Money Laundering Activities definition

Money Laundering Activities means activities involving funds which are (i) proceeds of crime in violation of law or (ii) derived or potentially derived from any Illegal Source.

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Money Laundering Activities. (洗錢活動) means activities intended to have the effect of making any property-

Money Laundering Activities means the process of moving funds of Illicit Origin through a cycle of transformation in order to create the end appearance of legitimately earned funds. The process of moving funds consists of providing, receiving or assisting in the transfer of funds.

Examples of Money Laundering Activities in a sentence

• It should be noted that ICF shall pay no compensation in respect of claims arising out of transaction involving individuals convicted of a criminal offence for the said transactions pursuant to the Prevention and Suppression of Money Laundering Activities Law of 2007, as amended or replaced, or for whom criminal proceedings are pending.

• You agree that you will comply with the applicable Laws Circulars and Directives issued by the CySEC and in particular with the Prevention and Suspension of Money Laundering Activities law as amended from time to time.

• According to The Prevention and Suppression of Money Laundering Activities Law, the Company shall be entitled to request the Client to provide immediately any additional information concerning the circumstances and the context of a particular transaction.

• You agree that you will comply with all applicable Laws, Directives and Circulars issued by the CySEC and particularly that you will comply with the Prevention and Suspension of Money Laundering Activities Law, as amended from time to time.

• Upon submission of the compensation applications, the Administrative Committee of the ICF has control especially if: - The claimant-Client falls within the category of covered Clients; - The application was timely submitted; - The claimant-Client is not convicted of a criminal offence pursuant to the Prevention and Suppression of Money Laundering Activities Law of 2007, as amended or replaced; - The conditions for the valid submission of compensation applications are fulfilled.

• According to The Prevention and Suppression of Money Laundering Activities Law, the Company shall be entitled to request the Client to provide immediately any additional information confierning the circumstances and the context of a particular transaction.

• Both parties undertake to act in strict compliance with the Prevention and Suppression of Money Laundering Activities Law 61(1) of 1996 of Cyprus, as amended and the relevant regulations issued by the competent authorities.

• For the purposes of offering you the best possible service, protection and promotion of your interests, and in order to comply with the Law and the Directives of the Cyprus Securities and Exchange Commission and the Prevention and Suppression of Money Laundering Activities Law 188(I)/2007 as amended, it is highly important that you provide us with the necessary information regarding yourself.

• This Agreement shall stand terminated automatically if the business of ICW becomes illegal/unlawful/banned by the law of the land or if ICW indulges in any illegal act or practice that makes its business illegal/unlawful/banned or if any transaction has conducted by the ICW which results directly or indirectly in Money Laundering Activities or financing of terrorists activities.

More Definitions of Money Laundering Activities

Money Laundering Activities means process of moving funds of Illicit Origin through a cycle of transformation in order to create the end appearance of legitimately earned funds. The process of moving funds consists of providing, receiving or assisting in transfer of funds. Objectionable Practice means any Corrupt Practice, Fraudulent Practice, Money Laundering Activities, Obstructive Practice, Sanctionable Practice or Terrorist Financing. Obstructive Practice means (i) deliberately destroying, falsifying, altering or concealing evidence material to the assessment or the making of false statements to those performing the assessment, in order to materially impede an assessment of allegations of a Corrupt Practice, Fraudulent Practice, Money Laundering Activities, or Terrorist Financing and/or threatening, harassing or intimidating any party to prevent it from disclosing its knowledge of matters relevant to the assessment or from pursuing the assessment, or (ii) acts intended to materially impede the exercise of FMO's access to contractually required information in connection with an assessment of allegations of a Corrupt Practice, Fraudulent Practice, Money Laundering Activities, or Terrorist Financing. Party means a party to this Agreement. Person means any natural person, corporation, company, partnership, firm, voluntary association, joint venture, trust, unincorporated organisation, Authority or any other entity whether acting in an individual, fiduciary or other capacity.

Money Laundering Activities means the process of moving funds of Illicit Origin through a cycle of transformation in order to create the end appearance of legitimately earned funds. The process of moving funds consists of providing, receiving or assisting in transfer of funds;

Money Laundering Activities. ( 洗錢活動) means activities intended to

Money Laundering Activities. Funds which are (a) proceeds of crime in violation of United States Law or (b) derived or potentially derived from any Illegal Source.