Скачать или смотреть What is designated non financial businesses & professions / Explain DNFBP / FATF Compliance

In this informative video, we delve into the world of Designated Non-Financial Businesses and Professions (DNFBPs) and explore their significance in the realm of anti-money laundering (AML) and counter-terrorism financing (CFT). We shed light on what DNFBPs are, their role, and the associated risks they face in facilitating illicit financial activities.

DNFBPs encompass a diverse range of professions such as lawyers, accountants, real estate agents, dealers in precious metals and gemstones, and trust and company service providers. Despite not being directly involved in financial transactions, DNFBPs are susceptible to exploitation by money launderers and terrorist financiers due to their involvement in high-value transactions and access to sensitive information.

We delve into the AML and CFT risks inherent in DNFBPs, exploring how their involvement can become a gateway for illicit funds. The video highlights the importance of compliance with AML and CFT regulations, emphasizing the need for DNFBPs to conduct thorough customer due diligence, report suspicious transactions, and maintain comprehensive transaction records.

The video also covers the role of the Federal Board of Revenue (FBR) in Pakistan and its actions to combat AML and CFT threats in DNFBPs. We provide updates on the latest FBR initiatives, their alignment with FATF (Financial Action Task Force) recommendations, and the measures being implemented to ensure FATF compliance.

By the end of this video, viewers will gain a comprehensive understanding of DNFBPs, the inherent risks they face, and the importance of implementing robust AML and CFT systems. Join us as we explore the complexities of DNFBPs and their vital role in safeguarding the integrity of the financial system.

Stay informed, stay compliant, and join us for this enlightening exploration of Designated Non-Financial Businesses and Professions (DNFBP) and their crucial role in combating money laundering and terrorism financing.

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What is designated non financial businesses & professions / Explain DNFBP / FATF Compliance #fbr
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