Prohibition on Money Laundering Law definition

Prohibition on Money Laundering Law means the Israeli Prohibition on Money Laundering Law 5760-2000 and the regulations, rules, circulars and guidelines promulgated or published thereunder.
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Prohibition on Money Laundering Law means the Israeli Prohibition on Money Laundering Law 5760-2000 and the regulations, rules, circulars and guidelines promulgated or
Sample 1Sample 2Sample 3
Prohibition on Money Laundering Law. Prohibition on Money Laundering Law, 5760-2000.
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Examples of Prohibition on Money Laundering Law in a sentence

  • 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.

  • 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.

  • Most trafficking victims in the Congo originate from Benin and the DRC, and to a lesser extent from other neighboring countries.

  • In short, a financial institution is required to disclose the identity of an applicant seeking to receive financial services from it and to report to the relevant authority specified in the Prohibition on Money Laundering Law regarding any transaction that falls into either of the following categories: • a transaction the value of which exceeds the amount specified in the Prohibition on Money Laundering Law; and • transactions deemed to be unusual.

  • However, the Prohibition on Money Laundering Law requires financial institutions, inter alia, to comply with disclosure and reporting obligations.

  • In addition, reporting requirements are imposed under the Prohibition on Money Laundering Law (see section 5.3.2 above).

  • During training sessions, the company's representatives review the main points of the Advice Law and the Prohibition on Money Laundering Law, including the company's duties towards its clients and towards regulators.

  • Since June 2000, Israel enacted the Prohibition on Money Laundering Law [5760-2000] on 2 August 2000 which addresses the money laundering criminal offence, as well as customer identification, record-keeping and reporting requirements.

  • The Prohibition on Money Laundering Law imposes, inter alia, a duty on a person who enters or leaves Israel with a sum of NIS 50,000 or more, to report such monies (including cash, banker’s cheque and traveller’s cheques) at the time of his entry to Israel or departure therefrom (a lower amount of NIS 12,000 applies when entering from or leaving Israel to certain locations, for example, the Gaza territory).

  • Under the Prohibition on Money Laundering Law and regulations adopted thereunder, persons (including foreign persons) having or opening bank, brokerage and other accounts have the obligation to provide certain declarations regarding the ownership (including the beneficial ownership) thereof to the banks, brokers and other entities at which such accounts are maintained (see section 5.3—Money Transfer above).

Related to Prohibition on Money Laundering Law

  • 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.

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

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

  • 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.

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

  • Agency or instrumentality of the government of Venezuela means an agency or instrumentality of a foreign state as defined in section

  • Sanctions and Export Control Laws means any applicable Law related to (a) import and export controls, including the U.S. Export Administration Regulations, (b) economic sanctions, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the European Union, any European Union Member State, the United Nations, and Her Majesty’s Treasury of the United Kingdom or (c) anti-boycott measures.

  • 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.

  • 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.

  • 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.

  • 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.

  • Anti-Corruption and Anti-Bribery Laws means the Foreign Corrupt Practices Act of 1977, as amended, any rules or regulations thereunder, or any other applicable United States or foreign anti-corruption or anti-bribery Laws.

  • 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.

  • Bribery Act means the Bribery Act 2010 and any subordinate legislation made under that Act from time to time together with any guidance or codes of practice issued by the relevant government department concerning this legislation;

  • 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.

  • 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.

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

  • OFAC Sanctions means any sanctions program administered by the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”) under authority delegated to the Secretary of the Treasury (the “Secretary”) by the President of the United States or provided to the Secretary by statute, and any order or license issued by, or under authority delegated by, the President or provided to the Secretary by statute in connection with a sanctions program thus administered by OFAC. For ease of reference, and not by way of limitation, OFAC Sanctions programs are described on OFAC’s website at xxx.xxxxx.xxx/xxxx.

  • Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

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

  • 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.

  • 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.

  • Sanctions Laws and Regulations means any sanctions, prohibitions or requirements imposed by any executive order (an “Executive Order”) or by any sanctions program administered by OFAC.

  • Government of Venezuela means the government of any political subdivision of Venezuela, and any agency or instrumentality of the government of Venezuela.

  • Certified act of terrorism means an act that is certified by the Secretary of the Treasury, in accordance with the provisions of the federal Terrorism Risk Insurance Act, to be an act of terrorism pursuant to such Act. The criteria contained in the Terrorism Risk Insurance Act for a "certified act of terrorism" include the following: