Money Laundering Rules definition

Money Laundering Rules means together the Money Laundering Regulations 2003, the Proceeds of Crime Act 2002 as amended, the Terrorism Xxx 0000 as amended and to the extent applicable, the Joint Money Laundering Steering Group’s Guidance Notes for the Financial Sector;
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Money Laundering Rules means the Money Laundering Regulations.
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Money Laundering Rules means the Criminal Justice (Money Laundering & Terrorist Financ- ing) Act 2010 as amended or replaced from time to time, together with related regulations or guidelines issued from time to time;
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Examples of Money Laundering Rules in a sentence

  • Further, the Prevention of Money Laundering Rules, 2005 also require that every banking company, financial institution (including Mutual Funds) and intermediary, as the case may be, shall identify the beneficial owner..

  • Further, the Prevention of Money Laundering Rules, 2005 (PMLR 2005) also require that every intermediary shall identify the beneficial owner and take all reasonable steps to verify his identity.

  • The DP shall also ensure that customer due diligence norms as specified in Rule 9 of Prevention of Money Laundering Rules, 2005 are complied with in respect of the third party.

  • In Rule 3.3 of the Notaries (Prevention of Money Laundering) Rules 2007 “Public Notaries (Conduct and Discipline) Rules 2011” is omitted and “Notaries (Conduct and Discipline) Rules 201[-]” substituted therefor.

  • Compliance with Prevention of Money Laundering Act,2002 and Rules framed there under; the SEBI Circular(s)on Anti Money Laundering (AML) and other applicable Anti Money Laundering Rules, Regulations and Guidelines; andII.

  • Note: Rule 9(1A) of Prevention of Money Laundering Rules, 2005 requires that every AP (Indian Agent) under MTSS shall identify the beneficial owner and take all reasonable steps to verify his identity.

  • The DP shall also ensure that customer due diligence norms as specified in Rule 9 of Prevention of Money Laundering Rules, 2005 are complied with in respect of the third party.• Where third party address is accepted as correspondence address, the DP shall ensure that proof of permanent address for the BO has been obtained and the same has been entered in the system.

  • Since the Government of India has authorised CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India) to act as, and to perform the functions of, the central KYC records registry under the Prevention of Money Laundering Rules 2005, including receiving, storing, safeguarding and retrieving the KYC records in digital form, our subsidiary, CISPL may lose a substantial portion of its business.

  • The DP shall also ensure that customer due diligence norms as specified in Rule 9 of Prevention of Money Laundering Rules, 2005 are complied with in respect of the third party. Where third party address is accepted as correspondence address, the DP shall ensure that proof of permanent address for the BO has been obtained and the same has been entered in the system.

  • Further, in addition to the certificate from employer, banks should insist on at least one of the officially valid documents as provided in the Prevention of Money Laundering Rules (viz.


More Definitions of Money Laundering Rules

Money Laundering Rules means the requirements set out in the Criminal Justice (Money Laundering and Terrorist Financing) Acts 2010 to 2018 (as amended), and any rules or requirements of the Central Bank, or any other relevant regulatory authority, relating to anti-money laundering and countering terrorist financing;
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Money Laundering Rules means the Money Laundering Regulations. “Rules” means the FCA Handbook Rules and guidance.
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Money Laundering Rules has the meaning set forth in Section 2.21(d).
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Related to Money Laundering Rules

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

  • Anti-Money Laundering Laws means the applicable laws or regulations in any jurisdiction in which any Loan Party or any of its Subsidiaries or Affiliates is located or is doing business that relates to money laundering, any predicate crime to money laundering, or any financial record keeping and reporting requirements related thereto.

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

  • UK Data Protection Legislation means all applicable data protection and privacy legislation in force from time to time in the UK including the UK GDPR; the Data Protection Act 2018; the Privacy and Electronic Communications Directive 2002/58/EC (as updated by Directive 2009/136/EC) and the Privacy and Electronic Communications Regulations 2003 (SI 2003/2426) as amended.

  • Data Protection Legislation means the Data Protection Act 1998 and all applicable laws and regulations relating to processing of personal data and privacy, including where applicable the guidance and codes of practice issued by the Information Commissioner or relevant Government department in relation to such legislation;

  • 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.

  • Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

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