money laundering definition

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.

money laundering refers to: (a) 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 crime to evade the legal consequences of his or her action; (b) 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; 3 or (c) the acquisition, possession or use of property knowing at the time of its receipt that it is derived from a criminal offence.

money laundering means the conversion or transfer of property, knowing that such property is the proceedsof crime, for the purpose of concealing or disguising the illicit origin of the property or of helping any personwho 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.

Examples of money laundering in a sentence

• The operations of the Company and its subsidiaries are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any Governmental Entity (collectively, the "Money Laundering Laws").

• No action, suit or proceeding by or before any Governmental Entity involving the Company or any of its subsidiaries with respect to the Money Laundering Laws is pending or, to the best knowledge of the Company, threatened which would reasonably be expected to have a Material Adverse Effect.

• Money Laundering Act 2004 we are required to obtain photographic identification of any persons purchasing a property through our firm.

• Failure to comply with the relevant Money Laundering requirements may result in the refusal to effect transactions in a product or service as defined, the withholding of redemption proceeds and/ or commissions and/or the inability to effect further transactions in any product or service as offered from time to time by Rowan Dartington Intermediaries.

• As such, to comply with Anti Money Laundering legislation, we may request additional information regarding our customers’ source of funds when certain thresholds are reached.

More Definitions of money laundering

money laundering has the meaning as set forth at paragraph a below.

money laundering means the acquisition, possession, use, conversion, transfer or concealment of the true nature of property of any description, and legal documents or instruments evidencing title to, or interest in, such property, knowing that such property is an economic advantage from criminal offences, for the purpose of:

money laundering means conduct by 1 or more persons that conceals the existence, illegal source, or illegal application of income and then disguises that income to make it appear legitimate. Money laundering includes, but is not limited to, conduct that violates any state or federal law that imposes a criminal penalty for money laundering.

money laundering means the actual or attempted conspiracy to commit or commission, aiding, abetting, counseling, procuring, or inciting of any act which is in breach of and/or constitute an offence or offences under the Anti- Money Laundering Act of 2001 and any amendment thereto.

money laundering means an offence under any of the provisions of sections 3, 4 and 7;

money laundering means the acquisition, possession, use, conversion, transfer or concealment of the true nature of property of any description, and legal documents or instruments evidencing title to, or interest in, such property, knowing that such property is an economic advantage from criminal offences, for the purpose of: (a) concealing or disguising the illicit origin of the property; or (b) assisting any person who is involved in the commission of the criminal offence as a result of which such property is generated, to evade the legal consequences of such actions.

money laundering means the money laundering activities referred to in Article 1(3) and (4) of Directive (EU) 2015/849;