LPML

AcronymDefinition
LPMLLow Protein Meal LSML (Low Sodium/No Salt Added; nutrition)
LPMLLow-Pressure Mercury Lamp
References in periodicals archive ?
Specifically, the LPML requires obliged entities and persons to apply know-your-customer (KYC) rules when establishing a business relationship with a client; when conducting a transaction of 30,000 KM (approximately $22,000) or over; when there is a question of authenticity or adequacy of previously received information; or when there is a suspicion of money laundering or terrorist financing, regardless of the amount of the transaction.
The LPML requires financial institutions to retain records for at least ten years after identification, completion of transaction, closing of an account or the termination of the validity of a contract.
The LPML identifies 21 institutions or legal entities required to report all transactions--regardless of amount--suspected of connections to money laundering or terrorist financing.