If aml/cft legislature of the host country does not permit the implementation of
Should inform
If these measures are not sufficient
Placing additional controls on the group
As appropriate
Home country supervisors
Requesting the group to close down operations in the host country
Should consider additional supervisory actions, including
10.4. Customer due diligence and record-keeping requirements for designated non-financial businesses and professions
CDD measures, R. 10
Apply to DNFBPs in the following situations, R. 22
Record keeping, R. 11
PEPs, R. 12
New technologies, R. 15
Casinos
Reliance on third parties, R. 17
Dealers in precious metals
When customers engage in a financial transaction equal or above the 3,000 USD/EUR applicable threshold
When customers engage in financial transactions equal or above the 3,000 USD/EUR applicable threshold
Dealers in precious stones
Real estate agents
When they engage in any cash transaction equal or above the 15,000 USD/EUR applicable threshold
When they are involved in transactions for their client concerning the
Buying and selling of real estate
Lawyers
Notaries
Independent legal professionals
Independent accountants
Managing of
Bank accounts
Money
Savings accounts
Securities
Securities accounts
Other assets
Organization of contributions for the
Legal persons and their arrangements (companies, business entities)
Creation, operation or management of
Prepare for or carry out transactions for a client concerning all activities listed in the definition of TCSPs
Trust and company service providers
10.5. Other aml/cft requirements for designated non-financial businesses and professions
CDD measures, R. 10
Real estate agents should implement these measures with respect to both purchasers and vendors of the property
Casinos should implement these measures when their customers engage in a financial transaction equal or above the applicable threshold
Casinos must be able to link CDD information for a particular customer to his transactions in the casino
Reporting requirements
Dealers in precious metals and dealers in precious stones should report suspicious cash transactions with a customer equal or above the applicable designated threshold
It is not required to report suspicious transactions if the relevant information was obtained in circumstances where the persons are subject to professional secrecy or legal professional privilege
(a) In performing the task of defending or representing the client in judicial and other proceedings
Lawyers
Notaries
Independent legal professionals
Independent accountants
(b) In the course of ascertaining the legal position of the client
STRs can be sent to appropriate self-regulatory organizations, provided that they cooperate with the FIU
Reporting activities should be extended to all professional activities of accountants
If these persons seek to dissuade a client from engaging in illegal activity, this does not amount to tipping-off
Including auditing