The FATF research highlighted a trend in the use of complex commercial arrangements by money launders and terrorism financiers to hide their money trail. These arrangements often use the services of professionals such as lawyers, accountants and company secretaries. Arising from these typologies, the FATF standards require countries to improve their Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) measures on DNFBPs.

The acronym of the day is “DNFBP”, or Designated Non-Financial Businesses and Professions. It is the FATF catch-all for any business or profession that poses a money laundering risk but cannot be classified as a financial institution. Thus, the risks related to this sector lie in the potential misuse for ML/TF.

Real Time Business Solution

Circuit Computer provide real time business solutions which may help to streamline the DNFBPs business processes. Circuit Computer focus on the needs of customers and designed the LiveEx DNFBPs solutions as per the FATF recommendations.

The LiveEx DNFBPs system provides comprehensive dashboard after the successful login for quick analysis of

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    Customer Onboarding
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    Risk Base Approach
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    Case Management

The LiveEx DNFBPs system provides :

  • Real-Time Sanction Screening
  • KYC , CDD/SDD/EDD Templates
  • RBA - Framework
  • Risk Mitigation Modules
  • Legal/Natural Link Analysis
  • GoAML Integration
  • Documents Repository
  • MIS & EI
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