What is DNFBP (Designated non-financial businesses and professions)? DNFBP and FBR's role in removing Pakistan from FATF grey list?
Is there any annual renewal of registration of DNFBP?
Will a real estate agent perform CDD (customer due diligence) and EDD (Extended due diligence)?
Watch the full video to find out answers to all these questions in this discussion recently held with DG, DNFBP (FBR) Muhammad Iqbal Khan.
Under the Anti-Money Laundering Act, the Federal Board of Revenue is responsible for ensuring that DNFBPs including real estate agents, dealers in precious metals and stones, and FBR-supervised accountants comply with anti-money laundering and counter financing of terrorism obligations. Financial institutions, lawyers, law firms, notaries and non-FBR-supervised accountants are supervised by other competent authorities and self-regulatory bodies.
Негізгі бет Discussion on DNFBP with Director General, DNFBP (FBR), Muhammad Ahsan Malik and Ali Hasnain Shah
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