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FIU: KEY FUNCTIONS
FIU: KEY FUNCTIONS
FAQs

Designated Non-financial Business or Profession” is defined as any of the following:  (Con't)

1.   Casinos, betting shops or lotteries, including a person who carries on such a business through the internet, when their
      customers engage in financial transactions equal to or above five hundred thousand dollars or such lower amount
       as may be prescribed by the Minister responsible for Finance;
1.     Real estate agents, when they are involved in transactions for their client relating to the buying and selling of real estate
       andreal estate brokers;
1.     Dealers in precious metals and dealers in precious and semi-precious stones, including, but not limited to those covered
      when they engage in any cash transaction with a customer equal to or above two million dollars or such lower amount as
      may be prescribed by the Minister responsible for Finance;
1.    Attorneys-at- law, notaries, other independent legal professionals and accountants when they prepare for or carry out
      transactions for their client relating to the following activities:

(a)    buying and selling of real estate;
(b)    managing of client money, securities or other assets;
(c)    management of bank, savings or securities accounts;
(d)    organisation of contributions for the creation, operation or management of companies; or
(e)    creation, operation or management of legal persons or arrangements, and buying and selling of
   business entities;
     
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