Designated Non-Financial Businesses and Professions (DNFBPs) are required to register with the Federal Board of Revenue (FBR) in Pakistan to comply with anti-money laundering (AML) and counter-financing of terrorism (CFT) regulations.
Navigating the registration process for Designated Non-Financial Businesses and Professions (DNFBPs) in Pakistan can seem daunting. But fear not! This comprehensive checklist equips you with the key requirements and documents to ensure a smooth and successful registration with the FBR.
Operating as a Designated Non-Financial Business or Profession (DNFBP) in Pakistan requires registration with the Federal Board of Revenue (FBR). This process ensures compliance with Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) regulations.
Designated Non-Financial Businesses and Professions (DNFBPs) refer to businesses and professions that are not related to financial institutions but are still vulnerable to money laundering and terrorist financing. DNFBPs in Pakistan include real estate agents, dealers of precious metals and stones, lawyers, accountants, trust and company service providers, and notaries.
