Tag: DNFBP

understanding dnfbps

Understanding DNFBPs

What Are DNFBPs? Designated Non-Financial Businesses and Professions (DNFBPs) refer to specific entities that, due to the nature of their products or services, are susceptible to money laundering and terrorism financing. Adhering to Compliance guidelines and regulations is paramount for DNFBPs to play a crucial role in the UAE’s efforts to combat financial crimes. Who […]

DNFBP Regulations: Identifying Red Flags Behaviours for DPMS

DNFBP Regulations: Identifying Red Flags Behaviours for DPMS

Dealers in Precious Metals and Stones (DPMS) which are classified as DNFBPs need to pay close attention when it comes to deal with suppliers in precious metals and stones, it is crucial to be aware of potential red flags in order to avoid relationships that can hinder your business. However, identifying these red flags can […]