Money Laundering Law definition

Money Laundering Law means any law governing conduct or acts designed in whole or in part to conceal or disguise the nature, location, source, ownership or control of money (including currency or equivalents, e.g., checks, electronic transfers, etc.) to avoid a transaction reporting requirement under state or federal law or to disguise the fact that the money was acquired by illegal means.
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Money Laundering Law shall have the meaning ascribed to this term in Section 3.1(f)(iv).
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Money Laundering Law means the anti-money laundering laws of the United States, including the U.S. Currency and Foreign Transactions Reporting Act of 1970, as amended, and the applicable money laundering laws of all jurisdictions where the Transferred Group Members’ business is conducted and the rules and regulations thereunder.
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Examples of Money Laundering Law in a sentence

  • The above authorized signatories signed this document before me and were identified by me in person according to an identity card, as required by and in accordance with the Prohibition on Money Laundering Law, 5760-2000 and the orders pursuant thereto.

  • The Amendment also applies a temporary order (in force until July 1, 2011) amending the Prohibition on Money Laundering Law 5760-2000, making the collection of exorbitant fees an origin offence.

  • For companies and cooperative societies the ultimate beneficial owner, which is the natural person(s) who ultimately owns or controls a legal entity through direct or indirect ownership; a percentage of 25% plus one share is deemed sufficient to meet this criterion, as defined by the Prevention and Suppression of Money Laundering Law (Law 188(I)/2007) and the relevant Directives of the Central Bank of Cyprus.

  • The Company shall and shall cause each of its subsidiaries and affiliates to maintain systems of internal controls and shall adopt applicable guidelines, policies and guidebooks to ensure compliance with the Money Laundering Law or any other applicable anti-bribery or anti-corruption law.

  • International Guide to Money Laundering Law and Practice (5th ed.).

  • Controlling persons means:(a) For companies and cooperative societies the ultimate beneficial owner, which is the natural person(s) who ultimately owns or controls a legal entity through direct or indirect ownership; a percentage of 25% plus one share is deemed sufficient to meet this criterion, as defined by the Prevention and Suppression of Money Laundering Law (Law 188(I)/2007) and the relevant Directives of the Central Bank of Cyprus.

  • The Amendment also applies a temporary order (in force until June 2009) amending the Prohibition on Money Laundering Law, 5760-2000, making the collection of exorbitant fees an origin offence.

  • The microfinance institution shall comply the provisions of the committee of Money Laundering Law.

  • The microfinance institution shall comply the provisions of the committee of Money Laundering Law .

  • Terminologies such as " Funds and Property", " Reporting Entity", " Proceed of Crimes", " Transaction"," Freeze", " Seize" and " Confiscation" shall have the same meaning as provided in Anti Money Laundering Law.


More Definitions of Money Laundering Law

Money Laundering Law has the meaning given to it in Section 10(rr);
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Money Laundering Law has the meaning given to such term in Section 5.18.1 of this Agreement;
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Money Laundering Law. Section 4.3.1 “Notices” Section 7.1
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Money Laundering Law means the Law of the Republic of Indonesia No. 15 of the year 2002 regarding the Criminal Offense of Money Laundering (Undang-undang Republik Indonesia No. 15 Tahun 2002 Tentang Tindak Pidana Pencucian Uang) and all implemenxxxx xxxxxxxxxxx xxxxxx xxxxxxxxer.
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Money Laundering Law means the Law of the Republic of Indonesia No. 15 of the year 2002 regarding the Criminal Offense of Money Laundering (Undang-undang Republik Indonesia Xx. 00 Xxxxx 0000 Xxxxxxx Xxxxxx Pidana Pencucian Uang) and all implementing regulations issued thereunder. "MSOE" or the "Seller" have the meanings given to such terms in the first paragraph of this Agreement. "Option" means with respect to any Person, any option, warrant or other security or Contract that gives the holder the right to purchase or otherwise receive or be issued any shares of capital stock of such Person or any security of any kind convertible into or exchangeable or exercisable for any shares of capital stock of such Person. "Organizational Documents" means (a) the memorandum and/or articles of association, articles or certificate of incorporation and the bylaws of a corporation as applicable; and (b) any charter or similar document adopted or filed in connection with the creation, formation or organization of a Person, as any of the foregoing may be amended from time to time. "Parties" means the STTC, Purchaser and the Seller and "Party" shall mean such one of them as the context in which such term is used admits. 4 <PAGE> "Person" means any individual, corporation (including any non-profit corporation), general or limited partnership, limited liability company, joint venture, estate, trust, association, organization, labor union, or other entity or any governmental authority, agency or commission. "Power of Attorney" means the power of attorney given by the Seller (as grantor) in favour of the Purchaser (as attorney) in the form attached hereto as Exhibit B. "Proceedings" means any action, arbitration, audit, hearing, investigation, litigation or suit (whether civil, criminal or administrative) commenced, brought, conducted, or heard by or before, or otherwise involving, any Governmental Body or arbitrator. "Purchase Price" has the meaning given to such term in Section 2.1. "Purchaser" has the meaning given to such term in the first paragraph of this Agreement. "Release Notice" has the meaning given to such term in the Escrow Agreement. "Resolutions" means the appropriate resolutions in respect of each item referred to in Section 5.8. "Retention Amount" has the meaning given to such term in Section 2.6. "Rupiah" or "Rp." means Indonesian Rupiah, the lawful money of the Republic of Indonesia. "Sale Shares" has the meaning given to such term in the recitals to this Agreement. "Satelindo" m...
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Related to Money Laundering Law

  • Money Laundering Laws has the meaning set forth in Section 3.25.

  • Anti-Money Laundering Laws means all anti-money laundering and counter-terrorist financing laws, rules, regulations, executive orders and requirements administered by any governmental authority of the United States (including the U.S. Bank Secrecy Act, the U.S.A. PATRIOT Act, the Money Laundering Control Act, and regulations of the U.S. Treasury Department which implement such acts) or any other applicable domestic or foreign authority with jurisdiction over Customer.

  • money laundering means the conversion or transfer of property, knowing that such property is the proceeds of crime, for the purpose of concealing or disguising the illicit origin of the property or of helping any person who is involved in the commission of the predicate offence to evade the legal consequences of his or her actions, or the concealment or disguise of the true nature, source, location, disposition, movement or ownership of or rights with respect to property, knowing that such property is the proceeds of crime.

  • Anti-Money Laundering and Anti-Terrorism Laws shall have the meaning assigned thereto in Section 3.1(f)(i).

  • Terrorism means an ideologically motivated unlawful act or acts, including but not limited to the use of violence or force or threat of violence or force, committed by or on behalf of any group(s), organization(s) or government(s) for the purpose of influencing any government and/or instilling fear in the public or a section of the public.

  • Anti-Terrorism Law means any Law in force or hereinafter enacted related to terrorism, money laundering, or economic sanctions, including the Bank Secrecy Act, 31 U.S.C. § 5311 et seq., the USA PATRIOT Act, the International Emergency Economic Powers Act, 50 U.S.C. 1701, et seq., the Trading with the Enemy Act, 50 U.S.C. App. 1, et seq., 18 U.S.C. § 2332d, and 18 U.S.C. § 2339B.

  • Terrorist Act means any actual or threatened use of force or violence directed at or causing damage, injury, harm or disruption, or commission of an act dangerous to human life or property, against any individual, property or government, with the stated or unstated objective of pursuing economic, ethnic, nationalistic, political, racial or religious interests, whether such interests are declared or not. Criminal acts, primarily committed for personal gain and acts arising primarily from prior personal relationships between perpetrator(s) and victim(s) shall not be considered terrorist acts. Terrorist act also includes any act, which is verified or recognised by the (relevant) Government as an act of terrorism.

  • Anti-Terrorism Order means Executive Order No. 13,224 of September 24, 2001, Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit or Support Terrorism, 66 U.S. Fed. Reg. 49, 079 (2001), as amended.

  • Administration of criminal justice means performance of any activity directly involving the

  • Anti-Terrorism Laws are any laws relating to terrorism or money laundering, including Executive Order No. 13224 (effective September 24, 2001), the USA PATRIOT Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered by OFAC.

  • terrorist means any natural person who:

  • terrorist offences means offences as defined in Article 3(1) of Directive (EU) 2017/541;

  • Proceeds of Crime Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), as amended from time to time, and including all regulations thereunder.

  • Bribery means the act of unduly offering, giving, receiving or soliciting anything of value to influence the process of procuring goods or services, selecting consultants, or executing contracts.

  • Violent crime means a forcible felony, as defined in Iowa Code section 702.11, and includes any other felony or aggravated misdemeanor which involved the actual or threatened infliction of physical or emotional injury on one or more persons.

  • Criminal drug statute means a Federal or non-Federal criminal statute involving the manufacture, distribution, dispensing, possession or use of any controlled substance.

  • USA PATRIOT Act means The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)).

  • Corrective order means an order issued by the commissioner specifying corrective actions that the commissioner has determined are required.

  • Proceeds of crime means any property derived from or obtained, directly or indirectly, through the commission of an offence;

  • Anti-Bribery Law means any Applicable Law that relates to bribery or corruption, including the US Foreign Corrupt Practices Act of 1977 and the UK Xxxxxxx Xxx 0000, in each case as amended, re-enacted or replaced from time to time;

  • Labour Court means the Labour Court established by section 151 of the Labour Relations Act;

  • Local Government Act means the Local Government Act, R.S.B.C. 2015, Chapter 1, together with all amendments thereto and replacements thereof;

  • Applicable Anti-Corruption and Bribery Laws means international, federal, state, provincial and local laws, rules, regulations, directives and governmental requirements currently in effect and as they become effective relating in any way to the Contractor’s provision of goods and/or services to Authority, including without limitation “FCPA” or any applicable laws and regulations, including in the jurisdiction in which the Contractor operates and/or manufac- tures goods for the Authority, relating to anti-corruption and bribery.

  • Crime of violence means any of the following offenses under federal, state, or local law: murder, manslaughter, kidnapping, aggravated assault, forcible sex offenses (including where consent to the conduct is not given or is not legally valid, such as where consent to the conduct is involuntary, incompetent, or coerced), statutory rape, sexual abuse of a minor, robbery, arson, extortion, extortionate extension of credit, burglary of a dwelling, or any other offense under federal, state, or local law that has as an element the use, attempted use, or threatened use of physical force against the person of another.

  • Corruption means the abuse of entrusted power for private gain. It may include improperly influencing the actions of another party or causing harm to another party. The gain or benefit may be for the person doing the act or for others.