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.
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.
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.
As the equivalent of treasury securities for such purposes, the Excess Shares shall not be entitled to any voting rights, shall not be considered to be outstanding for quorum or voting purposes, and the Person who holds Excess Shares shall not be entitled to receive dividends, interest or any other distribution with respect to the Excess Shares.
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.