Money Laundering and Terrorist Financing definition

Money Laundering and Terrorist Financing means the money laundering offences defined in Section 3,4 and 5 of the Law.
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Money Laundering and Terrorist Financing. , when used in this Manual, shall mean, unless the context requires otherwise, the money laundering offences defined in the Proceeds of Criminal Conduct Act, 1997 (the “Proceeds Act 1997”), as amended by the Proceeds of Criminal Conduct (Amendment) Act 2006 (the “Proceeds Act 2006”), the Proceeds of Criminal Conduct (Amendment) Act 2008 (the “Proceeds Act 2009”), the Proceeds of Criminal Conduct (Amendment) Act 2010 (the “Proceeds Act 2010”), and any amendments thereof, and in the terrorist financing offences defined in the Terrorism (United Nations Measures) (Overseas Territories) Order, 2001 and the Terrorism (United Nations Measures) (Overseas Territories) Order, 2002;
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Money Laundering and Terrorist Financing means the money laundering offences and terrorist financing offences, referred to also the following.
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Examples of Money Laundering and Terrorist Financing in a sentence

  • Government laws and regulations, such as the Money Laundering and Terrorist Financing Prevention Act (WWFT), may impose (additional) obligations on Industrial Auctions.

  • The Depositor acknowledges that the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations apply to the operation of the Account and that the Financial Institution will, from time to time, request information from the Depositor to address the reporting, record-keeping, client identification, and ongoing monitoring requirements of that legislation.

  • Under Irish AML legislation (namely the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010 (as amended) (the “AML Act”)), the ICAV and/or Administrator, acting on behalf of the ICAV, must obtain information to verify the identity and permanent address of any new investor in the Fund in accordance with the requirements of the AML Act.

  • You acknowledge that the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations apply to the operation of the Account and that We will, from time to time, adopt policies and procedures to address the reporting, record- keeping, client identification, and ongoing monitoring requirements of that legislation.

  • In accordance with the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 as amended by the Criminal Justice Act 2013 (the “Act”), please complete the area below applicable to you and provide the identity verification documentation initially requested.

  • I/We have complied with legislative requirements as set out under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 & Criminal Justice Amendment Act 2013.

  • A Licensed Firm may not assess an individual as competent to perform the Money Laundering and Terrorist Financing Reporting Function unless it is satisfied that the individual has adequate knowledge of the AML/CFT Law and AML/CFT Rules.

  • The Company has the right to terminate the agreement with the Client immediately and to prohibit the Client from withdrawing any assets if the explanations, concerning Money Laundering and Terrorist Financing issues, provided are inadequate or unsatisfactory.

  • You acknowledge that the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations apply to the operation of the Account and that we will, from time to time, adopt policies and procedures to address the reporting, record-keeping, client identification, and ongoing monitoring requirements of that legislation.

  • You agree to provide any records that may be required for the opening of your Product and its continued operation under federal and/or provincial law, including but not limited to, those necessary under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act or such other similar legislation as the case may be.


More Definitions of Money Laundering and Terrorist Financing

Money Laundering and Terrorist Financing means the money laundering offences and terrorist financing offences defined in Section 2 of the Law, referred to also the following.
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Money Laundering and Terrorist Financing means the money laundering offences and
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Money Laundering and Terrorist Financing means the money laundering offences and terrorist financing offences defined in Sub-part 3 (Offences) of the Law.
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Related to Money Laundering and Terrorist Financing

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

  • 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.

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

  • 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).

  • 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.

  • terrorist financing means the act of, directly or indirectly, providing or collecting funds with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out terrorist acts.4

  • terrorist means any person who —

  • 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-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.

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

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

  • terrorism financing means directly or indirectly, unlawfully and wilfully, provides or collects funds with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out acts of terrorism.

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

  • Executive Order shall have the meaning assigned to such term in Section 3.22.

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

  • 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.

  • Trafficking means offering, attempting to engage, or

  • State sponsor of terrorism means a country determined by the Secretary of State, under section 6(j)(1)(A) of the Export Administration Act of 1979 (50 U.S.C. App. 2405(j)(i)(A)), to be a country the government of which has repeatedly provided support for acts of international terrorism. As of the date of this provision, state sponsors of terrorism subject to this provision are Iran, Sudan, and Syria. (10 U.S.C. 2327)

  • Human trafficking means a scheme or plan to which all of the following apply:

  • Foreign terrorist organization means an organization designated as a foreign terrorist organization by the United States secretary of state as authorized by 8 U.S.C. Section 1189.

  • 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.

  • Protective order means an order appointing a conservator or other order related to management of an adult's property.

  • 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.

  • Administrative order means a written notice from the commissioners to the landowner or landowners of record and to the occupants of land informing them they are violating the district’s soil loss limit regulations or maintenance agreement and advising them of action required to conform to the regulations.

  • Payroll Tax Executive Order means the Presidential Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster, as issued on August 8, 2020 and including any administrative or other guidance published with respect thereto by any Governmental Entity (including IRS Notice 2020-65).

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