Illicit Origin definition

Illicit Origin means any origin which is illicit or fraudulent, or in breach of Sanctions including without limitation, drug trafficking, corruption, organised criminal activities, terrorism, money laundering or fraud.
Illicit Origin means funds obtained through: (i) the commission of any predicate offence as designated in the FATF 40 Recommendations Glossary (xxxx://xxx.xxxx- xxxx.xxx/xxxxx/xxxxxxxx/xxxxxxxxxxxxxxxxxxx/x-x/), (ii) Corrupt Practice, and (iii) if or when applicable, through Fraud against the Financial Interests of the European Communities.
Illicit Origin means funds obtained through:

Examples of Illicit Origin in a sentence

  • Concealment of the Illicit Origin of the Funds Involved A key goal of criminals involved in ML/FT operations is to conceal the illicit source of the funds they are attempting to launder, in order to be able to place those funds into the financial system.

  • Authorities suspect that at least 73 of these companies facilitated crimes in foreign jurisdictions, included the smuggling of illegal goods, arms smuggling, tax fraud, investment fraud and money laundering.Concealment of the Illicit Origin of the Funds Involved A key goal of criminals involved in ML/FT operations is to conceal the illicit source of the funds they are attempting to launder, in order to be able to place those funds into the financial system.

  • No payments made by the Guarantor in respect of amounts due under the Loan Agreement or any Finance Document shall be funded out of funds of Illicit Origin and none of the sources of funds to be used by the Guarantor in connection with the construction of the Ship or its business shall be of Illicit Origin.

  • In addition to criminal investigations regulated by the Criminal Procedure Act, financial investigations have also been introduced with the adoption of the Confiscation of Property of Illicit Origin Act (ZOPNI) in October 2011.1 These are not part of criminal proceedings but are carried out separately and independently of criminal investigations.

  • Jury Convicts Defendant of Structuring, No Illicit Origin ofFunds AllegedA jury found the defendant guilty of structuring after a pattern of transactions designed to evade currency transaction reporting requirements was identified.

  • In addition to the confiscation of proceeds pursuant to the Criminal Code and the Criminal Procedure Act, the Confiscation of Property of Illicit Origin Act (ZOPNI) also provides for the confiscation of assets of illicit origin.

  • The Company and the Sponsors represent that the equity, quasi equity and shareholders loans’ accounts invested in the Company and its Subsidiaries or in their Operations are not of Illicit Origin.

  • Mexico approved in October 2012 its Anti-Money Laundering Act (Federal Law for Preventing and Identifying Operations with Resources of Illicit Origin) in order to implement the recommendations from the Financial Action Task Force (FATF).

  • No waiver, alteration, amendment, modification of this Agreement, or any covenant, condition, or limitation herein contained is valid unless in writing and duly executed by the Party to be charged therewith.

  • To participate in the Auctions, it is essential that the Participants are in compliance with their obligations in accordance with the applicable legislation on tax matters, and in compliance with the provisions contained in the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin and its regulations.


More Definitions of Illicit Origin

Illicit Origin means any origin which is illicit, fraudulent or in breach of Sanctions including, without limitation, drug trafficking, corruption, organised criminal activities, terrorism, money laundering or fraud.
Illicit Origin means funds obtained through: the commission of any designated categories of offences under FATF 40 (xxxxx://xxx.xxxx-xxxx.xxx/media/fatf/documents/FATF%20Standards%20-%2040%20Recommendations%20rc.pdf) any Act of Corruption; or any Fraud against the Financial Interests of the European Community, if or when applicable. The Service Provider shall (i) use its best efforts ensure that its equity and assets will not come from Illicit Origin the Services, (ii) ensure that the Services shall not give rise to any Act of Corruption, Fraud or Anti-Competitive Practice, (iii) inform Project Owner with immediately upon becoming aware of or suspecting any Act of Corruption, Fraud or Anti-Competitive Practice, (iv) take all necessary measures to remedy the situation in a manner satisfactory to Project Owner and the Funding Sources and within the time period determined by Project Owner and/or the Funding Sources, and notify Project Owner immediately of any information which leads to suspect the Illicit Origin of funds invested in the Services.
Illicit Origin means any origin which is illicit, criminal or fraudulent, including without limitation, corruption, Terrorist Financing, and tax evasion.
Illicit Origin means any origin which is illicit or fraudulent, including, without limitation, drug trafficking, corruption, organised criminal activities, terrorism, money laundering or fraud. Increased Cost means:
Illicit Origin shall have the meanings given to them in Attachment 6 (Definitions)

Related to Illicit Origin

  • Origin means the place where the Information Technologies, Materials, and other Goods for the System were produced or from which the Services are supplied. Goods are produced when, through manufacturing, processing, Software development, or substantial and major assembly or integration of components, a commercially recognized product results that is substantially different in basic characteristics or in purpose or utility from its components. The Origin of Goods and Services is distinct from the nationality of the Supplier and may be different.

  • Sex trafficking means the recruitment, harboring, transportation, provision, or obtaining of a person for the purpose of a commercial sex act.

  • Mass Privacy Act is defined in Section 9.2 hereof.

  • corrupt and fraudulent practice means the offering, giving, receiving, or soliciting, of anything of value to influence the action of a public official or the contractor in the procurement process or in contract execution to the detriment of the procuring agency; or misrepresentation of facts in order to influence a procurement process or the execution of a contract, collusive practices among applicants/bidders (prior to or after bid submission) designed to establish bid prices at artificial, non-competitive levels and to deprive the procuring agency of the benefits of free and open competition and any request for, or solicitation of anything of value by any public official in the course of the exercise of his duty;

  • National origin means the place of birth of an individual or of any of the individual’s lineal ancestors.

  • Corrupt and Fraudulent Practices means either one or any combination of the practices given below;

  • Illicit connection means any man-made conveyance connecting an illicit discharge directly to a municipal separate storm sewer.

  • Privacy Act means the Privacy Act 1988 (Cth).

  • Educator practice instrument means an assessment tool that provides: scales or dimensions that capture competencies of professional performance; and differentiation of a range of professional performance as described by the scales, which must be shown in practice and/or research studies. The scores from educator practice instruments for teaching staff members other than teachers, Principals, Vice Principals, and Assistant Principals may be applied to the teaching staff member’s summative evaluation rating in a manner determined by the school district.

  • Counterfeit drug means a drug that, or the container or

  • Federal contract information means information, not intended for public release, that is provided by or generated for the Government under a contract to develop or deliver a product or service to the Government, but not including information provided by the Government to the public (such as on public Web sites) or simple transactional information, such as necessary to process payments.

  • Fair Credit Reporting Act The Fair Credit Reporting Act of 1970, as amended.

  • School of origin means the school or preschool that a child or youth attended when permanently housed, or the school in which the child or youth was last enrolled. When a child or youth completes the final grade level served by the school of origin, the school of origin includes the designated receiving school at the next grade level for all feeder schools.

  • Loss Absorption Regulations means, at any time, the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments of the United Kingdom, the PRA, the United Kingdom resolution authority, the Financial Stability Board and/or of the European Parliament or of the Council of the European Union then in effect in the United Kingdom including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments adopted by the PRA and/or the United Kingdom resolution authority from time to time (whether or not such regulations, requirements, guidelines, rules, standards or policies are applied generally or specifically to the Company or to the Regulatory Group).

  • Transit-oriented facility means a facility that houses a transit station in a manner that promotes transit ridership or passenger rail use.

  • Patient Information means information (however recorded) which—

  • Conventional filtration treatment means a series of processes including coagulation, flocculation, sedimentation, and filtration resulting in substantial particulate removal.

  • Country of origin means the place where the goods were mined, grown or produced or from which the services are supplied. Goods are produced when, through manufacturing, processing or substantial and major assembly of components, a commercially recognized new product results that is substantially different in basic characteristics or in purpose or utility from its components.

  • Derived air concentration (DAC) means the concentration of a given radionuclide in air which, if breathed by the reference man for a working year of 2,000 hours under conditions of light work, results in an intake of one ALI. For purposes of these regulations, the condition of light work is an inhalation rate of 1.2 cubic meters of air per hour for 2,000 hours in a year. DAC values are given in Part 4, Appendix 4B, Table 4B1, Column 3.

  • Trafficking means offering, attempting to engage, or

  • pseudonymisation means the processing of personal data in such a manner that the personal data can no longer be attributed to a specific data subject without the use of additional information, provided that such additional information is kept separately and is subject to technical and organisational measures to ensure that the personal data are not attributed to an identified or identifiable natural person;

  • False alarm means an Alarm Dispatch Request to the Police Department, which results in the responding officer finding no evidence of a criminal offense or attempted criminal offense after completing an investigation of the Alarm Site.

  • Fixtures and Fittings means all the Landlord’s furniture, furnishings, sanitary ware, decorative features, white goods, other equipment or any floor, ceiling or wall coverings and include anything listed in any Inventory and Schedule of Condition supplied.

  • Point of origin means the specific location on carrier's system as designated in its tariff where carrier accepts petroleum product for shipment and may be referred to in other items of this tariff as "origin station or origin."

  • Export Control Laws means (a) the U.S. Export Administration Regulations and all other Laws adopted by Governmental Authorities of the United States and other countries relating to import and export controls and (b) the anti-boycott regulations administered by the U.S. Department of Commerce and the U.S. Department of the Treasury and all anti-boycott Laws adopted by Governmental Authorities of other countries relating to prohibition of unauthorized boycotts.

  • Privacy Requirements means all applicable Privacy Laws and all of the Company’s and the Company Subsidiaries’ policies, notices, and contractual obligations relating to the Processing of Personal Information.