AML/CFT for Non-Financial Businesses and Professions

Anti-Money Laundering AML/CFT October 25, 2025
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Introduction

This comprehensive course addresses the AML/CFT requirements and implementation challenges for designated non-financial businesses and professions (DNFBPs). Participants will learn about the specific regulatory obligations for lawyers, accountants, real estate professionals, dealers in precious metals and stones, and trust and company service providers. The course covers risk assessment, customer due diligence, suspicious activity reporting, and compliance program development tailored to non-financial sectors. Through sector-specific case studies and practical exercises, learners will develop the knowledge needed to implement effective AML/CFT programs.

Objectives

Key Learning Objectives:

  • Understand AML/CFT obligations for DNFBPs
  • Learn sector-specific risks and vulnerabilities
  • Master customer due diligence requirements for non-financial sectors
  • Develop skills in suspicious activity identification and reporting
  • Learn to conduct risk assessments for non-financial businesses
  • Understand regulatory expectations for DNFBP compliance programs
  • Master record-keeping and training requirements
  • Learn to balance professional obligations with AML/CFT requirements
  • Develop sector-specific compliance implementation strategies

Target Audience

  • Legal professionals and law firm compliance staff
  • Accountants and accounting firm partners
  • Real estate agents and brokers
  • Dealers in precious metals and stones
  • Trust and company service providers
  • Corporate service professionals
  • Professional association representatives
  • Regulatory supervisors of DNFBPs

Methodology

  • Sector-specific case studies
  • Risk assessment workshops
  • CDD documentation exercises
  • SAR writing practice sessions
  • Role-playing client interactions
  • Regulatory requirement analysis
  • Industry expert presentations

Personal Impact

  • Enhanced understanding of DNFBP obligations
  • Improved risk assessment and due diligence skills
  • Stronger compliance program development capabilities
  • Better balancing of professional and compliance requirements
  • Increased confidence in AML/CFT implementation
  • Career development in professional services compliance

Organizational Impact

  • Reduced regulatory compliance risks
  • Enhanced reputation and client trust
  • More effective risk management
  • Improved regulatory relationships
  • Stronger internal controls and governance
  • Better preparation for regulatory examinations

Course Outline

Unit 1: DNFBP Regulatory Framework

Legal Obligations
  • FATF DNFBP recommendations
  • National regulatory requirements
  • Registration and supervision frameworks
  • Enforcement and penalty provisions
Sector Overview
  • Legal profession risks and requirements
  • Accounting sector obligations
  • Real estate industry vulnerabilities
  • TCSP and dealer specific rules

Unit 2: Risk Assessment and Management

Sector-Specific Risks
  • Client and matter risk assessment
  • Service and product risk analysis
  • Geographic risk considerations
  • Professional privilege limitations
Risk Mitigation
  • Client acceptance procedures
  • Matter risk scoring
  • Internal controls development
  • Monitoring and review processes

Unit 3: Customer Due Diligence

Identification Requirements
  • Client identification standards
  • Beneficial ownership verification
  • PEP identification and due diligence
  • Ongoing monitoring obligations
Sector-Specific CDD
  • Legal client due diligence
  • Real estate transaction CDD
  • Corporate formation verification
  • High-value dealer requirements

Unit 4: Suspicious Activity Reporting

Detection and Identification
  • Sector-specific red flags
  • Transaction pattern analysis
  • Client behavior indicators
  • Matter progression concerns
Reporting Process
  • SAR filing obligations
  • Internal reporting procedures
  • Documentation standards
  • Confidentiality and tipping-off prevention

Unit 5: Compliance Program Implementation

Program Development
  • Policies and procedures creation
  • Appointment of compliance officer
  • Training and awareness programs
  • Independent audit requirements
Operational Integration
  • Business process integration
  • Technology solutions
  • Client communication strategies
  • Continuous improvement approaches

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