Money Laundering Act definition

Money Laundering Act. Act LIII of 2017 on the prevention and combating of money laundering and terrorist financing.

Money Laundering Act means the Money Laundering and Proceeds of Crime Act [Chapter 9:24]; “principal” has the meaning given to that word in paragraph 4(3).(2) Where a person, other than an employee, acts in accordance with the directions, requests, suggestions or wishes of another person, whether or not the persons are in a business relationship and whether or not those directions, requests, suggestions or wishes are communicated to the first-mentioned person, both persons shall be treated as associates of each other for the purposes of this Schedule. 2. Administration of amnesty and powers of Governor of Reserve Bank

Money Laundering Act means Act XV of 2003 on the Prevention and Impeding of Money Laundering

Examples of Money Laundering Act in a sentence

• Pursuant to the provisions of Prevention of Money Laundering Act, 2002, if after due diligence, the AMC believes that any transaction is suspicious in nature as regards money laundering, on failure to provide required documentation, information, etc.

• According to guidelines issued by SEBI under 'The Prevention of Money Laundering Act, 2002', Mutual Funds are required to follow enhanced know your customer (KYC) norms.

• In order to enhance compliance with Know your Customer (KYC) norms under the Prevention of Money Laundering Act, 2002 (PMLA) and to mitigate the risks associated with acceptance of third party payments, Association of Mutual Funds of India (AMFI) issued best practice guidelines on "risk mitigation process against third party instruments and other payment modes for mutual fund subscriptions".

• The Government of India vide their Notification dated November 26, 2015 authorised the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) to act as and to perform the functions of the Central KYC Records Registry under the said rules, including receiving, storing, safeguarding and retrieving the KYC records under the Prevention of Money- Laundering Act, 2002.

• I/We hereby declare that the amount invested in the scheme is through legitimate sources only and does not involve and is not designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directions of the provisions of the Income Tax Act, Prevention of Money Laundering Act, Prevention of Corruption Act and / or any other applicable laws enacted by the government of India from time to time.

More Definitions of Money Laundering Act

Money Laundering Act means Act LIII of 2017 on the Prevention and Combating of Money Laundering and Terrorist Financing eBrókerház Zrt. List of Unethical Trading Strategies and Their Legal Consequences Annex 3 The eBrókerház Zrt. considers the following trading practices to be unethical. The application of any of the below listed practices shall qualify as a reason for termination of this Trading Agreement. Scalping is such trading practice in the course of which the trader attempts to make a large profit from small exchange rate fluctuation. Traders applying such practice usually enter into daily 10 but even several hundred transactions hoping that it is easier to follow the smaller exchange rate fluctuation than the larger ones. Algorithmic Trading during which the traders use various electronic devices to send out his transactions based on an algorithmic pattern, which are previously programmed and contain instructions relating to trading. These orders or transactions can vary in timing, price, and in quantity and other factors and these may change in many different ways. These transactions are usually initiated by the assistance of a „robot” without human assistance. API Trading (application programming interface) means the use of a programming surface and it covers all cases during which the trader uses a software in the course of trading to interface with other programs. In such, the API plays the role of an intermediary, transmitting orders and reading data, as necessary. In case of opening of several accounts a trader opens two or more accounts to multiply the benefits and bonuses connected to certain accounts, thereby taking advantage of multiple benefits and bonuses not due to the trader. Abusive trading strategy, where

Money Laundering Act means Act LIII of 2017 on the Prevention and Impeding of Money Laundering and Terrorist Financing

Money Laundering Act means the Danish Act on Money Laundering (consolidation act no. 1022 of 13 August 2013), as amended from time to time.

Money Laundering Act means the Money Laundering and Proceeds of Crime Act [Chapter 9:24];

Money Laundering Act means Act XV of 2003 on the Prevention and Impeding of Money Laundering[pénzmosás megelőzéséről és megakadályozásáról szóló 2003. évi XV. törvény]

Money Laundering Act has the meaning given in Section 29.R.;

Money Laundering Act means the Danish Act on Money Laundering (consolidation act no. 353 of 20 April 2012), as amended from time to time.