Compliance for the businesses regulators now watch closely.

A complete AML/CFT platform purpose-built for Designated Non-Financial Businesses and Professions — designed per FATF recommendations and UAE Central Bank, MoE and FIU standards.

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Why DNFBPs?

The FATF caught up — your platform should too.

FATF research has highlighted a trend in the use of complex commercial arrangements involving lawyers, accountants and company secretaries. DNFBP stands for Designated Non-Financial Businesses and Professions — any business that poses an ML risk without being a traditional financial institution.

Non-financial firms now carry the same AML/CTF obligations as banks. FATF has issued specific guidance, and the UAE expects DNFBPs to develop AML/CFT policies, controls and procedures to detect and report suspicious activity.

DNFBPS Compliance
Who counts as a DNFBP?

Categories covered by LiveEx — DNFBPS.

Auditors, accountants & tax advisors

External accountancy firms providing services to clients in regulated jurisdictions.

Casinos & gambling providers

Service providers in the gaming sector, including online and in-person.

Company service providers

Firms providing company formation, secretarial and structuring services.

Dealers in precious metals

Bullion dealers and traders subject to AML obligations.

Dealers in precious stones

Diamond and gemstone dealers, including importers and exporters.

Lawyers

Legal professionals handling client funds, real estate and corporate transactions.

Notaries & legal professionals

Independent legal professionals subject to local AML regulations.

Real estate agents

Brokers and agents handling property transactions.

Trusts & trustees

Trust service providers and corporate trustees.

Capabilities

What ships with LiveEx — DNFBPS.

01

Customer Onboarding

KYC, CDD/SDD/EDD templates designed for DNFBP categories.

02

Transactions

Monitor every transaction across products and channels.

03

Screening

Real-time sanctions and PEP screening at point of transaction.

04

Risk-Based Approach

Risk framework tuned to DNFBP categories and customer types.

05

Rules Engine

Configurable rule sets per DNFBP profile, managed by the MLRO.

06

Case Management

Investigations, escalations, SAR/STR and goAML reporting.

LiveEx DNFBPS
Real-time business solution

The LiveEx DNFBPs system provides:

  • Real-Time Sanction Screening
  • KYC, CDD/SDD/EDD templates
  • Risk-Based Approach (RBA) framework
  • Risk mitigation modules
  • Legal/natural-person link analysis
  • goAML integration
  • Documents repository
  • MIS & executive information dashboards

Comprehensive post-login dashboard tailored to your DNFBP category — operations, compliance and audit get the views they need.

Central Bank of the UAE — Chapter 16

Regulatory standards built in.

LiveEx — DNFBPS aligns with the latest CBUAE standards (v1.20, November 2021, amending v1.10 of February 2018) covering enhanced due diligence obligations. The MoE DNFBP Anti-Money Laundering Guidelines provide additional sector-specific guidance.

Enhanced Due Diligence (16.14.1 – 16.14.3)

  • Verifying customer licences and authorisations
  • Confirming customer AML/CFT compliance status
  • Understanding customer business, geography and underlying customers
  • Compliance Officer and Manager approval for high-risk relationships

Tipping-off and confidentiality protections are designed into the workflow. Specific reporting requirements for lawyers and accountants, dealers in precious metals, and trust/company service providers are all covered out of the box.

Download the MoE supplemental guidance for dealers in precious metals and stones →

DNFBP compliance without enterprise complexity.

See how LiveEx — DNFBPS fits your category, your transaction volumes and your reporting obligations.

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