Financial fraud definition

Financial fraud means any plan or scheme to sell an investment product to the
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Financial fraud means: (a) an intentional, unauthorized and fraudulent written, electronic or telephonic instruction transmitted to a financial institution, directing such institution to debit, transfer, withdraw or disburse Money or Securities from a Financial Account, which instruction purports to have been transmitted by You or an Executive or Employee, but was in fact fraudulently transmitted by a Third Party without Your knowledge or consent; or (b) the theft of Money or Securities from a Financial Account or Your corporate credit cards as a result of a
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Financial fraud means an act of fraud involving embezzlement of funds, misappropriation of funds, fudging or concealment of related party transactions or diversion of funds, each with the intent of defrauding the Company and its Shareholders, and where such fraudulent activity has been proven in a court of law and Person committing such fraud has been convicted of the same;
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Examples of Financial fraud in a sentence

  • Financial fraud would not constitute a crisis.A crisis is also likely to be an event that will require the management of communications, internally and with others outside the organisation, and a review of the security measures and the decision to operate in a certain location.

  • Financial fraud has existed and evolved throughout the economic history, adapting to the changing environment and trading conditions.

  • Financial fraud crimes have become more p r ev a lent i n r ece nt ye ar s a s cr iminal or g an iz at ion s tak e a dv anta ge of th e significantly greater amounts of personal and corporate financial information now available and the ability to access that information through computer technology.

  • Step 4 – Refer to Mental Health Counselors Financial fraud can take a toll on the mental and emotional health of victims.

  • Financial fraud criminals known as “lotto scammers,” narcotics and gun traffickers, gangs, and other criminal groups engaged in widespread criminality and contributed to the country’s very high homicide rate and culture of lawlessness.

  • Financial fraud can be broadly defined as an intentional act of deception involving transactions for the purpose of a personal gain.

  • Financial fraud investigation involving digital forensic reviewsiii.

  • Financial fraud will always be a risk, not only to the charity’s money, but also to the money that we hold in trust on behalf of clients.

  • Financial fraud in the private health insurance sector in Australia.

  • Greetings to all, We are through Halloween and the switch back to standard time and heading for the Holiday Season with Thanksgiving, Christmas, and New Years coming upon us.


More Definitions of Financial fraud

Financial fraud means any fraud, intentional misrepresen-
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Financial fraud means any plan or scheme to sell an investment
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Related to Financial fraud

  • Actual Fraud means actual and intentional fraud with respect to the representations and warranties expressly set forth in this Agreement that is committed by the party making such representations or warranties.

  • Financial Crime means money laundering, terrorist financing, bribery, corruption, tax evasion, fraud, evasion of economic or trade sanctions, and/or any acts or attempts to circumvent or violate any Laws relating to these matters.

  • CMSA Financial File means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Financial File" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • Financial Futures Contract means the firm commitment to buy or sell fixed income securities including, without limitation, U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury Bonds, domestic bank certificates of deposit, and Eurodollar certificates of deposit, during a specified month at an agreed upon price.

  • Financial Parties The Noteholders and the Certificateholders.

  • Fraud means any offence under laws creating offences in respect of fraudulent acts or at common law in respect of fraudulent acts in relation to the Contract or defrauding or attempting to defraud or conspiring to defraud the Crown.

  • Financial Consequences means a financial sanction imposed for an anti-doping rule violation or to recover costs associated with an anti-doping rule violation; and

  • Compensable injury means an injury by accident arising out of and in the course of hazardous employment which must be established by medical evidence supported by objective medical findings.

  • Financial aid means loans and/or grants to needy students

  • Financial Instrument” shall mean the Financial Instruments under the Company’s CIF license which can be found in the document “Company Information” on the Website. It is understood that the Company does not necessarily offer all the Financial Instruments which appear on its CIF license but only those marketed on its Website from time to time.

  • Financial Insolvency means, with respect to any Named Entity covered under any Coverage Part designated as “included” in the Declarations attached hereto:

  • financial group means a group that consists of a legal person or legal arrangement exercising control and coordinating functions over the rest of the group for the application of group supervision under the Core Principles, and its branches and subsidiaries that are financial institutions as defined in section 27A(6) of the MAS Act or the equivalent financial institutions outside Singapore;

  • Financial Contribution means a contribution from an implementing partner in the form of own risk-taking capacity that is provided on a pari passu basis with the EU guarantee or in another form that allows an efficient implementation of the InvestEU Programme while ensuring appropriate alignment of interest;

  • Financial Impairment means that a carrier is not insolvent and is:

  • Financial Crime Risk Management Activity means any action to meet Compliance Obligations relating to or in connection with the detection, investigation and prevention of Financial Crime that the Bank or members of the HSBC Group may take.

  • Financial Data means any financial and market data, price quotes, news, analyst opinions, research reports, signals, graphs or any other data or information whatsoever available through the Trading Platform.

  • Catastrophic illness or injury means one of the following:

  • Financial Projections has the meaning provided in Section 5.07(b).

  • Computer Fraud means the unauthorized entry of data into, or the deletion or destruction of data in, or change of data elements or programs within, a Covered Computer System which:

  • GM Financial means AmeriCredit Financial Services, Inc. d/b/a GM Financial.

  • Financial Contract of a Person means (i) any exchange-traded or over-the-counter futures, forward, swap or option contract or other financial instrument with similar characteristics or (ii) any Rate Management Transaction.

  • Financially Evaluated Entity means the company which has been evaluated for the satisfaction of the financial requirement set forth in Clause 2.1.3 hereof;

  • Financial exploitation means a breach of a fiduciary duty by an actor’s unauthorized expenditure of funds entrusted to the actor for the benefit of the vulnerable adult or by an actor’s failure to provide food, clothing, shelter, health care, therapeutic conduct or supervision, the failure of which results or is likely to result in detriment to the vulnerable adult. Financial exploitation also includes: the willful use, withholding or disposal of funds or property of a vulnerable adult; the obtaining of services for wrongful profit or advantage which results in detriment to the vulnerable adult; the acquisition of a vulnerable adult’s funds or property through undue influence, harassment, duress, deception or fraud; and the use of force, coercion, or enticement to cause a vulnerable adult to perform services against the vulnerable adult’s will for the profit or advantage of another.

  • Financial Default means the total cessation or partial suspension of operations due to insolvency, with or without the filing of a bankruptcy petition by a tour operator, Cruise line, or airline.

  • financial entity means the following entities which meet such criteria or conditions as the Central Government may, in consultation with the financial sector regulator, notify in this behalf, namely: