Third Money Laundering Directive definition

Third Money Laundering Directive means Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing2, as amended by the following:
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Third Money Laundering Directive means Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005
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Third Money Laundering Directive means Directive 2005/60/EC of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing; and
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Examples of Third Money Laundering Directive in a sentence

  • The Third Money Laundering Directive was incorporated into UK law by the Money Laundering Regulations 2007.

  • A noteworthy illustration was the translation of the Third Money Laundering Directive (2005/60/EC), when national authorities were faced with a new legal concept that derives from the common law equity doctrine.

  • Designation of places imposing requirements equivalent to Third Money Laundering Directive.

  • The definition provided in Article 2 of the PMLA transposes Article 1(2) of the EU Third Money Laundering Directive (2005/60/EC).

  • This Legal Notice transposed the EU’s Third Money Laundering Directive, namely Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing.

  • The most significant change in the AML regime since Phase 2 is the enactment of Act 10/2010 on prevention of money laundering and terrorist financing, which entered into force on 30 April 2010 and which transposes the European Directive 2005/60/EC (the Third Money Laundering Directive).

  • North Sound BH-ASO shall monitor the Provider's performance on an ongoing basis and subject to formal review consistent with industry standards or State Law and Regulation.Fiscal management, including documenting the provider's cost allocations, revenues, and expenditures in order to ensure that funds under the Contract are being spent.

  • We conduct customer due diligence, in the form of the collection of appropriate documentary evidence and other relevant checks on all our clients and where applicable beneficial owners, in line with the requirements specified in the Third Money Laundering Directive or equivalent.

  • The Commission presented a proposal for a Third Money Laundering Directive and a Regulation on control of cash entering or leaving the Community.

  • Implementation of the Third Money Laundering DirectiveWe were asked about the situation with countries outside the EU implementing the Third Money Laundering Directive.MONEYVAL, a FATF Style Regional Body under the auspices of the Council of Europe, evaluates all its members, whether or not they are members of the EU, against a number of standards, including aspects of the Third Money Laundering Directive.

Related to Third Money Laundering Directive

  • 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.

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

  • Anti-Money Laundering Laws means all anti-money laundering and counter-terrorist financing laws, rules, regulations, executive orders and requirements administered by any governmental authority of the United States (including the U.S. Bank Secrecy Act, the U.S.A. PATRIOT Act, the Money Laundering Control Act, and regulations of the U.S. Treasury Department which implement such acts) or any other applicable domestic or foreign authority with jurisdiction over Customer.

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

  • Environmental and Social Management Framework or “ESMF” means an instrument satisfactory to the Association, prepared and adopted by the Recipient and dated February 5, 2010 outlining the process for management of the environmental and social aspects of the Project as the same may be amended from time to time with the Association’s prior written concurrence.

  • 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.

  • 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.

  • Violent crime means a forcible felony, as defined in Iowa Code section 702.11, and includes any other felony or aggravated misdemeanor which involved the actual or threatened infliction of physical or emotional injury on one or more persons.

  • 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.

  • Anti-Terrorism Law means any Law in force or hereinafter enacted related to terrorism, money laundering, or economic sanctions, including the Bank Secrecy Act, 31 U.S.C. § 5311 et seq., 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.

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

  • Environmental and Social Management Plan or “ESMP” means a site-specific environmental and social management plan to be prepared in accordance with the parameters laid down in the ESMF and acceptable to the Association, setting forth a set of mitigation, monitoring, and institutional measures to be taken during the implementation and operation of the Project activities to eliminate adverse environmental and social impacts, offset them, or reduce them to acceptable levels, and including the actions needed to implement these measures.

  • Anti-Terrorism Laws are any laws relating to terrorism or money laundering, including Executive Order No. 13224 (effective September 24, 2001), the USA PATRIOT Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered by OFAC.

  • Patriot Act Offense means any violation of the criminal laws of the United States of America or of any of the several states, or that would be a criminal violation if committed within the jurisdiction of the United States of America or any of the several states, relating to terrorism or the laundering of monetary instruments, including any offense under (A) the criminal laws against terrorism; (B) the criminal laws against money laundering, (C) the Bank Secrecy Act, as amended, (D) the Money Laundering Control Act of 1986, as amended, or (E) the Patriot Act. “Patriot Act Offense” also includes the crimes of conspiracy to commit, or aiding and abetting another to commit, a Patriot Act Offense.

  • 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.

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

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

  • Victim of a crime means a person who has suffered personal or

  • terrorist means any natural person who:

  • 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.

  • Crime of violence means any of the following offenses under federal, state, or local law: murder, manslaughter, kidnapping, aggravated assault, forcible sex offenses (including where consent to the conduct is not given or is not legally valid, such as where consent to the conduct is involuntary, incompetent, or coerced), statutory rape, sexual abuse of a minor, robbery, arson, extortion, extortionate extension of credit, burglary of a dwelling, or any other offense under federal, state, or local law that has as an element the use, attempted use, or threatened use of physical force against the person of another.

  • Best management practice or “BMP” means structural or non-structural measures, practices, techniques or devices employed to avoid or minimize sediment or pollutants carried in runoff to waters of the state.

  • Administration of criminal justice means performance of any activity directly involving the

  • Waste Framework Directive or “WFD” means Waste Framework Directive 2008/98/EC of the European Parliament and of the Council on waste

  • Sanctions Laws and Regulations means any sanctions, prohibitions or requirements imposed by any executive order (an “Executive Order”) or by any sanctions program administered by OFAC.