x-x/), (ii) Corrupt Practice, and (iii) if or when applicable, through Fraud against the Financial Interests of the European Communities.
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Illicit Origin means any origin which is illicit, fraudulent or in breach of Sanctions including, without limitation, drug trafficking, corruption, organised criminal activities, terrorism, money laundering or fraud.
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Examples of Illicit Origin in a sentence

  • Concealment of the Illicit Origin of the Funds Involved A key goal of criminals involved in ML/FT operations is to conceal the illicit source of the funds they are attempting to launder, in order to be able to place those funds into the financial system.

  • Authorities suspect that at least 73 of these companies facilitated crimes in foreign jurisdictions, included the smuggling of illegal goods, arms smuggling, tax fraud, investment fraud and money laundering.Concealment of the Illicit Origin of the Funds Involved A key goal of criminals involved in ML/FT operations is to conceal the illicit source of the funds they are attempting to launder, in order to be able to place those funds into the financial system.

  • No payments made by the Guarantor in respect of amounts due under the Loan Agreement or any Finance Document shall be funded out of funds of Illicit Origin and none of the sources of funds to be used by the Guarantor in connection with the construction of the Ship or its business shall be of Illicit Origin.

  • U.N. Human Rights Council, The Negative Impact of the Non-Repatriation of Funds of Illicit Origin to the Countries of Origin on the Enjoyment of Human Rights, and the Importance of Improving International Cooperation, ¶ 8, U.N. Doc.

  • They encouraged member states to consider implementing the recommendations of the 2005 Commonwealth Expert Working Group on the Recovery and Repatriation of Assets of Illicit Origin.

  • Heads of Government accepted for implementation the recommendations of the Report of the Commonwealth Expert Group on the Recovery and Repatriation of Assets of Illicit Origin.

  • Trades resulting from orders transmitted via DMA by customers whose accounts are linked to a master account will be subject to the procedures, criteria and rules currently in force for master accounts, pursuant to Circular Letter 016/2008-DP.

  • Further, a special Department for the Confiscation of Property of Illicit Origin in the Prosecutor’s General Office was set up in 2020.

  • The law created a special Department for the Confiscation of Property of Illicit Origin in the Prosecutor’s General Office tasked with investigating the property holdings of officials and ascertaining whether any illegally gained funds were used for their purchase.

  • In addition to criminal investigations regulated by the Criminal Procedure Act, financial investigations have also been introduced with the adoption of the Confiscation of Property of Illicit Origin Act (ZOPNI) in October 2011.1 These are not part of criminal proceedings but are carried out separately and independently of criminal investigations.


More Definitions of Illicit Origin

Illicit Origin means funds obtained through:
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Illicit Origin shall have the meanings given to them in Attachment 6 (Definitions)
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Illicit Origin means funds obtained through: the commission of any designated categories of offences under FATF 40 (xxxxx://xxx.xxxx-xxxx.xxx/media/fatf/documents/FATF%20Standards%20-%2040%20Recommendations%20rc.pdf) any Act of Corruption; or any Fraud against the Financial Interests of the European Community, if or when applicable. The Service Provider shall (i) use its best efforts ensure that its equity and assets will not come from Illicit Origin the Services, (ii) ensure that the Services shall not give rise to any Act of Corruption, Fraud or Anti-Competitive Practice, (iii) inform Project Owner with immediately upon becoming aware of or suspecting any Act of Corruption, Fraud or Anti-Competitive Practice, (iv) take all necessary measures to remedy the situation in a manner satisfactory to Project Owner and the Funding Sources and within the time period determined by Project Owner and/or the Funding Sources, and notify Project Owner immediately of any information which leads to suspect the Illicit Origin of funds invested in the Services.
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Illicit Origin means any origin which is illicit, criminal or fraudulent, including without limitation, corruption, Terrorist Financing, and tax evasion.
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Illicit Origin means any origin which is illicit or fraudulent, including, without limitation, drug trafficking, corruption, organised criminal activities, terrorism, money laundering or fraud. Increased Cost means:
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Related to Illicit Origin

  • Origin means the place where the Information Technologies, Materials, and other Goods for the System were produced or from which the Services are supplied. Goods are produced when, through manufacturing, processing, Software development, or substantial and major assembly or integration of components, a commercially recognized product results that is substantially different in basic characteristics or in purpose or utility from its components. The Origin of Goods and Services is distinct from the nationality of the Supplier and may be different.

  • Counterfeit drug means a drug that, or the container or

  • School of origin means the school or preschool that a child or youth attended when permanently housed, or the school in which the child or youth was last enrolled. When a child or youth completes the final grade level served by the school of origin, the school of origin includes the designated receiving school at the next grade level for all feeder schools.

  • Country of origin means the place where the goods were mined, grown or produced or from which the services are supplied. Goods are produced when, through manufacturing, processing or substantial and major assembly of components, a commercially recognized new product results that is substantially different in basic characteristics or in purpose or utility from its components.

  • Trafficking means offering, attempting to engage, or

  • Privacy Requirements means all applicable Privacy Laws and all of the Acquired Companies’ policies, notices, and contractual obligations relating to the receipt, collection, compilation, use, storage, processing, sharing, safeguarding, security (technical, physical and administrative), disposal, destruction, disclosure, or transfer (including cross-border) of Personal Information.

  • Manufactured home means a structure, transportable in one or more sections, which is built on a permanent chassis and is designed for use with or without a permanent foundation when attached to the required utilities. The term "manufactured home" does not include a "recreational vehicle".