Layering a. Conform to the most up-to-date guidelines defined by the American Institute of Architects (AIA) standard document, “CAD Layer Guidelines.”
Layering. The Parent, the Company and any Restricted Subsidiary will not, directly or indirectly, incur:
Layering. None of the Company, the Issuers or the Subsidiary Guarantors will, directly or indirectly, incur:
Layering. The money is moved through the system in a series of financial transactions in order to disguise the origin of the cash with the purpose of giving it the appearance of legitimacy.
Layering a. Conform to the guidelines defined by the American Institute of Architect’s (AIA) standard document, U.S. National CAD standards version 5 (V5).
Layering. None of the Parent, the Borrower nor any of its Restricted Subsidiaries will, directly or indirectly, incur:
Layering. Where prostrate branches of the in situ plant touch the ground, apply rooting hormone to induce rooting.
Layering. Separation of the criminal proceeds from their source by the creation of layers of transactions designed to disguise the audit trail and provide the appearance of legitimacy.
Layering. The money is moved through the system in a series of financial transactions in order to disguise the What is Counter Terrorist Financing (CTF)? Terrorist financing is the process of legitimate businesses and individuals that may choose to provide funding to resource terrorist activities or organizations for ideological, political or other reasons. Firms must therefore ensure that: (i) customers are not terrorist organizations themselves; and (ii) they are not providing the means through which terrorist organizations are being funded. Terrorist financing may not involve the proceeds of criminal conduct, but rather an attempt to conceal the origin or intended use of the funds, which will later be used for criminal purposes. Risk Based Approach The level of due diligence required when considering anti-money laundering procedures within the firm, it should take a risk-based approach. This means the amount of resources spent in conducting due diligence in any one relationship that is subject risk should be in proportion to the magnitude of the risk that is posed by that relationship. These can be broken down into the following areas: Customer Risk Different customer profiles have different levels of risks attached to them. A basic Know your Customer (KYC) check can establish the risk posed by a customer. For example, near-retired individuals making small, regular contributions to a savings account in line with their financial details poses less of a risk than middle-aged individuals making ad-hoc payments of ever-changing sizes into a savings account that does not fit into the profile of the customers’ standing financial data. The intensity of the due diligence conducted on the latter would be higher than that carried out on the former as the potential threat of money laundering in the second case would be perceived as being greater. Corporate structures can be used as examples of customers that could carry a higher risk profile than the one just seen, as these can be used by criminals to introduce layers within transactions to hide the source of the funds, and like that, clients can be caterized into different risk bands. Product Risk This is the risk posed by the product or service itself. The product risk is driven by its functionality as a money laundering tool. Country Risk The geographic location of the client or origin of the business activity has a risk associated with it, this stems from the fact that countries around the globe have different levels of...
Layering. 1. Layers shall contain, but not be limited to, the layers in the table named AutoCAD Layering Conventions. This table is for reference only and is not to be considered as a complete list of available layer names.
