Financial Intelligence Analysis Unit definition

Financial Intelligence Analysis Unit means the unit set up by article 15 of the Prevention of Money Laundering Act;
Sample 1Sample 2Sample 3
Financial Intelligence Analysis Unit means the Unit established under the Prevention of Money Laundering Act;
Sample 1Sample 2Sample 3

Examples of Financial Intelligence Analysis Unit in a sentence

  • While the detailed description of the responsibilities of the MLRO is laid out in the Human Resources Roles and Responsibilities Policy, the MLRO’s main responsibility will be that of considering any internal reports of unusual or suspicious transactions that are raised within the company, and, following up on these reports and also filing a STR with the Financial Intelligence Analysis Unit (FIAU), when this is deemed necessary.

  • You certify that the assets placed or to be placed in the Account are or shall be the product of legitimate activity, and that the Account shall not be used for money laundering purposes.The Bank shall not accept any liability for the transmission of information of whatever nature to the FIAU (Financial Intelligence Analysis Unit) Malta on its own initiative or on request.

  • Customers acknowledge and accept that such accounts may still be reportable by FXDD to the various regulatory authorities to which FXDD is subject, including inter alia IRD of Malta, IRS of the United States of America, the Financial Intelligence Analysis Unit and the Malta Financial Services Authority.

  • Accordingly, besides adhering to the Prevention of Money Laundering Act, 1994, Licence Holders are required to adhere to the Regulations and any Implementing Procedures and any guidance notes issued by the Financial Intelligence Analysis Unit.

  • In May 2021 Merkanti Bank received an administrative penalty of €0.3million by the Financial Intelligence Analysis Unit (FIAU) relating to deficiencies in relation to certain internal administrative processes, including customer risk assessment, due diligence and ongoing monitoring of transactions.

  • The PMLA establishes the foundations for the legal framework by introducing basic legal definitions, laying down the procedures for the investigation and prosecution of money laundering offences, and establishing the Financial Intelligence Analysis Unit (“FIAU”).

  • The delegation could meet with most of the relevant persons (Minister of Finances, tax authorities, Financial Intelligence Analysis Unit (FIAU), police ...).

  • Raymond Zammit was subsequently given a well-paid ‘position of trust’ by justice minister Dr Bonnici.14 His successor, Michael Cassar, resigned on health grounds after receiving a report from the Financial Intelligence Analysis Unit detailing corrupt payments to energy minister Konrad Mizzi (see further below).

  • The Financial Intelligence Analysis Unit is in place but needs to be reinforced to become fully operational.

  • This assessment was coordinated by the NCC and with intelligence shared from the Financial Intelligence Analysis Unit (FIAU), the Malta Business Registry (MBR), the Office of the Commissioner for Revenue (OCfR),the Office of the Attorney General, the Financial Crimes Investigations Department (FCID), Komunita’ Malta, the Department of Customs and the Central Bank of Malta.

Related to Financial Intelligence Analysis Unit

  • Financial Intelligence Unit means the Financial Intelligence Unit established under section 4 of the Anti-Money Laundering and Counter-Terrorism Financing Act No. 13 of 2014;

  • artificial intelligence system (AI system) means software that is developed with one or more of the techniques and approaches listed in Annex I and can, for a given set of human-defined objectives, generate outputs such as content, predictions, recommendations, or decisions influencing the environments they interact with;

  • Credential analysis means a process or service by which a third party affirms the validity of an identity document described in section 25(6)(c) through a review of public and proprietary data sources conducted remotely.

  • Artificial intelligence or “AI” means technology that can make decisions, create predictions,

  • Market Analysis means a technique used to identify market characteristics for specific goods or services “National Treasury” has the meaning assigned to it in section 1 of the Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Forensic analysis means the practice of gathering, retaining, and analyzing computer-related data for investigative purposes in a manner that maintains the integrity of the data.

  • risk analysis the analysis required under Rule 17f-7(a)(1)(i)(A).

  • Comprehensive resource analysis means an analysis including,

  • Research Analyst means any individual employed by Loomis Sayles who has been designated as a Research Analyst or Research Associate by Loomis Sayles. A person is considered a Research Analyst only as to those Covered Securities which he or she is assigned to cover and about which he or she issues research reports to other Investment Persons or otherwise makes recommendations to Investment Persons beyond publishing their research. As to other securities, he or she is simply an Access Person.

  • Rebate Analyst means the person or firm selected by the Issuer to calculate the Rebate Amount, which person or firm shall either be a firm of attorneys or independent certified public accountants with expertise in the calculation of the Rebate Amount.

  • Project Management Report means each report prepared in accordance with Section 4.02 of this Agreement;

  • Guaranteed analysis means the minimum percentage of each plant nutrient guaranteed or claimed to be present.

  • Asset adequacy analysis means an analysis that meets the standards and other requirements referred to in 5.34(5)“d.”

  • Credentialed Evaluator For purposes of this policy, each teacher subject to evaluation will be evaluated by a person who:

  • Engineering means the application of scientific knowledge for the design, control, or use of building structures, equipment, or apparatus.

  • Operating Statement Analysis Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

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

  • Expansion to an existing manufactured home park or subdivision means the preparation of additional sites by the construction of facilities for servicing the lots on which the manufactured homes are to be affixed (including the installation of utilities, the construction of streets, and either final site grading or the pouring of concrete pads).

  • Biometrics means a technique of personal identification that is based on physical, physiological or behavioural characterisation including blood typing, fingerprinting, DNA analysis, retinal scanning and voice recognition;

  • Licensed behavior analyst means a person who holds current certification or meets the standards to be certified as a board certified Behavior Analyst or a board certified Assistant Behavior Analyst issued by the Behavior Analyst Certification Board, Inc., or any successor in interest to that organization and whom the Board of Psychological Examiners licenses as a Behavior Analyst.

  • CMSA Operating Statement Analysis Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Operating Statement Analysis Report" available as of the Closing Date on the CMSA Website or in 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-backed securities transactions generally.

  • SRS means the scheme referred to by the Ministry of Finance as the Supplementary Retirement Scheme or such other scheme as shall replace or supersede the Supplementary Retirement Scheme from time to time.

  • Value Engineering (VE) means a discipline of engineering that studies the relative monetary values of various materials and construction techniques, including the intial cost, maintenance cost, energy usage, replacement cost, and life expectancy of the materials, equipment or systems under consideration.

  • EFTPOS means electronic funds transfer at the point of sale—a network for facilitating transactions at point of sale

  • Dataset means the data specified in Appendix 1 (Environmental Information) to Schedule 11.2 (Management Information) as the same may be amended from time to time by the Secretary of State (acting reasonably);

  • CREFC® Operating Statement Analysis Report The monthly report in the “Operating Statement Analysis Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.