Financial Reporting Centre definition

Financial Reporting Centre means the Financial Reporting Centre established under section 21 of the Proceeds of Crime and Anti-Money Laundering Act (No. 9 of 2009).
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Financial Reporting Centre means the Centre established under section 21 of the Act;
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Financial Reporting Centre means the Financial Reporting Centre established under section 21 of the Proceeds of Crime and Anti-Money Laundering Act (Cap. 59B);
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Examples of Financial Reporting Centre in a sentence

  • The Project aims to strengthen the capacity of the Somali Financial Reporting Centre (FRC).

  • The proposed civil works will be at the Somali Financial Reporting Centre (FRC) inside the secure Mogadishu airport area, Mogadishu Somalia.

  • Under the Multi- Agency Team (MAT) that brings together the Kenya Police Service (Directorate of Criminal Investigations), the Ethics and Anti-Corruption Commission, the Financial Reporting Centre, the Directorate of Public Prosecutions, the Kenya Revenue Authority and the Asset Recovery Agency, more than 360 corruption cases are now before the courts.

  • Trust is essential for any bank to prosper.2063.5.4The Financial Reporting CentreThe Financial Reporting Centre was established under the Proceeds of Crime and Anti- Money Laundering Act (AML)207 and began its operations in 2009.

  • Information from the Financial Reporting Centre on the number of Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) filed from 2018 to 2022 was considered in this step.

  • Section 44 (2) of The Proceeds of Crime and Anti-Money Laundering Act, 2009 requires all reporting institutions to report suspicious transactions to the Financial Reporting Centre.

  • The topological map describes the environment with a set of nodes (places) linked by edges (connecting paths).

  • The NGO Coordination Board wrote a letter to the Central Bank of Kenya Governor Dr. Patrick Njoroge and the Director of the Financial Reporting Centre (FRC) asking them to identify and discredit accounts held under the name of Rosemary‟s NGO saying they suspect (emphasis mine) the funding is illegal.

  • They include the Central Bank, which is the main regulatory body and the Financial Reporting Centre.

  • Information from the Financial Reporting Centre on the number of Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) filed concerning the suspected use of legal structures for ML purposes from 2018 to 2022 was used to analyse the level of STRs and SARs.Based on the information, there have been cases of ML abuse of legal structures for ML purposes, but only a small number of cases involved complex and more sophisticated legal structures.

Related to Financial Reporting Centre

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Internal Controls has the meaning set forth in Section 4.07(d).

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • Financial Restatement means a restatement of the Company’s financial statements due to the Company’s material noncompliance with any financial reporting requirement under U.S. federal securities laws that is required in order to correct:

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Financial Conduct Authority means the registering authority for societies registered under the Co-operative and Community Benefit Societies Act 2014 and the Credit Unions Act 1979 set up in terms of the Financial Services Act 2012 or its successor body.

  • Financial Statements has the meaning set forth in Section 3.06.