Manual DNFBPs

This manual explains how SAMIFIN controls companies to prevent money laundering,terrorist financing, and the financing of weapons of mass destruction. 

It describes what companies must do and how SAMIFIN verifies them, either remotely or directly on-site. The manual is primarily for SAMIFIN's teams, but it can also be used by other supervisory authorities and by the concerned companies themselves. 

Important Terms 

• Risk-Based Approach (RBA): Control efforts are focused where the risk is highest. 
• DNFBPs (EPNFD - Entreprises et Professions Non Financières Désignées): These are businesses like real estate agencies, car dealers, jewelers, precious metal and stone dealers, etc. 
• VASPs (PSAV - Prestataires de Services sur les Crypto-Actifs): Companies that offer services on virtual assets (crypto-assets). 
• STRs (DOS / STR - Déclarations d’Opérations Suspectes): Suspicious Transaction Reports sent to SAMIFIN. 
• TFS (SFC - Sanctions Financières Ciblées): Targeted Financial Sanctions, forexample, freezing the accounts of an individual or company linked to terrorism. 
• Residual Risk: Risk that remains after the company's control measures. 
• Grading: Level of severity of a noted problem, from "minor" to "critical."