A Step-By-Step Guide: AML CFT and DNFBP and their supervisory regime compliance

**A Step-By-Step Guide: AML CFT and DNFBP and their supervisory regime compliance**
Anti-money laundering (AML) and counter-terrorism financing (CFT) are important regulations designed to prevent criminals from using financial institutions to launder money or finance terrorism. Designated non-financial businesses and professions (DNFBPs) are businesses and professions that are not financial institutions but that are nevertheless required to comply with AML/CFT regulations.

This guide provides a step-by-step overview of AML/CFT compliance for DNFBPs. It covers the following topics:
* What is AML/CFT?
* Why is AML/CFT important?
* Who is a DNFBP?
* What are the AML/CFT obligations of DNFBPs?
* How to comply with AML/CFT regulations

This guide is designed to help DNFBPs understand their AML/CFT obligations and to implement effective compliance measures.

**Here are some additional details about AML CFT and DNFBP:**
* AML/CFT regulations are designed to prevent criminals from using financial institutions to launder money or finance terrorism.
* DNFBPs are businesses and professions that are not financial institutions but that are nevertheless required to comply with AML/CFT regulations.
* The AML/CFT obligations of DNFBPs include customer due diligence, recordkeeping, and reporting suspicious activity.
* DNFBPs can comply with AML/CFT regulations by implementing a risk-based approach that includes the following measures:
* Identifying and assessing their AML/CFT risks
* Implementing customer due diligence procedures
* Keeping accurate records
* Reporting suspicious activity

**If you are a DNFBP, it is important to understand your AML/CFT obligations and to implement effective compliance measures. Failure to comply with AML/CFT regulations can result in significant penalties, including fines and imprisonment.**

*Time Stamps.*
00:00 Intro
00:12 What is Anti-Money Laundering
02:37 What is Counter-Terrorism Financing
05:33 What is DNFBP
09:24 Anti-Money Laundering Counter-Terrorism Financing Compliance
13:22 Money Laundering and Terrorist Financing Risk in DNFBPs
17:04 Pakistan's new AML CFT supervisory Regime compliance

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