Proceeds from crime definition

Proceeds from crime means any economic advantage accruing from crim- inal offences committed within the framework of [in relation with] a criminal organ- ization. Such advantage may be an asset of any kind, tangible or intangible, movable or immovable, as well as the legal deeds or documents certifying title to or rights over the asset.”
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Proceeds from crime means any property or economic advantage derived directly or indirectly from criminal offences. This term encloses proceeds from crime performed abroad, under condition at the time of performing the crime, to be stipulated as criminal offence under the laws of the state where it is performed and the laws of the Republic of Macedonia.
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Examples of Proceeds from crime in a sentence

  • Proceeds from crime in the form of cash are mixed with proceeds from legal activity, with the result of the mixing being declared as legal income and legal turnover;2.

  • Income earned by illegal means may be seized through the implementation of the provisions of the CC.15 Proceeds from crime can also be seized based on the provisions of the Law on Seizure of the Proceeds from Crime.16 The paper does not aim to offer an analysis of provisions of the said law, but it should be noted that this law specifies the conditions, procedures and authorities responsible for detection, seizure and management of proceeds from criminal offences listed in the statute.

  • The general confiscation regime is regulated by Article 69 and Articles 95 to 98 of the Penal Code (Annex 2 B): • Proceeds from crime are confiscated according to Articles 95 and 96 PC; • Instrumentalities (used in or intended for use in any relevant offence) are subject to confiscation in principle when they belong to the perpetrator.

  • Countries should be encouraged to ratify and implement relevant international conventions on money laundering such as the 1990 Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from crime.

  • Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from crime and on the Financing of Terrorism, adopted at Warsaw on 16 May 2005.Table 2 1º Encontro Nacional da ABRI Teoria das Relações InternacionaisEssay on 21st century Terrorism:Definitional Problem of Complex Political EnvironmentsMarcial A.

  • Proceeds from crime (first of all in cash) were mainly turned into liquid funds in the form of currency, securities, real estate etc., also they were moved from their real sources (often to abroad).

  • That Framework Decision aims at approximating national rules on confiscation and on certain forms of money laundering which Member States were required to adopt in accordance with the 1990 Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from crime.

  • Proceeds from crime in amount of UAH 6.2 million were detected under criminal cases.

  • Proceeds from crime on the Internet/computer systems were considered to be objects of money laundering.

  • Proceeds from crime are defined broadly and included criminally obtained property (material objects as well as rights on property and documents granting such right), income obtained from that property, or other equivalent property.The second paragraph of Criminal code Article 52 deals with forfeiture of means of crime; objects of crime, and objects designated for the commission of crime.

Related to Proceeds from crime

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

  • 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.

  • terrorism financing means directly or indirectly, unlawfully and wilfully, provides or collects funds with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out acts of terrorism.

  • Financial Crime means money laundering, terrorist financing, bribery, corruption, tax evasion, fraud, evasion of economic or trade sanctions, and/or any acts or attempts to circumvent or violate any Laws relating to these matters.

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • 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.

  • Loss in excess of policy limits means 90.0% of any amount paid or payable by the Company in excess of its policy limits, but otherwise within the terms of its policy, such loss in excess of the Company’s policy limits having been incurred because of, but not limited to, failure by the Company to settle within the policy limits or by reason of the Company’s alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of an action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such an action.

  • Victim of a crime means a person who has suffered personal or

  • Net Proceeds Amount means, with respect to any Transfer of any property by any Person, an amount equal to the difference of

  • Rents from Real Property With respect to any REO Property, gross income of the character described in Section 856(d) of the Code.

  • Net Proceeds Deficiency shall have the meaning set forth in Section 6.4(b)(vi) hereof.

  • Miscellaneous Proceeds means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.

  • Loss Proceeds means, collectively, all Insurance Proceeds and all Condemnation Proceeds.

  • waste disposal facility means an individual or entity that has been issued a medical marijuana waste disposal facility license by the Department to dispose of medical marijuana waste as authorized in Oklahoma law and these Rules.

  • Production Payments and Reserve Sales means the grant or transfer by the Company or any of its Restricted Subsidiaries to any Person of a royalty, overriding royalty, net profits interest, Production Payment, partnership or other interest in Oil and Gas Properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of technical services to the Company or any of its Restricted Subsidiaries.

  • Financial Instruments Accounts Act means the Swedish Financial Instruments Accounts Act (lag (1998:1479) om kontoföring av finansiella instrument).

  • Serious crime means conduct constituting an offence punishable by a maximum deprivation of liberty of at least four years or a more serious penalty;

  • Xxxx-Xxxxx Act means the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Funds From Operations shall have the meaning determined from time to time by the National Association of Real Estate Investment Trusts to be the meaning most commonly used by its members.

  • energy from renewable sources or ‘renewable energy’ means energy from renewable non-fossil sources, namely wind, solar (solar thermal and solar photovoltaic) and geothermal energy, ambient energy, tide, wave and other ocean energy, hydropower, biomass, landfill gas, sewage treatment plant gas, and biogas;

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Xxxxx–Xxxxx Act For any federally assisted construction contract, in excess of two thousand dollars ($2,000), the contractor, subcontractor, subrecipient shall comply with all of the requirements of the Xxxxx-Xxxxx Act (40 U.S.C. 3141 – 3148) as supplemented by Department of Labor Regulations (29 CFR Part 5, “Labor Standards Provisions Applicable to Contracts Covering Federally Financed and assisted Construction”); and the Xxxxxxxx “Anti-Kickback” Act (40 U.S.C. 3145), as supplemented by Department of Labor regulations (29 CFR Part 3, “Contractors and Subcontractors on Public Building or Public Work Financed in Whole or in Part by Loans or Grants from the United States”). For a definition of “Construction” see 48 CFR 2.101.

  • Financial Crime Risk Management Activity means any action to meet Compliance Obligations relating to or in connection with the detection, investigation and prevention of Financial Crime that the Bank or members of the HSBC Group may take.

  • Xxxxxxx Act means the Xxxxxxx Antitrust Act of 1890, as amended, and the rules and regulations promulgated thereunder.

  • Gross Sales Proceeds with respect to each sale of Shares shall be the Gross Sales Price multiplied by the number of Shares sold;