The economy grew, but mainly because American families were persuaded to take on more debt, refinancing their mortgages and spending some of the proceeds.

These are essentially refinancing mechanisms.

This was centrally important to sustaining global growth, for the performance of world s largest economy has been fueled by real estate in recent years, with individuals refinancing their mortgages and spending some of the proceeds, and with high prices leading to more construction.

Indeed, Deutsche Bank has already stopped participating in refinancing operations.

Special rules on proceeds

Laundering of proceeds of crime

Proceeds derived from the offence

Proceeds from revenue producing activities

The ESM should be sufficient to deal with the refinancing needs of Greece, Ireland, and Portugal.

Information was also provided on the confiscation of assets and proceeds of crime and the sharing of such proceeds.

Control of the proceeds of crime

(e) Preventing and combating the transfer of proceeds of offences established in accordance with this Convention and recovering such proceeds

The soldiers then take half the proceeds.

Construction proceeds on several major industrial projects.

Without additional refinancing mechanisms, there would be a sharp decrease in flows of official development assistance after 2015.

(a) Proceeds of crime derived from offences covered by this Convention or property the value of which corresponds to that of such proceeds

(a) The assignor has received the proceeds under instructions from the assignee to hold the proceeds for the benefit of the assignee and

Criminalization of the laundering of proceeds of crime

Disposal of confiscated proceeds of crime or property

Accounting for proceeds from the sale of property

5. Income or other benefits derived from proceeds of crime, from property into which proceeds of crime have been transformed or converted or from property with which proceeds of crime have been intermingled shall also be liable to the measures referred to in this article, in the same manner and to the same extent as proceeds of crime.

(a) Proceeds of crime derived from offences established in accordance with this Convention or property the value of which corresponds to that of such proceeds

Prevention and detection of transfers of proceeds of crime

Maintaining statistical data on seized proceeds of money laundering

Maintaining statistical data on confiscated proceeds of money laundering

(v) Disposal of confiscated proceeds of crime (article 14)

(v) Disposal of confiscated proceeds of crime (article 14)

Money laundering and control of the proceeds of crime

The Party transferring the proceeds of crime or property assumes no liability or responsibility for the proceeds of crime or property once they have been transferred and relinquishes all right or title to and interest in the transferred proceeds of crime or property.

Nonetheless, the ECB has provided large amounts of liquidity to the financial system, indirectly softening the pressure on government debt refinancing.

(g) Surveillance of the movement of proceeds of offences established in accordance with this Convention and of the methods used to transfer, conceal or disguise such proceeds

Freezing, seizure and confiscation of proceeds of drug trafficking offences

Freezing, seizure and confiscation of proceeds of other serious crimes

Article 5 Sharing of confiscated proceeds of crime or property

Article 6 Payment of shared proceeds of crime or property

Terrorists are also often dependent upon the proceeds of crime.

The ECB s long term refinancing operation enabled Spanish and Italian banks to buy their own countries bonds and earn a large spread.

Property that is the proceeds of, or involved in, the financing of terrorism, terrorist acts or terrorist organisations can be confiscated through the Proceeds of Crime Act 2002.

So we would add no safe havens for proceeds from corruption.

Laundering of proceeds of other serious crimes considered a criminal offence

States reporting measures for freezing, seizure and confiscation of illicit proceeds

Article 4 Requests for sharing confiscated proceeds of crime or property

Law on Prevention of the Laundering of the Proceeds from Crime

The polarization of borrowing costs has politically explosive distributional effects Germany is borrowing and refinancing its existing debt at artificially low interest rates.

With international investors no longer willing to finance this deficit, and even shying away from refinancing existing Greek debt, only three possibilities remain.