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.
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/pages/glossary/fatfrecommendations/d-i/), ii. Corrupt Practice, and iii. if or when applicable, through Fraud against the Financial Interests of the European Communities.
Illicit Origin means any origin which is illicit, criminal or fraudulent, including, without limitation, corruption, Terrorist Financing, and tax evasion.

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.

  • 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.

  • This change of status is, undoubtedly, a major achievement for the Mexican government, and it is also the result of multiple public policy amendments that ultimately led to the proclamation of the Federal Law for Preventing and Identifying Operations with Resources of Illicit Origin, (LFPIORPI) as we currently know it.

  • They also 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.

  • Jury Convicts Defendant of Structuring, No Illicit Origin ofFunds AllegedA jury found the defendant guilty of structuring after a pattern of transactions designed to evade currency transaction reporting requirements was identified.

  • 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.

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

  • Money laundering act: full name Federal Lawfor Preventing and Identifying Operations with Resources of Illicit Origin.


More Definitions of Illicit Origin

Illicit Origin means funds obtained through:
Illicit Origin means any origin which is illicit or fraudulent including, without limitation, drug trafficking, corruption, organised criminal activities, terrorism, money laundering or fraud.
Illicit Origin shall have the meanings given to them in Attachment 6 (Definitions)
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.
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:
Illicit Origin means any origin which is illicit, criminal or fraudulent, including without limitation, corruption, Terrorist Financing, and tax evasion.

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.

  • Sex trafficking means the recruitment, harboring, transportation, provision, or obtaining of a person for the purpose of a commercial sex act.

  • National origin means the place of birth of an individual or of any of the individual’s lineal ancestors.

  • Corrupt and Fraudulent Practices means either one or any combination of the practices given below;

  • Privacy Act means the Privacy Act 1988 (Cth).

  • Educator practice instrument means an assessment tool that provides: scales or dimensions that capture competencies of professional performance; and differentiation of a range of professional performance as described by the scales, which must be shown in practice and/or research studies. The scores from educator practice instruments for teaching staff members other than teachers, Principals, Vice Principals, and Assistant Principals may be applied to the teaching staff member’s summative evaluation rating in a manner determined by the school district.

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

  • Federal contract information means information, not intended for public release, that is provided by or generated for the Government under a contract to develop or deliver a product or service to the Government, but not including information provided by the Government to the public (such as on public Web sites) or simple transactional information, such as necessary to process payments.

  • Fair Credit Reporting Act The Fair Credit Reporting Act of 1970, as amended.

  • Business with which he is associated means any business of which a public servant or his relative is an officer, director, owner, partner, employee or is a holder of more than ten percent (10%) of the fair market value or from which he or his relative derives more than Two Thousand Five Hundred Dollars ($2,500.00) in annual income or over which such public servant or his relative exercises control.

  • 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.

  • Loss Absorption Regulations means, at any time, the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments of the United Kingdom, the PRA, the United Kingdom resolution authority, the Financial Stability Board and/or of the European Parliament or of the Council of the European Union then in effect in the United Kingdom including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments adopted by the PRA and/or the United Kingdom resolution authority from time to time (whether or not such regulations, requirements, guidelines, rules, standards or policies are applied generally or specifically to the Company or to the Regulatory Group).

  • Export-controlled items means items subject to the Export Administration Regulations (EAR) (15 CFR parts 730-774) or the International Traffic in Arms Regulations [(ITAR)] (22 CFR parts 120-130). The term includes—

  • Patient Information means information (however recorded) which—

  • Conventional filtration treatment means a series of processes including coagulation, flocculation, sedimentation, and filtration resulting in substantial particulate removal.

  • 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

  • pseudonymisation means the processing of personal data in such a manner that the personal data can no longer be attributed to a specific data subject without the use of additional information, provided that such additional information is kept separately and is subject to technical and organisational measures to ensure that the personal data are not attributed to an identified or identifiable natural person;

  • False alarm means an Alarm Dispatch Request to the Police Department, which results in the responding officer finding no evidence of a criminal offense or attempted criminal offense after completing an investigation of the Alarm Site.

  • monopoly supplier of a service means any person, public or private, which in the relevant market of the territory of a Party is authorised or established formally or in effect by that Party as the sole supplier of that service;

  • Byproduct material means any radioactive material (except Special Nuclear Material) yielded in, or made radioactive by, exposure to the radiation incident to the process of producing or utilizing Special Nuclear Material.

  • Point of origin means the specific location on carrier's system as designated in its tariff where carrier accepts petroleum product for shipment and may be referred to in other items of this tariff as "origin station or origin."

  • Export Control Laws means all applicable export and re-export control laws and regulations, including (a) the Export Administration Regulations (“EAR”) maintained by the U.S. Department of Commerce, (b) trade and economic sanctions maintained by the U.S. Treasury Department’s Office of Foreign Assets Control, and (c) the International Traffic in Arms Regulations (“ITAR”) maintained by the U.S. Department of State.

  • Privacy Requirements shall have the meaning set forth in Section 3.19.

  • 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".