According to the Financial Action Task Force 40 Recommendations, Designated Non-Financial Businesses and Professions include

Question

Options

• Acommodities traders.
• Bmoney services businesses.
• Chawala operators.
• Dreal estate agents.

• A
  16% (5)
• B
  3% (1)
• C
  10% (3)
• D
  71% (22)

Explanation

These designated nonfinancial businesses and professions (DNFBPs) include --casinos when customers engage in financial transactions equal to or above a designated threshold.......... --real estate agents when they are involved in transactions for clients concerning buying and selling properties; --dealers in precious metals and stones when they engage in any cash transaction with a customer at or above a designated threshold; --lawyers, notaries and independent legal professionals and accountants when they prepare or carry out transactions for clients concerning buying and selling real estate; .......; and --trust and company service providers when they prepare or carry out transactions for a client concerning certain activities ....

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